Bright Machines SPAC
EV / Revenue
(CY 2022E)
EV / EBITDA
(CY 2022E)
Valuation Metrics Overview
Automation Technology
(3)
13.58
(3)
2022E 2025E
jybug a
1.5x
Bright
Machines.
(3)
NM
2022E 2025E
8.4x
Source:
tal
(2)
(al
(41
11.1X
30.7x
COGNEX
16.7x
29.9x
KEYENCE
5.3x
21.4X
> Trimble
Peer average: 8.9x
Peer median: 6.9x
6.9x
Peer average: 24.1X
Peer median: 21.4X
18.6x
4-3X
HEXAGON
39.7x
RA Rockwell
Automation Software
7.1X
24.0x
AVEVA
(5)
11.8x
30.6x
A AUTODESK
Company management, public filings and FactSet as of s/13/1
Multiples based on CY 2025E revenue and EBITDA estimates for Category Creators and Recent De-SPACS.
8.2x
Peer average: 10.6x
Peer median: 11.8x
ptc
24.5%
13,2x
Peer average: 28.8x
Peer median: 24.8x
40.0x
12.8x
3 Bentley
24.8x
@aspentech
Category Creators(1)
4.8x
2025E
25/0x
Desktop Metal multiples reflect current enterprise value and broker consensus estimates. Berkshire Gray and Markforged enterprise values reflect cument SPAC
share price applied to pro forma capital structure reported in 5-filings, and operating metrics reflect company-forecasted estimates publicly disclosed in 5-4 filings
Bright Machines' valuation reflects post-money enterprise value and excludes potential impact of existing shareholder earnout structure.
"NM" denotes not meaningful due to negative metrics
AVEVA metrics not pro forma adjusted for March 2021 Osloft acquisition.
Peer average: 3.2x
Peer median: 2.7x
2025E
TESLA
Peer average: 16.2x
Peer median: 13.4X
10.00
2025E
Uber
13.4%
Recent De-SPACs(¹₂)
PELOTON
2.9x
3025E
11.2X
2025E 2025E 2025E 2025E 2025E 2025E
Peer average: 2.6
Peer median: 2.4x
DI
2025€ 2025E
Peer average: 10.2x
Peer median: 9.8x
9.Bx
BERKSHIRE
KUMO
9-7X
23
Markforged
2021 Bright Machines, Inc.
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