HAYW 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	2.41B EUR	3.71B EUR	2.91B EUR	3.36B EUR
Enterprise Value	2.95B EUR	4.37B EUR	3.74B EUR	4B EUR
Valuation Multiples
Trailing P/E	15.55x	22.95x	18.13x	24.47x
Forward P/E	11.87x	--	--	--
Price to Sales	2.06x	3.17x	2.54x	3.76x
Price to Book	1.52x	2.31x	1.81x	2.11x
EV/Revenue	2.53x	3.74x	3.26x	4.47x
EV/EBITDA	9.67x	13.76x	11.95x	15.71x
Price to FCF (P/FCF)	14.67x	18.14x	36.68x	14.15x
EV/FCF	17.99x	21.38x	47.1x	16.84x
FCF Yield	6.82%	5.51%	2.73%	7.07%