CBU 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	3.08B EUR	3.53B EUR	3.08B EUR	3.03B EUR
Enterprise Value	3.63B EUR	3.89B EUR	2.97B EUR	3.2B EUR
Valuation Multiples
Trailing P/E	13.6x	15.48x	14.13x	18.81x
Forward P/E	11.32x	--	--	--
Price to Sales	3.68x	4.11x	3.69x	4.86x
Price to Book	1.49x	1.7x	1.52x	1.51x
EV/Revenue	4.34x	4.53x	3.55x	5.14x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	14.31x	12.75x	16.68x
EV/FCF	--	15.78x	12.29x	17.63x
FCF Yield	--	6.99%	7.84%	5.99%