HNHPF 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	110.53B EUR	224.83B EUR	167.74B EUR	205.25B EUR
Enterprise Value	153.39B EUR	608.2B EUR	471.24B EUR	475.31B EUR
Valuation Multiples
Trailing P/E	15.92x	1.06x	0.85x	1.39x
Forward P/E	22.48x	--	--	--
Price to Sales	0.01x	0.02x	0.02x	0.03x
Price to Book	1.85x	0.12x	0.09x	0.12x
EV/Revenue	0.02x	0.07x	0.05x	0.07x
EV/EBITDA	0.37x	1.24x	1.04x	1.4x
Price to FCF (P/FCF)	--	--	1.48x	1.4x
EV/FCF	--	--	4.14x	3.24x
FCF Yield	-164.93%	-19.22%	67.78%	71.4%