RDN 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	4.49B EUR	5.03B EUR	4.46B EUR	4.88B EUR
Enterprise Value	5.15B EUR	6.18B EUR	5.71B EUR	5.98B EUR
Valuation Multiples
Trailing P/E	8.38x	9.38x	7.93x	11.13x
Forward P/E	6.5x	--	--	--
Price to Sales	2.72x	3.08x	3.29x	5.49x
Price to Book	0.94x	1.05x	0.93x	1.02x
EV/Revenue	3.12x	3.79x	4.21x	6.73x
EV/EBITDA	5.71x	--	--	--
Price to FCF (P/FCF)	14.54x	3.62x	13.39x	99.64x
EV/FCF	16.69x	4.44x	17.13x	122.25x
FCF Yield	6.88%	27.64%	7.47%	1%