HZO 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	1.16B EUR	808.82M EUR	596.06M EUR	533.7M EUR
Enterprise Value	2.1B EUR	1.74B EUR	1.61B EUR	1.59B EUR
Valuation Multiples
Trailing P/E	327.31x	202.91x	--	--
Forward P/E	33.26x	--	--	--
Price to Sales	0.53x	0.37x	0.27x	0.31x
Price to Book	1.21x	0.85x	0.64x	0.57x
EV/Revenue	0.96x	0.79x	0.72x	0.93x
EV/EBITDA	18.33x	14.82x	14.95x	18.9x
Price to FCF (P/FCF)	6.31x	4.54x	3.52x	4.28x
EV/FCF	11.48x	9.8x	9.52x	12.76x
FCF Yield	15.85%	22.01%	28.41%	23.39%