SSP 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	265.03M EUR	256.69M EUR	340.53M EUR	355.17M EUR
Enterprise Value	3.3B EUR	2.85B EUR	2.92B EUR	3.04B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	-2.86x	--	--	--
Price to Sales	0.13x	0.12x	0.16x	0.22x
Price to Book	--	2.55x	0.27x	0.29x
EV/Revenue	1.58x	1.36x	1.36x	1.87x
EV/EBITDA	12.33x	12.2x	12.6x	17.49x
Price to FCF (P/FCF)	2.87x	7.33x	22.35x	23.86x
EV/FCF	35.69x	81.28x	191.58x	204.14x
FCF Yield	34.86%	13.65%	4.47%	4.19%