Revvity, Inc. (RVTY)

Industry: Medical - Diagnostics & Research Model: Peers Multiples Valuation

Valuation Snapshot

Ticker	Rank	Name	Rev TTM (M)	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
SYNH	11	Syneos Health, Inc	5,419	61.34	61.34	14.50	14.37	42.53	24.71
ILMN	12	Illumina, Inc.	4,287	20.39	19.99	12.25	11.75	17.16	19.07
IDXX	13	IDEXX Laboratories	4,167	49.81	43.08	35.28	30.68	36.09	33.84
CRL	14	Charles River Labo	4,024	-	-	19.32	20.43	18.64	87.76
WAT	15	Waters Corporation	3,106	26.76	25.45	17.61	16.47	23.93	21.06
EXAS	16	Exact Sciences Cor	3,082	-	-	-	-	-	-
SYAB.DE	17	Synlab AG	3,071	27.70	27.70	7.78	7.78	17.44	27.50
RVTY	18	Revvity, Inc.	2,813	41.59	46.40	16.04	16.12	37.70	34.70
QIA.DE	19	Qiagen N.V.	2,432	23.67	20.37	12.62	11.54	20.06	19.52
MEDP	20	Medpace Holdings,	2,358	34.47	26.86	28.39	22.62	26.07	22.80
DASA3.SA	21	Diagnósticos da A	2,277	-	-	3.95	3.15	5.84	6.20
HLS.AX	22	Healius Limited	2,041	-	-	-	-	-	32.34
RDNT	23	RadNet, Inc.	1,970	-	-	28.09	26.96	61.49	105.52
4544.T	24	H.U. Group Holding	1,574	133.25	133.25	8.55	7.90	61.88	91.37
300244.SZ	25	Dian Diagnostics G	1,491	-	-	20.46	25.74	16.43	-
FLRY3.SA	26	Fleury S.A.	1,462	14.65	11.43	6.25	4.99	9.75	9.48

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	26.76	25.45	12.62	11.75	18.64	22.80
Full Range Median Multiple	27.70	26.86	14.50	14.37	20.06	24.71
Industry Multiple	43.56	41.05	16.54	15.72	27.48	38.55
Market Implied Multiple	55.57	62.00	20.37	20.47	47.87	44.06
Company (RVTY) Multiple	41.59	46.40	16.04	16.12	37.70	34.70
(*) Net Income / EBITDA / Revenue	238	214	770	766	328	356
Winsorized Enterprise Value	N/A	N/A	9,714	9,001	6,106	8,116
Full Range Median Enterprise Value	N/A	N/A	11,164	11,006	6,572	8,794
(-) Net Debt	2,438	2,438	2,438	2,438	2,438	2,438
Winsorized Equity Value	6,379	5,436	7,277	6,564	3,669	5,679
Full Range Median Equity Value	6,602	5,738	8,726	8,569	4,134	6,357
(/) Shares Outstanding	118	118	118	118	118	118
Winsorized Fair Value	$54.18	$46.17	$61.81	$55.75	$31.16	$48.23
Full Range Median Fair Value	$56.08	$48.74	$74.12	$72.78	$35.12	$53.99
Current Price	$112.50	$112.50	$112.50	$112.50	$112.50	$112.50
Upside / Downside	-51.84%	-58.96%	-45.06%	-50.44%	-72.30%	-57.13%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$37.93	$32.32	$43.26	$39.03	$21.81	$33.76
Buy / Don't Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy