Help with a Simple Technical Question

If there are two companies with same industry, same region, similar cap structure, Wacc/discount rate, same capex, working capital.

One has a higher margin on its sales, one has a lower margin on its sale. Which would be trading at a higher EBITDA multiple if their EBITDA is the same?

I'm trying to think of it intuitively, since one has a higher margin on its sale, its more efficient right?
so less room to grow... than the less efficient company. How does that stack with the ebitda multiple though? Will the lower company just be undervalued and have a lower multiple?

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