| Equity Valuations using Multiples and Transactions |
| | EPS | BV | Sales | EBITDA | Premium | Synergy |
| Historical Multiples: |
| - Average | 14.00 | 3.00 | 2.00 | 10.00 | 40.0% | 20.0% | | Jaguar shares o/s (M) |
| - Median | 13.50 | 2.50 | 2.20 | 9.00 | 30.0% | 15.0% | | 75.00 |
| EPS | Last 4Q | Est. 2021 | Est. 2022 |
| Jaguar EPS | 4.84 | 4.91 | 5.69 |
| Maximum |
| Minimum |
| Book Value |
| Jaguar Book Value | | 32.46 |
| Maximum |
| Minimum |
| Sales |
| Jaguar Sales (Last 4Q) | | | 3,722 |
| Average Sales Multiple |
| Firm Value |
| Debt Value | | | 2,094 |
| Equity Value |
| Maximum |
| Minimum |
| EBITDA |
| Jaguar EBITDA (Last 4Q) | | | | 1,017 |
| Average EBITDA Multiple |
| Firm Value |
| Debt Value | | | | 2,094 |
| Equity Value | | | | 8,076 |
| Maximum |
| Minimum |
| Premium |
| Pre-Announcement Stock Price | | | | | 71.00 |
| Maximum |
| Minimum |
| Synergy |
| Pre-Announcement Stock Price | | | | | | 71.00 |
| Maximum |
| Minimum |