EPC 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	1.28B EUR	1.24B EUR	983.28M EUR	796.52M EUR
Enterprise Value	2.16B EUR	2.12B EUR	1.96B EUR	2.13B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	13.87x	--	--	--
Price to Sales	0.57x	0.6x	0.48x	0.52x
Price to Book	0.88x	0.85x	0.68x	0.54x
EV/Revenue	0.96x	1.03x	0.96x	1.4x
EV/EBITDA	8.2x	10.29x	9x	13.36x
Price to FCF (P/FCF)	5.3x	23.62x	20.23x	95.97x
EV/FCF	8.93x	40.46x	40.39x	256.21x
FCF Yield	18.88%	4.23%	4.94%	1.04%