NICBM.KW 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	98.98M EUR	98.75B EUR	88.17B EUR	76.35B EUR
Enterprise Value	79.46M EUR	98.75B EUR	88.17B EUR	76.35B EUR
Valuation Multiples
Trailing P/E	28.4x	33,994.52x	29,791.44x	24,907.13x
Forward P/E	--	--	--	--
Price to Sales	1.71x	1,703.12x	1,540.03x	1,819.81x
Price to Book	1,136x	1,132.29x	989.7x	833.64x
EV/Revenue	1.37x	1,703.08x	1,540.05x	1,819.86x
EV/EBITDA	14.54x	12,559.58x	10,952.59x	12,240.62x
Price to FCF (P/FCF)	9.71x	8,391.05x	8,049.48x	9,383.47x
EV/FCF	7.8x	8,390.88x	8,049.55x	9,383.68x
FCF Yield	10.3%	0.01%	0.01%	0.01%