DTC.AE 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	5.49B EUR	5.84B EUR	5.34B EUR	6.42B EUR
Enterprise Value	6.07B EUR	6.53B EUR	5.99B EUR	7.17B EUR
Valuation Multiples
Trailing P/E	24.44x	25.6x	16.54x	23.58x
Forward P/E	16.31x	--	--	--
Price to Sales	2.39x	2.54x	2.19x	3.41x
Price to Book	13.92x	14.78x	13.84x	13.53x
EV/Revenue	2.64x	2.84x	2.46x	3.8x
EV/EBITDA	11.54x	12.41x	9.45x	14.13x
Price to FCF (P/FCF)	20.09x	23.29x	24.94x	33.41x
EV/FCF	22.21x	26.01x	27.94x	37.26x
FCF Yield	4.98%	4.29%	4.01%	2.99%