KYIV 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	2.79B EUR	3.73B EUR	2.34B EUR	3B EUR
Enterprise Value	2.87B EUR	3.91B EUR	2.51B EUR	3.06B EUR
Valuation Multiples
Trailing P/E	17.29x	22.9x	13.91x	36.1x
Forward P/E	0.19x	--	--	--
Price to Sales	2.18x	2.92x	1.91x	3.32x
Price to Book	2.02x	2.7x	1.74x	2.31x
EV/Revenue	2.24x	3.06x	2.05x	3.39x
EV/EBITDA	4.7x	5.56x	3.59x	5.85x
Price to FCF (P/FCF)	8.93x	13.68x	9.42x	19.85x
EV/FCF	9.16x	14.33x	10.12x	20.25x
FCF Yield	11.2%	7.31%	10.61%	5.04%