1818.KL Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	6.49B EUR	6.88B EUR	6.89B EUR
Enterprise Value	5.86B EUR	6.26B EUR	6.35B EUR
Valuation Multiples
Trailing P/E	24.3x	26.21x	26.58x
Forward P/E	21.84x	--	--
Price to Sales	8.21x	9.03x	9.37x
Price to Book	7.81x	8.28x	9.07x
EV/Revenue	7.41x	8.21x	8.64x
EV/EBITDA	14.74x	15.76x	16.3x
Price to FCF (P/FCF)	23.65x	23.23x	28.12x
EV/FCF	21.35x	21.12x	25.92x
FCF Yield	4.23%	4.31%	3.56%