BDULF 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	10.51B EUR	8.9B EUR	10.49B EUR	9.69B EUR
Enterprise Value	28.04B EUR	24.07B EUR	17.13B EUR	20.84B EUR
Valuation Multiples
Trailing P/E	20.33x	0.58x	0.67x	0.84x
Forward P/E	--	--	--	--
Price to Sales	0.09x	0.08x	0.09x	0.12x
Price to Book	3.16x	0.09x	0.1x	0.09x
EV/Revenue	0.25x	0.22x	0.15x	0.25x
EV/EBITDA	1.08x	0.89x	0.64x	1.05x
Price to FCF (P/FCF)	1.44x	0.75x	0.86x	1.27x
EV/FCF	3.85x	2.02x	1.41x	2.73x
FCF Yield	69.34%	133.9%	115.78%	78.67%