VOLCAR-B.ST 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	42.88B EUR	55.84B EUR	62.05B EUR	91.01B EUR
Enterprise Value	47.38B EUR	53.18B EUR	50.38B EUR	69.6B EUR
Valuation Multiples
Trailing P/E	4.59x	13.44x	--	--
Forward P/E	--	--	--	--
Price to Sales	0.13x	0.23x	0.24x	0.34x
Price to Book	0.28x	0.37x	0.41x	0.62x
EV/Revenue	0.14x	0.22x	0.19x	0.26x
EV/EBITDA	2.11x	2.23x	4.01x	5.95x
Price to FCF (P/FCF)	--	--	23.5x	120.55x
EV/FCF	--	--	19.08x	92.18x
FCF Yield	-35.09%	-16.85%	4.25%	0.83%