| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| IFF | SXT | RBT | SY1 | GVDB.F | | TRPZ | |
| BASE:IFF | NYSE:SXT | ENXTPA:RBT | DB:SY1 | OTCPK:GVDB.F | | TASE:TRPZ | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 17.4% | 3.3% | 6.6% | 8.0% | 3.6% | | 42.5% | |
| 3Y CAGR | -0.5% | 4.1% | 10.2% | 9.3% | 3.5% | | 30.3% | |
| Latest Twelve Months | 0.0% | 6.9% | 5.4% | 5.7% | 7.2% | | 48.4% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 8.6% | 12.6% | 14.5% | 12.8% | 16.4% | | 16.5% | |
| Prior Fiscal Year | 5.3% | 12.3% | 14.6% | 11.3% | 16.1% | | 14.3% | |
| Latest Fiscal Year | 6.3% | 12.7% | 15.3% | 14.2% | 18.9% | | 14.7% | |
| Latest Twelve Months | 6.3% | 12.7% | 16.0% | 14.2% | 18.9% | | 14.7% | |
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| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 2.50x | 2.42x | 2.26x | 3.11x | 5.31x | | 4.21x | |
| EV / LTM EBIT | 39.8x | 19.0x | 14.1x | 21.7x | 28.1x | | 28.7x | |
| Price / LTM Sales | 1.70x | 2.01x | 2.08x | 2.65x | 4.77x | | 3.56x | |
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| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 2.26x | 2.50x | 5.31x | | | | | |
| Historical EV / LTM Revenue | 3.31x | 4.39x | 10.33x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 3.68x | 3.87x | 4.07x | | | | | |
| (x) LTM Revenue | 189 | 189 | 189 | | | | | |
| (=) Implied Enterprise Value | 695 | 732 | 768 | | | | | |
| (-) Non-shareholder Claims * | (122) | (122) | (122) | | | | | |
| (=) Equity Value | 573 | 610 | 647 | | | | | |
| (/) Shares Outstanding | 100.8 | 100.8 | 100.8 | | | | | |
| Implied Value Range | 5.69 | 6.05 | 6.42 | | | | | |
| FX Rate: USD/ILS | 0.3 | 0.3 | 0.3 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 21.04 | 22.38 | 23.72 | | 24.49 | | | |
| Upside / (Downside) | -14.1% | -8.6% | -3.1% | | | | | |