CMRC 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	288.35M EUR	245.17M EUR	220.3M EUR	336.39M EUR
Enterprise Value	274.99M EUR	352.52M EUR	328.22M EUR	457.65M EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	6.05x	--	--	--
Price to Sales	0.83x	0.71x	0.64x	1.29x
Price to Book	5.59x	4.75x	4.7x	8.55x
EV/Revenue	0.79x	1.02x	0.95x	1.76x
EV/EBITDA	12.9x	13.5x	17.08x	53.85x
Price to FCF (P/FCF)	10.01x	12.54x	7.01x	19.43x
EV/FCF	9.55x	18.03x	10.45x	26.43x
FCF Yield	9.99%	7.97%	14.26%	5.15%