MNKD 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	1.06B EUR	1.32B EUR	756.82M EUR	1.75B EUR
Enterprise Value	1.42B EUR	1.6B EUR	1.03B EUR	2.04B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	25.8x	--	--	--
Price to Sales	2.69x	3.35x	2.1x	6.45x
Price to Book	--	--	--	--
EV/Revenue	3.61x	4.06x	2.87x	7.53x
EV/EBITDA	72.81x	62.27x	26.71x	56.28x
Price to FCF (P/FCF)	26.24x	--	57.55x	85.58x
EV/FCF	35.29x	--	78.7x	99.92x
FCF Yield	3.81%	-1.37%	1.74%	1.17%