| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 53 | C07 | MMM | IEP | HON | | JARL.F | |
| SEHK:53 | SGX:C07 | NYSE:MMM | NasdaqGS:IEP | NasdaqGS:HON | | OTCPK:JARL.F | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 5.2% | 3.7% | -5.2% | 2.8% | 1.0% | | -2.7% | |
| 3Y CAGR | 29.8% | 8.0% | -11.4% | -3.7% | 3.8% | | -0.1% | |
| Latest Twelve Months | 0.6% | 0.3% | -0.1% | -8.1% | 5.0% | | -0.7% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 13.6% | 11.8% | 19.9% | -5.3% | 20.8% | | 10.3% | |
| Prior Fiscal Year | 11.0% | 14.0% | 17.4% | 0.8% | 20.6% | | 11.7% | |
| Latest Fiscal Year | 18.1% | 11.7% | 17.5% | 0.2% | 21.3% | | 9.4% | |
| Latest Twelve Months | 18.2% | 11.7% | 17.5% | 0.2% | 21.3% | | 9.4% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.56x | 0.65x | 3.53x | 0.86x | 4.14x | | 0.87x | |
| EV / LTM EBIT | 8.6x | 5.6x | 20.2x | 432.8x | 19.4x | | 9.2x | |
| Price / LTM Sales | 0.98x | 0.35x | 3.39x | 0.48x | 3.57x | | 0.35x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.65x | 1.56x | 4.14x | | | | | |
| Historical EV / LTM Revenue | 0.83x | 0.96x | 1.36x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.96x | 1.01x | 1.06x | | | | | |
| (x) LTM Revenue | 35,779 | 35,779 | 35,779 | | | | | |
| (=) Implied Enterprise Value | 34,326 | 36,133 | 37,939 | | | | | |
| (-) Non-shareholder Claims * | (18,720) | (18,720) | (18,720) | | | | | |
| (=) Equity Value | 15,606 | 17,413 | 19,219 | | | | | |
| (/) Shares Outstanding | 291.6 | 291.6 | 291.6 | | | | | |
| Implied Value Range | 53.52 | 59.71 | 65.91 | | | | | |
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 53.52 | 59.71 | 65.91 | | 41.45 | | | |
| Upside / (Downside) | 29.1% | 44.1% | 59.0% | | | | | |