ADAMN 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	--	2.1B EUR	1.95B EUR	1.96B EUR
Enterprise Value	13.74B EUR	6.15B EUR	5.87B EUR	6B EUR
Valuation Multiples
Trailing P/E	--	10.41x	12.53x	18.3x
Forward P/E	--	--	--	--
Price to Sales	--	4.59x	4.8x	7.44x
Price to Book	2.27x	1.43x	1.34x	1.37x
EV/Revenue	36x	13.4x	14.47x	22.82x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	13.31x	21.3x	18.07x
EV/FCF	--	38.86x	64.2x	55.45x
FCF Yield	--	7.51%	4.69%	5.53%