MHK 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	8B EUR	7.34B EUR	6.02B EUR	6.72B EUR
Enterprise Value	8.73B EUR	7.34B EUR	7.67B EUR	8.32B EUR
Valuation Multiples
Trailing P/E	15.64x	27.4x	14.52x	18.17x
Forward P/E	11.8x	--	--	--
Price to Sales	0.72x	0.9x	0.55x	0.62x
Price to Book	0.84x	--	0.72x	0.8x
EV/Revenue	0.78x	0.9x	0.7x	0.77x
EV/EBITDA	5.81x	8.42x	6.3x	7.1x
Price to FCF (P/FCF)	8.27x	12.58x	8.48x	10.91x
EV/FCF	9.03x	12.58x	10.81x	13.51x
FCF Yield	12.09%	7.95%	11.79%	9.17%