1834.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	2.14B EUR	2.52B EUR	2.24B EUR	2.11B EUR
Enterprise Value	1.87B EUR	2.51B EUR	2.19B EUR	2.1B EUR
Valuation Multiples
Trailing P/E	12.18x	14.5x	14.11x	19.17x
Forward P/E	--	--	--	--
Price to Sales	0.97x	1.14x	1.04x	1.32x
Price to Book	3.2x	3.76x	3.57x	3.31x
EV/Revenue	0.85x	1.13x	1.02x	1.32x
EV/EBITDA	5.87x	10.5x	9.93x	13.55x
Price to FCF (P/FCF)	9.03x	13.96x	12.71x	17.23x
EV/FCF	7.87x	13.88x	12.43x	17.15x
FCF Yield	11.08%	7.16%	7.87%	5.81%