4031.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	4.03B EUR	5.84B EUR	6.04B EUR	6.82B EUR
Enterprise Value	3.61B EUR	5.96B EUR	5.92B EUR	6.74B EUR
Valuation Multiples
Trailing P/E	19.16x	27.58x	16.44x	22.22x
Forward P/E	11.06x	--	--	--
Price to Sales	1.51x	2.18x	2.21x	3.32x
Price to Book	1.56x	2.25x	2.3x	2.66x
EV/Revenue	1.35x	2.23x	2.17x	3.27x
EV/EBITDA	14.3x	13.22x	9.97x	13.28x
Price to FCF (P/FCF)	--	79.54x	12.02x	20.49x
EV/FCF	--	81.25x	11.78x	20.24x
FCF Yield	-2.5%	1.26%	8.32%	4.88%