| Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| BHC | OMER | OCUL | RANI | MSTH | | HROW | |
| NYSE:BHC | NasdaqGM:OMER | NasdaqGM:OCUL | NasdaqGM:RANI | OTCPK:MSTH | | NasdaqGM:HROW | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 2.3% | NM- | 72.0% | 1.0% | 36.8% | | 31.3% | |
| 3Y CAGR | 4.5% | NM- | 13.6% | -27.7% | 14.8% | | 40.2% | |
| Latest Twelve Months | 5.9% | NM | -9.2% | NM | 24.7% | | 47.8% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 18.8% | 540.8% | -225.2% | -2807.1% | -20.7% | | 3.3% | |
| Prior Fiscal Year | 18.5% | NA | -141.0% | NA | -29.3% | | 0.6% | |
| Latest Fiscal Year | 19.4% | NA | -272.1% | -4824.9% | -29.6% | | 4.5% | |
| Latest Twelve Months | 20.6% | NA | -473.1% | -3418.3% | -29.6% | | 11.2% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 2.32x | NA | 38.97x | 119.92x | 0.54x | | 6.65x | |
| EV / LTM EBIT | 11.3x | -7.7x | -8.2x | -3.5x | -1.8x | | 59.2x | |
| Price / LTM Sales | 0.26x | NA | 43.77x | 139.74x | 0.06x | | 5.95x | |
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| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.54x | 20.64x | 119.92x | | | | | |
| Historical EV / LTM Revenue | 3.57x | 4.46x | 7.78x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 4.79x | 5.04x | 5.30x | | | | | |
| (x) LTM Revenue | 250 | 250 | 250 | | | | | |
| (=) Implied Enterprise Value | 1,198 | 1,261 | 1,324 | | | | | |
| (-) Non-shareholder Claims * | (174) | (174) | (174) | | | | | |
| (=) Equity Value | 1,024 | 1,087 | 1,150 | | | | | |
| (/) Shares Outstanding | 37.0 | 37.0 | 37.0 | | | | | |
| Implied Value Range | 27.65 | 29.35 | 31.06 | | | | | |
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 27.65 | 29.35 | 31.06 | | 44.52 | | | |
| Upside / (Downside) | -37.9% | -34.1% | -30.2% | | | | | |