FPS 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	12.77B EUR	14.52B EUR	7.15B EUR	--
Enterprise Value	11.64B EUR	15.13B EUR	7.76B EUR	--
Valuation Multiples
Trailing P/E	133.43x	176.67x	1,436.54x	--
Forward P/E	19.84x	--	--	--
Price to Sales	8.99x	10.23x	5.97x	--
Price to Book	18.44x	25.73x	16x	--
EV/Revenue	8.2x	10.65x	6.49x	--
EV/EBITDA	46.71x	61.14x	60.63x	--
Price to FCF (P/FCF)	--	--	--	--
EV/FCF	--	--	--	--
FCF Yield	-0.69%	-0.05%	-1.37%	--