| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| FGNV | HHH | AEI | CBRE | RDFN | | ILAL | |
| OTCPK:FGNV | NYSE:HHH | NasdaqCM:AEI | NYSE:CBRE | NasdaqGS:RDFN | | OTCPK:ILAL | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 64.9% | 6.1% | 1.6% | 8.4% | 6.0% | | NM- | |
| 3Y CAGR | 130.1% | 7.0% | 10.8% | 8.8% | -0.5% | | 847.8% | |
| Latest Twelve Months | 76.4% | 92.6% | -39.9% | 12.0% | 6.8% | | 1168.0% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -508.1% | 10.6% | -63.0% | 4.7% | -12.4% | | -1124473.5% | |
| Prior Fiscal Year | -36.1% | 21.1% | -158.2% | 3.7% | -21.5% | | NA | |
| Latest Fiscal Year | -285.5% | 30.7% | -9.1% | 4.1% | -14.3% | | 28.8% | |
| Latest Twelve Months | -262.8% | 30.7% | -56.8% | 4.1% | -14.3% | | 63.6% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 18.04x | 4.67x | -1.72x | 1.19x | 2.17x | | 1.95x | |
| EV / LTM EBIT | -6.9x | 15.2x | 3.0x | 29.3x | -15.1x | | 3.1x | |
| Price / LTM Sales | 8.15x | 2.14x | 0.69x | 1.07x | 1.34x | | 1.06x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | -1.72x | 2.17x | 18.04x | | | | | |
| Historical EV / LTM Revenue | -3708.79x | 25.49x | 300.38x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 2.10x | 2.21x | 2.32x | | | | | |
| (x) LTM Revenue | 13 | 13 | 13 | | | | | |
| (=) Implied Enterprise Value | 28 | 29 | 30 | | | | | |
| (-) Non-shareholder Claims * | (12) | (12) | (12) | | | | | |
| (=) Equity Value | 16 | 17 | 19 | | | | | |
| (/) Shares Outstanding | 87.0 | 87.0 | 87.0 | | | | | |
| Implied Value Range | 0.18 | 0.20 | 0.22 | | | | | |
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.18 | 0.20 | 0.22 | | 0.16 | | | |
| Upside / (Downside) | 14.2% | 24.6% | 35.0% | | | | | |