SRCE 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	2.02B EUR	1.96B EUR	1.67B EUR	1.52B EUR
Enterprise Value	2.26B EUR	2.13B EUR	1.83B EUR	1.65B EUR
Valuation Multiples
Trailing P/E	12.05x	11.49x	10.37x	12.61x
Forward P/E	11.34x	--	--	--
Price to Sales	4.56x	4.34x	3.76x	4.62x
Price to Book	1.54x	1.5x	1.3x	1.19x
EV/Revenue	5.1x	4.7x	4.13x	5.02x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	9.44x	8.26x	10.59x
EV/FCF	--	10.22x	9.06x	11.51x
FCF Yield	--	10.59%	12.11%	9.44%