Hybrid Models Valuation Table & Examples

	B	C	D	E	F	G	H	I	J	K
1
2
3	Theme	Software		Financial Services					Hardware	External Factor
4	Category	Subscription	Services	Payments	Lending	Referral	Asset Management	Marketplace	Devices	Boost or Mute
5	Business Model	Revenue associated with ARR	1-time implementation fee	Transaction Fee (% or $)	Interest, NIM	Fee per referral	% of AUM	Transaction fee (%)	1-time device fee	Apply to whole revenue base
6	LTM Rev Multiple	10-20x	1-2x	3-8x	2-4x	1-3x	1-3x	3-8x	1-3x	(1.5)-1.5x
7
8
9	Example 1: SMB SaaS vendor payments business
10	Category	Subscription	Services	Payments	Lending	Referral	Asset Management	Marketplace	Devices	Boost or Mute
11	Revenue	$ 4.00		$ 4.00		$ 2.00				$ 10.00
12	Rev Multiple	15.0x		5.0x		2.0x				0.75
13	Component Value	$ 60.00		$ 20.00		$ 4.00				$ 7.50
14	Total Value	$ 91.50
15	Weighted Multiple	9.2x
16
17
18	Example 2: Enterprise POS Business
19	Category	Subscription	Services	Payments	Lending	Referral	Asset Management	Marketplace	Devices	Boost or Mute
20	Revenue		$ 0.50	$ 6.00				$ 0.50	$ 3.00	$ 10.00
21	Rev Multiple		2x	5x				5x	2x	0.25
22	Component Value		0.75	30				2.5	6	$ 2.50
23	Total Value	$ 41.75
24	Weighted Multiple	4.2x
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100