FVI.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	4.61B EUR	3.55B EUR	4.21B EUR	4.11B EUR
Enterprise Value	4.14B EUR	3.18B EUR	3.76B EUR	3.77B EUR
Valuation Multiples
Trailing P/E	9.61x	9.38x	12.39x	17.96x
Forward P/E	6.36x	--	--	--
Price to Sales	3.9x	3x	3.85x	5.47x
Price to Book	1.83x	2.01x	2.38x	2.45x
EV/Revenue	3.5x	2.69x	3.43x	5.01x
EV/EBITDA	5.52x	4.05x	5.32x	6.51x
Price to FCF (P/FCF)	12.65x	5.79x	7.49x	21.77x
EV/FCF	11.37x	5.18x	6.68x	19.95x
FCF Yield	7.91%	17.26%	13.36%	4.59%