SPT 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	666.51M EUR	457.41M EUR	342.47M EUR	671.21M EUR
Enterprise Value	597.31M EUR	383.36M EUR	277.41M EUR	630.66M EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	7.14x	--	--	--
Price to Sales	1.38x	0.95x	0.73x	1.93x
Price to Book	2.92x	2x	1.59x	3.3x
EV/Revenue	1.24x	0.8x	0.59x	1.81x
EV/EBITDA	-42.35x	--	--	--
Price to FCF (P/FCF)	6.41x	9.08x	7.33x	29.73x
EV/FCF	5.74x	7.61x	5.94x	27.94x
FCF Yield	15.6%	11.01%	13.63%	3.36%