IDCC 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	8.55B EUR	7.31B EUR	7.81B EUR	8.18B EUR
Enterprise Value	7.76B EUR	7.09B EUR	7.61B EUR	7.93B EUR
Valuation Multiples
Trailing P/E	38.7x	24.18x	21.33x	28.1x
Forward P/E	28.59x	--	--	--
Price to Sales	10.84x	9.27x	9.43x	13.12x
Price to Book	7.11x	6.08x	7.08x	7.43x
EV/Revenue	9.84x	8.99x	9.18x	12.71x
EV/EBITDA	18.28x	15.22x	14.23x	18.58x
Price to FCF (P/FCF)	14.23x	14.71x	14.98x	15.71x
EV/FCF	12.92x	14.28x	14.59x	15.23x
FCF Yield	7.03%	6.8%	6.68%	6.37%