UHT 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	522.17M EUR	609.59M EUR	561.54M EUR	544.02M EUR
Enterprise Value	907.44M EUR	997.87M EUR	943.67M EUR	923.37M EUR
Valuation Multiples
Trailing P/E	27.03x	31.64x	31.46x	42.4x
Forward P/E	--	--	--	--
Price to Sales	5.16x	6.14x	5.66x	7.29x
Price to Book	3.63x	4.24x	3.8x	3.57x
EV/Revenue	8.97x	10.05x	9.52x	12.37x
EV/EBITDA	13.8x	15.14x	14.43x	18.79x
Price to FCF (P/FCF)	11.34x	12.66x	11.36x	14.51x
EV/FCF	19.71x	20.72x	19.09x	24.64x
FCF Yield	8.82%	7.9%	8.8%	6.89%