SGHC 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	5.74B EUR	6.88B EUR	5.49B EUR	6.05B EUR
Enterprise Value	5.41B EUR	6.44B EUR	5.17B EUR	5.61B EUR
Valuation Multiples
Trailing P/E	15.9x	18.61x	22.22x	37.78x
Forward P/E	13.02x	--	--	--
Price to Sales	2.36x	2.83x	2.36x	3.53x
Price to Book	6.9x	8.27x	7.53x	7.53x
EV/Revenue	2.22x	2.65x	2.22x	3.27x
EV/EBITDA	9.34x	10.38x	9.45x	14x
Price to FCF (P/FCF)	19.59x	35.67x	--	62.32x
EV/FCF	18.46x	33.39x	--	57.87x
FCF Yield	5.11%	2.8%	-1.77%	1.6%