1830.SR 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	3.82B EUR	4.1B EUR	4.58B EUR	5.2B EUR
Enterprise Value	5.95B EUR	6.01B EUR	6.46B EUR	7.07B EUR
Valuation Multiples
Trailing P/E	14.45x	21.37x	22.81x	23.36x
Forward P/E	7.83x	--	--	--
Price to Sales	2.32x	3.38x	3.89x	4.43x
Price to Book	3.59x	3.65x	3.98x	4.34x
EV/Revenue	3.61x	4.96x	5.49x	6.01x
EV/EBITDA	9.53x	11.41x	12.46x	13.54x
Price to FCF (P/FCF)	12.1x	7.8x	8.53x	11.92x
EV/FCF	18.82x	11.46x	12.04x	16.19x
FCF Yield	8.26%	12.81%	11.72%	8.39%