CRD-B 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	572.05M EUR	0 EUR	493.76M EUR	523.93M EUR
Enterprise Value	787.49M EUR	--	710.36M EUR	730.12M EUR
Valuation Multiples
Trailing P/E	25.57x	--	90.65x	72.51x
Forward P/E	10.64x	--	--	--
Price to Sales	0.45x	--	0.51x	0.54x
Price to Book	3.13x	--	2.8x	3.03x
EV/Revenue	0.62x	--	0.73x	0.75x
EV/EBITDA	9.87x	--	12.6x	12.22x
Price to FCF (P/FCF)	9.88x	--	8.17x	12.54x
EV/FCF	13.6x	--	11.76x	17.48x
FCF Yield	10.12%	--	12.24%	7.97%