ESI.TO 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	676.48M EUR	612.13M EUR	669.05M EUR	466.03M EUR
Enterprise Value	1.62B EUR	1.55B EUR	1.62B EUR	1.42B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	35.46x	--	--	--
Price to Sales	0.41x	0.37x	0.41x	0.39x
Price to Book	0.52x	0.47x	0.52x	0.36x
EV/Revenue	0.98x	0.94x	1x	1.18x
EV/EBITDA	4.47x	4.19x	4.42x	5.04x
Price to FCF (P/FCF)	6.22x	7.68x	6.69x	3.88x
EV/FCF	14.88x	19.52x	16.24x	11.81x
FCF Yield	16.09%	13.02%	14.95%	25.74%