DIRR3.SA 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	6.38B EUR	7.24B EUR	6.92B EUR	7.33B EUR
Enterprise Value	7.15B EUR	8.89B EUR	8.57B EUR	9.11B EUR
Valuation Multiples
Trailing P/E	7.55x	8.46x	8.26x	11.73x
Forward P/E	5.52x	--	--	--
Price to Sales	1.32x	1.5x	1.5x	2.12x
Price to Book	2.75x	3.11x	3.25x	3.82x
EV/Revenue	1.48x	1.84x	1.86x	2.64x
EV/EBITDA	5.87x	7x	7.13x	10x
Price to FCF (P/FCF)	--	16.95x	20.62x	29.9x
EV/FCF	--	20.82x	25.54x	37.16x
FCF Yield	-16.25%	5.9%	4.85%	3.34%