VISN 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	1.4B EUR	2.94B EUR	4.1B EUR	4.05B EUR
Enterprise Value	1.32B EUR	2.84B EUR	1.61B EUR	10.57B EUR
Valuation Multiples
Trailing P/E	31.84x	0.4x	0.59x	2.7x
Forward P/E	8.69x	--	--	--
Price to Sales	0.7x	13.2x	18.06x	--
Price to Book	0.56x	1.17x	0.89x	14.74x
EV/Revenue	0.66x	12.73x	7.08x	--
EV/EBITDA	4.29x	--	--	--
Price to FCF (P/FCF)	266.4x	33.83x	18.14x	8.9x
EV/FCF	252.24x	32.63x	7.11x	23.23x
FCF Yield	0.38%	2.96%	5.51%	11.24%