UTDI.F 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	3.98B EUR	4.13B EUR	4.69B EUR	4.77B EUR
Enterprise Value	9.26B EUR	7.68B EUR	8.03B EUR	9.23B EUR
Valuation Multiples
Trailing P/E	14.66x	13.4x	16.05x	20.61x
Forward P/E	10.5x	--	--	--
Price to Sales	0.64x	0.69x	0.78x	1.06x
Price to Book	0.85x	0.89x	0.99x	1.02x
EV/Revenue	1.49x	1.29x	1.33x	2.06x
EV/EBITDA	8.8x	5.25x	5.57x	8.84x
Price to FCF (P/FCF)	--	6.77x	6.91x	7.52x
EV/FCF	--	12.58x	11.82x	14.56x
FCF Yield	-3.51%	14.78%	14.48%	13.3%