SPHXF 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	7.6B EUR	8.02B EUR	10.37B EUR	8.85B EUR
Enterprise Value	433.3B EUR	411.89B EUR	401.08B EUR	403.96B EUR
Valuation Multiples
Trailing P/E	8.91x	0.16x	0.21x	0.24x
Forward P/E	0.19x	--	--	--
Price to Sales	0.05x	0.06x	0.07x	0.08x
Price to Book	1.01x	0.02x	0.02x	0.02x
EV/Revenue	2.99x	2.85x	2.83x	3.73x
EV/EBITDA	4.91x	4.57x	4.47x	5.94x
Price to FCF (P/FCF)	0.11x	0.1x	0.14x	0.16x
EV/FCF	6.32x	5.14x	5.24x	7.12x
FCF Yield	901.63%	999.16%	739.03%	640.91%