CMCL 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	459.21M EUR	369.3M EUR	436.28M EUR	505.21M EUR
Enterprise Value	446.71M EUR	314.38M EUR	382.1M EUR	502.07M EUR
Valuation Multiples
Trailing P/E	6.81x	5.64x	7.02x	10.91x
Forward P/E	5.2x	--	--	--
Price to Sales	1.69x	1.28x	1.57x	2.39x
Price to Book	1.56x	1.26x	1.6x	1.95x
EV/Revenue	1.64x	1.09x	1.37x	2.37x
EV/EBITDA	3.06x	2.59x	3.27x	5.57x
Price to FCF (P/FCF)	9.14x	7.41x	9.14x	14.25x
EV/FCF	8.89x	6.3x	8.01x	14.17x
FCF Yield	10.94%	13.5%	10.94%	7.02%