DLHC 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	62.46M EUR	76.09M EUR	84.35M EUR	81.89M EUR
Enterprise Value	202.5M EUR	217M EUR	229.8M EUR	231.43M EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	-6.25x	--	--	--
Price to Sales	0.25x	0.3x	0.29x	0.35x
Price to Book	0.67x	0.82x	0.76x	0.73x
EV/Revenue	0.8x	0.86x	0.79x	0.99x
EV/EBITDA	12.18x	14.5x	10.01x	12.09x
Price to FCF (P/FCF)	2.9x	5.5x	4.44x	5.39x
EV/FCF	9.39x	15.69x	12.1x	15.22x
FCF Yield	34.52%	18.18%	22.51%	18.56%