MNDDF 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	2.16B EUR	2.16B EUR	2.16B EUR	2.16B EUR
Enterprise Value	-8.69B EUR	-7.05B EUR	-9.54B EUR	-8.01B EUR
Valuation Multiples
Trailing P/E	12x	0.21x	0.23x	0.37x
Forward P/E	--	--	--	--
Price to Sales	0.02x	0.02x	0.02x	0.03x
Price to Book	2.2x	0.03x	0.04x	0.04x
EV/Revenue	-0.1x	-0.08x	-0.11x	-0.12x
EV/EBITDA	-0.55x	-0.41x	-0.58x	-0.71x
Price to FCF (P/FCF)	0.32x	0.23x	0.26x	0.49x
EV/FCF	-1.3x	-0.75x	-1.16x	-1.84x
FCF Yield	309.03%	437.79%	380.16%	202.05%