NCKL.JK 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	54.17T EUR	49.13T EUR	68.34T EUR
Enterprise Value	67.17T EUR	53.16T EUR	71.87T EUR
Valuation Multiples
Trailing P/E	5.08x	4.56x	7.33x
Forward P/E	7.69x	--	--
Price to Sales	1.66x	1.57x	2.43x
Price to Book	1.23x	1.12x	1.63x
EV/Revenue	2.06x	1.7x	2.55x
EV/EBITDA	6.82x	3.72x	5.6x
Price to FCF (P/FCF)	21.11x	17.83x	14.65x
EV/FCF	26.18x	19.29x	15.4x
FCF Yield	4.74%	5.61%	6.83%