interactive kiosk & digital signage€¦ · • summary valuation and operating metrics for a...

Sectorwatch:Interactive Kiosk & Digital SignageMay 2018

2

Interactive Kiosk & Digital SignageMay 2018

Sector Dashboard [4]

Public Basket Performance [5]

Operational Metrics [7]

Valuation Comparison [10]

Recent Deals [13]

Appendix [14]

7 Mile Advisors appreciates the opportunity to present this confidential information to the Company. This document is meant to be delivered only inconjunction with a verbal presentation, and is not authorized for distribution. Please see the Confidentiality Notice & Disclaimer at the end of the document. Alldata cited in this document was believed to be accurate at the time of authorship and came from publicly available sources. Neither 7 Mile Advisors nor 7MSecurities make warranties or representations as to the accuracy or completeness of third-party data contained herein. This document should be treated asconfidential and for the use of the intended recipient only. Please notify 7 Mile Advisors if it was distributed in error.

3

Overview

7MA provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. We advise on M&A and private capital transactions, and provide market assessments and benchmarking. As a close knit team with a long history together and a laser focus on our target markets, we help our clients sell their companies, raise capital, grow through acquisitions, and evaluate new markets. We publish our sectorwatch, a review of M&A and operational trends in the industries we focus.

Dashboard• Summary metrics on the sector

• Commentary on market momentum by

comparing the most recent 12-month

performance against the last 3-year

averages.

Public Basket Performance• Summary valuation and operating metrics for

a basket of comparable public companies

Valuation Comparison• Graphical, detailed comparison of valuation

multiples for the public basket

Recent Deals• The most recently announced deals in the

sector

4

Dashboard

Operating Metrics

Valuation

Revenue Growth Momentum

0.06 1 - year revenue growth compared to revenue growth

average for last 3 years

Pricing / Gross Margin Momentum

-0.4% 1 - year gross profit % compared to gross profit %

average for last 3 years

Profitability Momentum

0.9% 1 - year EBITDA % compared to EBITDA % average for

last 3 years

Current revenue growth rate exceeds the average of the last 3 years by this

amount, indicating that market momentum is increasing

Current gross profit margin is less than the average of the last 3 years gross

profit margins, indicating customer pricing power

Current EBITDA margin exceeds the average of the last 3 years EBITDA margin

by this amount, a condition that may attract new entrants

6.9%

10.2%

25.0%

0% 7% 14% 21% 28%

Median LTM Rev. Growth %

Median LTM EBITDA Margin %

Median LTM GP Margin %

0.7x

7.1x

11.1x

15.3x

0x 3x 6x 9x 12x 15x 18x

Median TEV / LTM Revenue

Median TEV / LTM EBITDA

Median TEV / LTM EBIT

Median Price / LTM Earnings

5

Public Basket

Company TEV $mLTM Rev

$m

Rev Growth

YoY GP %EBITDA

%TEV / Rev X

TEV / EBITDA

X # FTEsRev / FTE $k

Diebold Nixdorf, Incorporated 2,928 4,571 17% 23% 7% 0.6 9.0 23,000 199

NCR Corporation 6,864 6,555 0% 29% 14% 1.1 7.5 34,000 193

Flex Ltd. 8,697 25,441 7% 7% 4% 0.3 7.9 200,000 127

LG Display Co., Ltd. 10,455 24,873 -4% 16% 16% 0.4 2.7 - NA

Sharp Corporation 16,174 22,855 0% 17% 7% 0.7 10.8 - NA

Panasonic Corporation 35,680 69,548 7% 30% 8% 0.5 6.5 257,533 270

Sony Corporation 66,177 80,448 12% 27% 13% 0.9 6.6 - NA

Samsung Electronics Co., Ltd. 262,005 235,123 23% 47% 33% 1.1 3.4 - NA

Average 51,123 58,677 8% 24% 13% 0.7 6.8 64,317 197

Median 13,315 25,157 7% 25% 10% 0.7 7.1 11,500 196

share price as of 03May18

6

Public Basket Valuation Trends

Public EBITDA Multiples over Time

Public Revenue Multiples over Time

6.4x

0.6x

0x

1x

2x

3x

4x

5x

6x

7x

8x

9x

Au

g-1

3

No

v-1

3

Feb

-14

May

-14

Au

g-1

4

No

v-1

4

Feb

-15

May

-15

Au

g-1

5

No

v-1

5

Feb

-16

May

-16

Au

g-1

6

No

v-1

6

Feb

-17

May

-17

Au

g-1

7

No

v-1

7

Feb

-18

May

-18

TEV/EBITDA - Median TEV/Revenue - Median

TEV/EBITDA - Average TEV/Revenue - Average

0x

0x

0x

1x

1x

1x

Au

g-1

3

No

v-1

3

Feb

-14

May

-14

Au

g-1

4

No

v-1

4

Feb

-15

May

-15

Au

g-1

5

No

v-1

5

Feb

-16

May

-16

Au

g-1

6

No

v-1

6

Feb

-17

May

-17

Au

g-1

7

No

v-1

7

Feb

-18

May

-18

TEV/Revenue - Median TEV/Revenue - Average

0x

2x

4x

6x

8x

10x

Au

g-1

3

No

v-1

3

Feb

-14

May

-14

Au

g-1

4

No

v-1

4

Feb

-15

May

-15

Au

g-1

5

No

v-1

5

Feb

-16

May

-16

Au

g-1

6

No

v-1

6

Feb

-17

May

-17

Au

g-1

7

No

v-1

7

Feb

-18

May

-18

TEV/EBITDA - Median TEV/EBITDA - Average

7

Operational Metrics

LTM Gross Profit Margin % LTM EBITDA %

- 10% 20% 30% 40%

Median

Flex Ltd.

Sharp Corporation

Diebold Nixdorf,Incorporated

Panasonic Corporation

Sony Corporation

NCR Corporation

LG Display Co., Ltd.

Samsung Electronics Co.,Ltd.

- 20% 40% 60%

Median

Flex Ltd.


Sharp Corporation

Diebold Nixdorf, Incorporated

Sony Corporation

NCR Corporation


Samsung Electronics Co., Ltd.

8

Operational Metrics

LTM Revenue Growth %LTM Revenue per

Full Time Employee x 000’s

(10%) - 10% 20% 30%

Median


NCR Corporation

Flex Ltd.


Sony Corporation



$- $100 $200 $300

Median

Flex Ltd.

NCR Corporation



9

Operational Metrics

Accounts Receivable TurnoverAverage Days

Sales Outstanding

0x 2x 4x 6x 8x 10x

Median

NCR Corporation


Sharp Corporation

Sony Corporation



Flex Ltd.

0x 20x 40x 60x 80x

Median

Flex Ltd.



Sony Corporation

Sharp Corporation


NCR Corporation

10

Valuation

TEV / LTM Revenue TEV / LTM EBITDA

0.0x 0.5x 1.0x 1.5x

Median

Flex Ltd.




Sharp Corporation

Sony Corporation

NCR Corporation


0x 5x 10x 15x

Median




Sony Corporation

NCR Corporation

Flex Ltd.


Sharp Corporation

11

Valuation

TEV / LTM EBIT Price / LTM Earnings

0x 10x 20x 30x 40x

Median



NCR Corporation

Sony Corporation


Flex Ltd.

Sharp Corporation


0x 10x 20x 30x 40x 50x

Median



Sony Corporation

Flex Ltd.


NCR Corporation

Sharp Corporation

12

Valuation

Historical Valuation Multiples versus Gross Profit

Historical Valuation Multiples versus Revenue Growth Rate

3x 3x 6x 7x 7x 8x 9x 11x

16.1%

46.7%

29.8% 27.1%

28.7%

6.5%

23.0%

16.7%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

0x

2x

4x

6x

8x

10x

12x

LTM

GP

%

EBIT

DA

(x)

EBITDA(x) LTM GP%

3x 3x 6x 7x 7x 8x 9x 11x

(4.3%)

23.2%

7.2%

12.4%

(0.3%)

6.6%

16.9%

-

-10%

-5%

0%

5%

10%

15%

20%

25%

0x

2x

4x

6x

8x

10x

12x

LTM

RG

R%

EBIT

DA

(x)

EBITDA(x) LTM RGR%

13

Recent TransactionsDate Target Buyer / Investor

Total Transaction

Value Target

Revenue TEV /

Revenue TEV /

EBITDA

12Feb18 Scala, Inc. Stratacache, Inc. - - - -

6Feb18 ComQi Holdings Limited AU Optronics Corp. 28.00 - - -

20Jul17 Pixel Inspiration Holdings Limited Bunzl plc - 9.10 - -

5Jul17 Pursuant Health, Inc. - - - - -

4Jul17 Télécom Santé SAS Unexo; Generis Capital Partners; Télécom Technologies Transfert, SAS, SCR; Kreizig Invest; Breizh Up SAS; Crédit Agricole Ille et Vilaine Expansion

9.08 - - -

30Jun17 Medip inc. FreeBit Co., Ltd. 0.09 0.31 0.3x -

9Jun17 Seasam Digital Oy ZetaDisplay AB 5.05 3.88 1.3x -

9Jun17 CITECH Co., Ltd. Gemini Investment Corporation 2.62 17.18 - -

19Apr17 Smart RX Systems, Inc. - 1.00 0.18 - -

13Apr17 Mood Media Corporation Apollo Global Management, LLC; GSO Capital Partners LP; Arbiter Partners Capital Management, LLC

646.58 464.18 1.3x 8.0x

11Apr17 ENOVAX Pte. Ltd. PUC Founder (MSC) Berhad (nka:PUC Berhad) 1.43 - - -

6Apr17 Blendle B.V. Nikkei Inc.; INKEF Capital - - - -

5Apr17 Caldera Dover Corporation 37.32 11.73 3.2x -

24Mar17 Nelito Systems Limited DTS Corporation 1.30 11.18 0.5x -

9Mar17 Partner Tech Corp Qisda Corporation 42.56 64.99 1.3x 20.5x

3Feb17 Revel Systems, Inc. Welsh, Carson, Anderson & Stowe - - - -

3Feb17 Phoenix Kiosk Inc. and Digital On-Demand, Inc.

Slabb, Inc. - - - -

9Jan17 Real Digital Media, LLC Stratacache, Inc. - - - -

22Dec16 SignOnSite Pty Ltd. Proto Investment Partners Pty Ltd; Sydney Angels Sidecar Fund 0.43 - - -

29Nov16 CDE Software LLC QubicaAMF Worldwide, LLC - - - -

14Nov16 Medium (UK) Ltd. DCC Technology Limited 10.33 39.84 0.3x -

31Oct16 SD Concept GmbH Betterspace GmbH - - - -

26Oct16 iSIGN Media Solutions Inc. - 0.17 0.08 - -

5Oct16 Coadunatio Limited Virtual Jukebox Ltd. - - - -

2Sep16 Télécom Santé SAS - 4.46 - - -

3Aug16 365 Retail Markets, LLC McCarthy Partners Management, LLC; Mccarthy Capital Fund VI, L.P. - - - -

24Aug16 Accushield LLC - 1.40 - - -

22Aug16 ProntoTV AS ZetaDisplay AB 12.15 6.16 2.0x 8.6x

15Aug16 Scala, Inc. Stratacache, Inc. - - - -

3Aug16 Hyundai IBT Co., Ltd. IBK Capital Corporation; NH Investment & Securities Co., Ltd., Investment Arm; Hyundai Savings Bank Co., Ltd.; Golden Bridge Investment & Securities Co., Ltd, Investment Arm; LIG Investment & Securities Co., Ltd., Investment Arm

7.19 29.31 - -

29Jul16 Shenzhen Protruly Electronics Co., Ltd. Jiangsu Protruly Vision Technology Group Co., Ltd. 238.67 - - -

25Jul16 Zignage LLC - 0.19 - - -

21Jul16 Anode, Inc., FireSign Industry Weapon, Inc. - - - -

4Jul16 Merac Ltd K3 Business Technology Group plc 1.93 1.65 1.2x -

14

APPENDIX:

Public Basket

Constituents

7 Mile Advisors appreciates the opportunity to present this confidential information to the Company. This document is meant to be delivered only inconjunction with a verbal presentation, and is not authorized for distribution. Please see the Confidentiality Notice & Disclaimer at the end of the document. Alldata cited in this document was believed to be accurate at the time of authorship and came from publicly available sources. Neither 7 Mile Advisors nor 7MSecurities make warranties or representations as to the accuracy or completeness of third-party data contained herein. This document should be treated asconfidential and for the use of the intended recipient only. Please notify 7 Mile Advisors if it was distributed in error.

Interactive Kiosk & Digital SignageMay 2018

15

Public Basket


Diebold Nixdorf, Incorporated provides connected commerce

solutions to financial institutions and retailers in North America,

the Asia Pacific, Europe, the Middle East, Africa, and Latin

America. The company operates in three segments: Services,

Software, and Systems. The Services segment provides product-

related services, such as first and second line maintenance,

preventive maintenance, and on-demand services; and managed

and outsourcing services, including store lifecycle management,

self-service fleet management, branch lifecycle management,

automated teller machine (ATM) as-a-service, and managed

mobility services, as well as cash management services. This

segment offers services to ATMs, point of sale (POS) terminals,

self-checkout systems (SCO), and other distributed assets. The

Software segment provides front-end applications for consumer

connection points; and back-end platforms that manage channel

transactions, operations, and integration. Its products include

Vynamic Engage, a cloud-based software-as-a-service solution

that enables a 360-degree view of customer behavior at various

touchpoints; Diebold Nixdorf, Incorporated was founded in 1859

and is based in North Canton, Ohio.

Date Key Development Headline6/28/17 Cennox Plc acquired legacy Diebold U.K. and Ireland business

from Diebold Nixdorf, Incorporated (NYSE:DBD).

0.0x

0.6x

1.2x

1.8x

2.4x

3.0x

Revenue Multiples - Diebold Nixdorf,

Incorporated

TEV/Revenue Average

0x

7x

14x

21x

28x

35x

EBITDA Multiples - Diebold Nixdorf,

Incorporated

TEV/EBITDA Average

0x

30x

60x

90x

120x

P/E Multiples - Diebold Nixdorf,

Incorporated

P/E Average

16

Public Basket

NCR Corporation

NCR Corporation provides omni-channel technology solutions

that enable businesses connect, interact, and transact with their

customers worldwide. The company’s Software segment offers

industry-based software platforms and applications and

application suites for the financial services, retail, hospitality, and

small business industries; and cash management software,

video banking software, fraud and loss prevention applications,

check and document imaging, remote-deposit capture, and

customer-facing mobile and digital banking applications for the

financial services industry. It also provides electronic and mobile

payment solutions, sector-specific point of sale (POS) software

applications, and back-office inventory, and store and restaurant

management applications for the retail and hospitality industries;

and software support and maintenance, and consulting and

implementation services for its software solutions. The company

was founded in 1884 and is headquartered in Atlanta, Georgia.

Date Key Development Headline12/20/17 Turbon AG (DB:TUR), in conjunction with two former long term

NCR Executives, Shankar Ganapathi and Simon McCouaig,

acquired Middle East and Africa operation of Interactive Printer

Solutions division of NCR Corporation (NYSE:NCR).

11/15/17 NCR Corporation Announces a Strategic Integration with Monkey

5/22/17 NCR Corporation Seeks Acquisitions

0.0x

0.5x

1.0x

1.5x

2.0x

Revenue Multiples - NCR Corporation

TEV/Revenue Average

0x

5x

10x

15x

20x

25x

30xEBITDA Multiples - NCR Corporation

TEV/EBITDA Average

0x

15x

30x

45x

60xP/E Multiples - NCR Corporation

P/E Average

17

Public Basket

Flex Ltd.

Flex Ltd. provides design, engineering, manufacturing, and

supply chain services and solutions to original equipment

manufacturers worldwide. It offers innovation services, such as

innovations labs for supporting customer design and product

development services from early concept stages; collective

innovation platform, an ecosystem of technology solutions; Lab

IX, a startup accelerator program; centers of excellence solutions

in critical areas; interconnect technology center for printed

circuits; and CloudLabs that enables customers to accelerate a

spectrum of cloud, converged infrastructure, and datacenter

strategies. The company also provides design and engineering

services, including contract design and joint development

manufacturing services, which cover various technical

competencies, such as system architecture, user interface and

industrial design, mechanical engineering, technology, enclosure

systems, thermal and tooling design, electronic system design,

reliability and failure analysis, and component level development

engineering; and systems assembly and manufacturing services.

Flex Ltd. was founded in 1990 and is based in Singapore.

Date Key Development Headline7/27/17 i.am.plus electronics, inc. acquired Wink, Inc. from Flex Ltd.

(NasdaqGS:FLEX).

5/16/17 Flex Enters into Joint Development and Licensing Agreement with

Caruma Technologies, Inc

0.0x

0.1x

0.2x

0.3x

0.4x

0.5x

0.6xRevenue Multiples - Flex Ltd.

TEV/Revenue Average

0x

3x

6x

9x

12x

15xEBITDA Multiples - Flex Ltd.

TEV/EBITDA Average

0x

8x

16x

24x

32x

40xP/E Multiples - Flex Ltd.

P/E Average

18

Public Basket


LG Display Co., Ltd. manufactures and sells thin-film transistor

liquid crystal display and organic light-emitting diode (OLED)

technology-based display panels in the Republic of Korea,

China, Europe, rest of Asia, the United States, and

internationally. It offers various display panels primarily for use in

televisions, notebook computers, desktop monitors, tablet

computers, and mobile devices. The company also provides

panels for industrial and other applications, including

entertainment systems, automotive displays, portable navigation

devices, and medical diagnostic equipment. It serves end-brand

customers and their system integrators. The company was

formerly known as LG.Philips LCD Co., Ltd. and changed its

name to LG Display Co., Ltd. in February 2008. LG Display Co.,

Ltd. was founded in 1985 and is headquartered in Seoul, South

Korea.

Date Key Development Headline8/13/17 LG Display Co., Ltd. (KOSE:A034220) sold 23% stake in Narae

Nanotech Corporation.

5/14/17 An unknown buyer acquired 46% stake in New Optics Ltd. from

LG Display Co., Ltd. (KOSE:A034220).

0.0x

0.2x

0.4x

0.6x

0.8xRevenue Multiples - LG Display Co., Ltd.

TEV/Revenue Average

0x

1x

2x

3x

4x

5x

6xEBITDA Multiples - LG Display Co., Ltd.

TEV/EBITDA Average

0x

30x

60x

90x

120x

150x P/E Multiples - LG Display Co., Ltd.

P/E Average

19

Public Basket

Sharp Corporation

Sharp Corporation manufactures and sells electronic

communication equipment, electronic equipment, electronic

application equipment, and electronic components in Japan, The

Americas, Europe, China, and internationally. The company

operates through five segments: Consumer Electronics, Energy

Solutions, Business Solutions, Electronic Components and

Devices, and Display Devices. The Consumer Electronics

segment offers LCD color televisions, Blu-ray disc recorders,

mobile phones, tablet devices, electronic dictionaries,

calculators, facsimiles, telephones, refrigerators, superheated

steam ovens, microwave ovens, small cooking appliances, air

conditioners, washing machines, vacuum cleaners, air purifiers,

electric fans, dehumidifiers, humidifiers, electric heaters,

Plasmacluster ion generators, beauty appliances, and network

controlled units. The Energy Solutions provides solar cells and

storage batteries. Sharp Corporation was founded in 1912 and is

headquartered in Sakai, Japan.

Date Key Development Headline1/14/18 An unknown buyer completed the acquisition of 0.05% stake in

Sharp India Limited (BSE:523449) from Sharp Corporation

(TSE:6753).

12/22/17 An unknown buyer agreed to acquire 0.05% stake in Sharp India

Limited (BSE:523449) from Sharp Corporation (TSE:6753).

5/11/17 Sharp Corporation (TSE:6753) agreed to acquire 51% stake in

Saigon Stec Co., Ltd. from Sharp Takaya Electronic Industry Co.,

Ltd., for $3.1 million.

0.0x

0.3x

0.6x

0.9x

1.2x

1.5xRevenue Multiples - Sharp Corporation

TEV/Revenue Average

0x

15x

30x

45x

60x

75xEBITDA Multiples - Sharp Corporation

TEV/EBITDA Average

20

Public Basket


Panasonic Corporation, together with its subsidiaries, develops,

produces, sells, and services electrical and electronic products

under the Panasonic brand name worldwide. It operates through

Appliances, Eco Solutions, Connected Solutions, Automotive &

Industrial Systems, and Other segments. The Appliances

segment offers air conditioners, TVs, refrigerators, washing

machines, personal care products, microwave ovens, digital

cameras, home audio equipment, video equipment, fixed-

phones, vacuum cleaners, rice cookers, show cases,

compressors, fuel cells, etc. The Eco Solutions segment

provides lighting fixtures, lamps, wiring devices, solar

photovoltaic systems, water related products, interior and

exterior furnishing materials, ventilation and air conditioning

equipment, air purifiers, bicycles, nursing care related products,

etc. Panasonic Corporation was founded in 1918 and is

headquartered in Kadoma, Japan.

Date Key Development Headline4/1/18 Panasonic Corporation (TSE:6752) acquired Shiftall Inc. from

Cerevo Inc.

2/28/18 Panasonic Corporation and Scrum Ventures Announce a Joint

Venture to Foster Innovation

2/13/18 Panasonic and Trend Micro Partner to Develop Cyber Security

Solution

1/7/18 Cetus Technologies, Inc. acquired patent portfolio of Panasonic

Corporation (TSE:6752).

10/22/17 Panasonic Corporation (TSE:6752) acquired Arimo Inc.

0.0x

0.2x

0.4x

0.6x

0.8xRevenue Multiples - Panasonic Corporation

TEV/Revenue Average

0x

2x

4x

6x

8x

10xEBITDA Multiples - Panasonic Corporation

TEV/EBITDA Average

0x

50x

100x

150x

200x

250xP/E Multiples - Panasonic Corporation

P/E Average

21

Public Basket

Sony Corporation

Sony Corporation designs, develops, manufactures, and sells

electronic equipment, instruments, and devices for consumer,

professional, and industrial markets worldwide. It offers LCD

televisions, optical pickups, mobile phones, tablets, audio

equipment and video conference systems, batteries, broadcast

and professional-use video equipment, and DVD-

players/recorders; and Blu-ray Disc players and recorders,

ROMs, CDs, DVDs, and UMDs. The company also provides

Internet broadband network services to subscribers, as well as

creates and distributes content through its portal services to

various electronics product platforms, such as PCs and mobile

phones; and interchangeable lens cameras, compact digital

cameras, and consumer and professional video cameras, as well

as display products comprising projectors and medical

equipment. Sony Corporation was founded in 1946 and is

headquartered in Tokyo, Japan.

Date Key Development Headline10/14/17 Murata Manufacturing Co., Ltd. (TSE:6981) agreed to acquire a

plant in Nomi Ishikawa from Sony Corporation (TSE:6758).

8/31/17 Murata Manufacturing Co., Ltd. (TSE:6981) completed the

acquisition of Tohoku Murata Manufacturing Co., Ltd. from Sony

Corporation (TSE:6758).

0.0x

0.3x

0.6x

0.9x

1.2xRevenue Multiples - Sony Corporation

TEV/Revenue Average

0x

3x

6x

9x

12x

15xEBITDA Multiples - Sony Corporation

TEV/EBITDA Average

0x

20x

40x

60x

80x

100xP/E Multiples - Sony Corporation

P/E Average

22

Public Basket


Samsung Electronics Co., Ltd., together with its subsidiaries,

engages in the consumer electronics, information technology

and mobile communications, and device solutions businesses

worldwide. It offers digital TVs, monitors, and printers; mobile

phones, smartphones, tablets, wearables, other phones,

accessories, communication systems, and computers; memory

and system LSI products; LCD and OLED panels; audio

equipment, such as home entertainment systems, soundbars,

sound towers, digital components, Blu-Ray and DVD players,

and multimedia speakers; and solid state drives (SSD), portable

SSDs, and memory cards. Samsung Electronics Co., Ltd. was

founded in 1938 and is based in Suwon, South Korea.

Date Key Development Headline3/8/18 Royal Philips and Samsung Electronics Co. Ltd. Announces

Strategic Partnership to Connected Health Ecosystem

2/20/18 National Instruments Corporation Announces Plans to

Collaborate with Samsung Electronics Co., Ltd. to Develop 5G

Test UEs for 5G New Radio

12/12/17 Renovo and Samsung Electronics Co., Ltd. to Develop Highly

Automated Vehicle Technology

12/1/17 Samsung Electronics Co., Ltd. (KOSE : A005930) Seeks

Acquisitions

11/27/17 Samsung Electronics Co., Ltd. (KOSE:A005930) acquired Fluenty

Inc.

0.0x

0.5x

1.0x

1.5x

2.0x

Revenue Multiples - Samsung Electronics

Co., Ltd.

TEV/Revenue Average

0x

2x

4x

6x

8x

EBITDA Multiples - Samsung Electronics

Co., Ltd.

TEV/EBITDA Average

0x

5x

10x

15x

20x

P/E Multiples - Samsung Electronics Co.,

Ltd.

P/E Average

23

Contact Information7MA provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally.

We advise on M&A and private capital transactions, and provide market assessments and benchmarking. As a close-

knit team with a long history together and a laser focus on our target markets, we help our clients sell their

companies, raise capital, grow through acquisitions, and evaluate new markets. Securities offered through 7M

Securities LLC.

Leroy Davis, Partner 704.899.5962 [email protected]

Tripp Davis, Partner 704.899.5762 [email protected]

Andy Johnston, Partner 704.899.5961 [email protected]

Tom Dinnegan, Managing Director 310. 426.2410 [email protected]

Ben Lunka, Managing Director 704.496.2995 [email protected]

Jeff Stoecklein, Managing Director 312.373.3737 [email protected]

Kristina Sergueeva, Director 704.899.5149 [email protected]

Neil Churman, Director 704.899.5960 x 121 [email protected]

John Cooper, Director 704.973.3996 [email protected]

Tim Frye, Director 704.973.3994 [email protected]

Casey Augustine, Business Development - Manager 704.973.3999 [email protected]

Nicholas Prendergast, Financial Analyst 704.899.5960 [email protected]

Ariail Siggins, Marketing Director 704.899.5960 x 123 [email protected]

Sydney Larese, Associate 704.899.5960 [email protected]

Marty Johnson, Associate 704.899.5960 [email protected]

Rory Julyan, Associate 704.899.5960 [email protected]

Chevonese Dacres, Analyst 360.499.1502 [email protected]

interactive kiosk & digital signage€¦ · • summary valuation and operating metrics for a...

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