ALTO 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	288.94M EUR	442.19M EUR	377.26M EUR	222.65M EUR
Enterprise Value	348.31M EUR	501.16M EUR	448.22M EUR	296.83M EUR
Valuation Multiples
Trailing P/E	5.48x	8.51x	12.88x	8.9x
Forward P/E	11.29x	--	--	--
Price to Sales	0.31x	0.47x	0.41x	0.32x
Price to Book	1.11x	1.7x	1.51x	0.91x
EV/Revenue	0.37x	0.53x	0.49x	0.43x
EV/EBITDA	5.6x	6.28x	7.75x	6.59x
Price to FCF (P/FCF)	12.81x	8.85x	12.28x	8.12x
EV/FCF	15.44x	10.03x	14.59x	10.83x
FCF Yield	7.81%	11.29%	8.14%	12.31%