| Baltimore Resin Valuation & Metrics | | | | | | | | VALUATION OF BALT RESIN |
| Valuation Metrics | SIC 5000 | SIC 5100 | SIC 2821 |
| VALUE/SALES | 0.45 | 0.42 | 1.16 | | | | | | Weighted Multipliers | Average from P&L |
| VALUE/INCOME | 3.10 | 3.10 | 3.30 | | | VALUE/SALES | | | 0.62 | 7859954.50 | 4849591.9265 |
| Value/BOOK | 2.20 | 2.00 | 7.30 | | | VALUE/INCOME | | | 3.15 | 106343.75 | 334982.8125 |
| | | | | | | Value/BOOK | | | 3.41 | 1576510.25 | 5368017.40125 |
| WEIGHTS | 40% | 35% | 25% | | | Value/DCF | | | | | $518,459 |
| VALUE/SALES | 0.617 |
| VALUE/INCOME | 3.150 | | | | | WEIGHTS ON METRICS |
| Value/BOOK | 3.405 | | | | | VALUE/SALES | | | | 20% | 969918.3853 |
| | | | | | | VALUE/INCOME | | | | 40% | 133993.125 |
| | | | | | | Value/BOOK | | | | 20% | 1073603.48025 |
| *Assumptions/Comments: | | | | | | Value/DCF | | | | 20% | 103691.813587386 |
| Considering financial data from 2008-2011 because of the trend of increasing sales, but decreasing income. Year 2011 is not adequate for valuation |
| Using the yearly averages from the P&L and Tax Return as it is common that they may differ slightly | | | | | | SUMMATION | | | | 100% | $ 2,281,206.80 |
| Did not include EBIT, EBITDA, or Gross Profit metrics as we didn't feel they were applicable in this case and/or woud not produce a material change in the valuation |