GOAU4.SA 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	15.32B EUR	12.18B EUR	11.31B EUR	11.92B EUR
Enterprise Value	59.08B EUR	22.17B EUR	21.39B EUR	21.54B EUR
Valuation Multiples
Trailing P/E	19.3x	29.56x	58.66x	126.59x
Forward P/E	5.7x	--	--	--
Price to Sales	0.22x	0.24x	0.22x	0.23x
Price to Book	0.8x	0.63x	0.6x	0.62x
EV/Revenue	0.85x	0.43x	0.42x	0.42x
EV/EBITDA	6x	2.63x	2.81x	3.02x
Price to FCF (P/FCF)	5.73x	--	--	--
EV/FCF	22.11x	--	--	--
FCF Yield	17.45%	-5.11%	-10.13%	-14.63%