1810.SR 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	5.2B EUR	5.76B EUR	5.97B EUR	8.1B EUR
Enterprise Value	6.32B EUR	6.92B EUR	7.65B EUR	9.66B EUR
Valuation Multiples
Trailing P/E	40.43x	44.77x	116.09x	869.07x
Forward P/E	13.67x	--	--	--
Price to Sales	1.1x	1.21x	1.27x	2.24x
Price to Book	0.88x	0.98x	1.03x	1.41x
EV/Revenue	1.33x	1.46x	1.63x	2.67x
EV/EBITDA	7.84x	6.65x	8.34x	14.35x
Price to FCF (P/FCF)	7.41x	30.23x	--	41.55x
EV/FCF	9x	36.31x	--	49.52x
FCF Yield	13.5%	3.31%	-0.95%	2.41%