STVN 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	5.3B EUR	4.94B EUR	3.75B EUR	5.49B EUR
Enterprise Value	5.61B EUR	5.3B EUR	4.09B EUR	5.83B EUR
Valuation Multiples
Trailing P/E	34.04x	36.67x	26.56x	48.47x
Forward P/E	23.25x	--	--	--
Price to Sales	4.32x	4.03x	3.12x	5.91x
Price to Book	3.04x	3.18x	2.45x	3.7x
EV/Revenue	4.58x	4.33x	3.4x	6.27x
EV/EBITDA	18.78x	20.13x	14.89x	25.08x
Price to FCF (P/FCF)	--	--	--	--
EV/FCF	--	--	--	--
FCF Yield	-1.98%	-0.62%	-0.33%	-0.31%