2350.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	7.23B EUR	7.8B EUR	8.39B EUR	7.1B EUR
Enterprise Value	15.56B EUR	16.13B EUR	17.4B EUR	16.06B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	160.67x	--	--	--
Price to Sales	0.94x	1.02x	1.06x	1.11x
Price to Book	0.91x	0.99x	0.98x	0.77x
EV/Revenue	2.03x	2.11x	2.21x	2.51x
EV/EBITDA	33.6x	25.42x	19.47x	21.05x
Price to FCF (P/FCF)	5.71x	40.6x	--	--
EV/FCF	12.29x	83.97x	--	--
FCF Yield	17.51%	2.46%	-3.4%	-4.94%