INDI Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	602.7M EUR	916.4M EUR	673.33M EUR
Enterprise Value	886.43M EUR	1.21B EUR	929.8M EUR
Valuation Multiples
Trailing P/E	--	--	--
Forward P/E	31.49x	--	--
Price to Sales	2.61x	3.96x	3.08x
Price to Book	1.89x	3.11x	2.07x
EV/Revenue	3.84x	5.23x	4.25x
EV/EBITDA	-8.72x	--	--
Price to FCF (P/FCF)	--	--	--
EV/FCF	--	--	--
FCF Yield	-2.93%	-9.14%	-9.71%