FLL 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	44.34M EUR	102.21M EUR	81.52M EUR	94.3M EUR
Enterprise Value	537.89M EUR	595.4M EUR	582.03M EUR	585.24M EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	-2.95x	--	--	--
Price to Sales	0.14x	0.33x	0.27x	0.41x
Price to Book	--	--	--	37.16x
EV/Revenue	1.76x	1.95x	1.93x	2.57x
EV/EBITDA	10.84x	12.71x	13.04x	18.06x
Price to FCF (P/FCF)	2.12x	25.8x	106.7x	12.94x
EV/FCF	25.71x	150.28x	761.82x	80.31x
FCF Yield	47.18%	3.88%	0.94%	7.73%