NC2.SI 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	1.31B EUR	983.04M EUR	998.4M EUR	760.32M EUR
Enterprise Value	48.39B EUR	29.48B EUR	35.9B EUR	37.28B EUR
Valuation Multiples
Trailing P/E	85x	2.64x	--	--
Forward P/E	9.44x	--	--	--
Price to Sales	0.01x	0.01x	0.01x	0.01x
Price to Book	0.69x	0.02x	0.02x	0.02x
EV/Revenue	0.46x	0.28x	0.34x	0.47x
EV/EBITDA	8.39x	4.02x	7.39x	15.85x
Price to FCF (P/FCF)	0.42x	0.32x	0.08x	0.09x
EV/FCF	15.44x	9.47x	2.96x	4.24x
FCF Yield	239.09%	316.55%	1,215.97%	1,157.29%