OTF 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	4.29B EUR	4.74B EUR	5.71B EUR	6.75B EUR
Enterprise Value	11.25B EUR	11.68B EUR	12.13B EUR	12.75B EUR
Valuation Multiples
Trailing P/E	11.7x	33.79x	30.49x	13.9x
Forward P/E	6.83x	--	--	--
Price to Sales	3.28x	25.1x	24.33x	12.73x
Price to Book	0.57x	0.63x	0.75x	0.84x
EV/Revenue	8.6x	61.9x	51.66x	24.06x
EV/EBITDA	--	--	41.37x	30.27x
Price to FCF (P/FCF)	10.13x	--	--	--
EV/FCF	26.58x	--	--	--
FCF Yield	9.87%	-36.33%	-31.75%	-15.93%