3020.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	4.32B EUR	5.12B EUR	5.21B EUR	4.72B EUR
Enterprise Value	6.03B EUR	6.85B EUR	7.04B EUR	6.51B EUR
Valuation Multiples
Trailing P/E	8.92x	11.38x	11.6x	10.56x
Forward P/E	10.82x	--	--	--
Price to Sales	3.07x	4.67x	4.73x	4.25x
Price to Book	0.86x	1.02x	1.02x	0.95x
EV/Revenue	4.29x	6.26x	6.39x	5.85x
EV/EBITDA	10.1x	11.19x	11.49x	15.41x
Price to FCF (P/FCF)	206.02x	42.5x	40.23x	37.92x
EV/FCF	287.71x	56.94x	54.38x	52.26x
FCF Yield	0.49%	2.35%	2.49%	2.64%