4322.SR Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	4.3B EUR	6B EUR	6.76B EUR	5.85B EUR
Enterprise Value	5.68B EUR	7.51B EUR	8.43B EUR	7.27B EUR
Valuation Multiples
Trailing P/E	21.55x	29.83x	23.75x	25.97x
Forward P/E	--	--	--	--
Price to Sales	1.66x	2.32x	2.76x	3.13x
Price to Book	4.06x	5.67x	6.29x	5.77x
EV/Revenue	2.19x	2.9x	3.44x	3.89x
EV/EBITDA	14.05x	17.86x	18.31x	20.78x
Price to FCF (P/FCF)	--	16.14x	74.64x	35.24x
EV/FCF	--	20.21x	93.11x	43.82x
FCF Yield	-30.22%	6.19%	1.34%	2.84%