HBSA3.SA 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	5.55B EUR	5.06B EUR	5.55B EUR	4.99B EUR
Enterprise Value	8.08B EUR	7.67B EUR	8.38B EUR	7.64B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	13.6x	--	--	--
Price to Sales	2.47x	2.25x	2.52x	2.84x
Price to Book	2.65x	2.42x	2.77x	2.31x
EV/Revenue	3.6x	3.41x	3.8x	4.34x
EV/EBITDA	9.91x	7.44x	8.12x	9.34x
Price to FCF (P/FCF)	12.45x	6.24x	8.38x	6.87x
EV/FCF	18.12x	9.46x	12.66x	10.51x
FCF Yield	8.04%	16.01%	11.93%	14.56%