CRD-A 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	609.17M EUR	0 EUR	485.48M EUR	549.83M EUR
Enterprise Value	821.52M EUR	--	702.08M EUR	756.03M EUR
Valuation Multiples
Trailing P/E	27.23x	--	89.13x	76.09x
Forward P/E	11.33x	--	--	--
Price to Sales	0.48x	--	0.5x	0.56x
Price to Book	3.33x	--	2.75x	3.18x
EV/Revenue	0.65x	--	0.72x	0.77x
EV/EBITDA	10.29x	--	12.45x	12.66x
Price to FCF (P/FCF)	10.52x	--	8.03x	13.17x
EV/FCF	14.19x	--	11.62x	18.1x
FCF Yield	9.5%	--	12.45%	7.6%