SM.V 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	402.33M EUR	281.36M EUR	348.25M EUR	320.28M EUR
Enterprise Value	380.17M EUR	259.2M EUR	341.51M EUR	311.98M EUR
Valuation Multiples
Trailing P/E	22x	35.62x	42.8x	41.07x
Forward P/E	7.23x	--	--	--
Price to Sales	12.35x	8.5x	11.37x	15.61x
Price to Book	2.64x	2.65x	6.32x	6.54x
EV/Revenue	11.67x	7.83x	11.15x	15.21x
EV/EBITDA	65.45x	43.28x	52.41x	69.83x
Price to FCF (P/FCF)	--	--	--	--
EV/FCF	--	--	--	--
FCF Yield	-7.24%	-9.45%	-0.13%	-0.46%