Investor Presentaiton
Investment research SOTP analysis supports significant upside to the current trading price
Investment research analyst SOTP analysis exhibits clear upside to the market price despite using overly conversative multiples
Upside from $17.91:
Closing price 11/16/2022
52%
48%
68%
62%
97%
88%
39%
64%
SOTP Fair Value per Share
$40.00
$35.00
$30.00
$27.17
$26.59
$25.00
$20.00
$15.00
$10.00
$5.00
$30.00
$29.00
$-
CREDIT SUISSE
Goldman
Sachs
GUGGENHEIM
J.P.Morgan
$35.33
$33.66
MACQUARIE
$24.93
$29.36
Morgan Stanley
UBS
Group
Average
Source: Investment bank research reports
IRENIC
Note: Sum-of-the-Parts price targets exclude any holding company discounts and/or assumed tax impacts from asset sales. Further detail provided in appendix
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