2230.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	6.09B EUR	6.9B EUR	6.83B EUR	5.4B EUR
Enterprise Value	7.1B EUR	7.89B EUR	7.79B EUR	6.47B EUR
Valuation Multiples
Trailing P/E	17.19x	19.6x	20.04x	21.32x
Forward P/E	--	--	--	--
Price to Sales	0.86x	0.98x	0.98x	1.03x
Price to Book	2.47x	2.8x	2.77x	2.27x
EV/Revenue	1.01x	1.12x	1.12x	1.24x
EV/EBITDA	13.8x	14.46x	14.25x	15.61x
Price to FCF (P/FCF)	10.9x	10.22x	9.94x	9.4x
EV/FCF	12.71x	11.7x	11.33x	11.25x
FCF Yield	9.18%	9.78%	10.07%	10.64%