ALL-PH 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	26.52B EUR	5.05B EUR	5.1B EUR	5.45B EUR
Enterprise Value	8.24B EUR	11.7B EUR	11.89B EUR	12.26B EUR
Valuation Multiples
Trailing P/E	3.33x	0.38x	0.42x	0.56x
Forward P/E	--	--	--	--
Price to Sales	0.38x	0.07x	0.08x	0.11x
Price to Book	0.14x	0.15x	0.16x	0.18x
EV/Revenue	0.12x	0.17x	0.18x	0.24x
EV/EBITDA	0.48x	--	--	--
Price to FCF (P/FCF)	1.75x	0.41x	0.44x	0.68x
EV/FCF	0.54x	0.96x	1.03x	1.53x
FCF Yield	57.16%	242.58%	226.26%	147.05%