MRP 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	3.71B EUR	4.99B EUR	4.65B EUR	4.96B EUR
Enterprise Value	6.22B EUR	7.43B EUR	7.02B EUR	7.04B EUR
Valuation Multiples
Trailing P/E	7.79x	13.45x	12.99x	18.04x
Forward P/E	6.91x	--	--	--
Price to Sales	4.88x	8.58x	8.71x	11.77x
Price to Book	0.63x	0.85x	0.79x	0.85x
EV/Revenue	8.17x	12.79x	13.15x	16.7x
EV/EBITDA	--	14.91x	15.32x	20.85x
Price to FCF (P/FCF)	--	1.08x	1.24x	1.68x
EV/FCF	--	1.61x	1.87x	2.38x
FCF Yield	-37.16%	92.29%	80.82%	59.68%