ASC 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	786.67M EUR	572.32M EUR	622.24M EUR	431.35M EUR
Enterprise Value	782.21M EUR	559.16M EUR	680.13M EUR	513.37M EUR
Valuation Multiples
Trailing P/E	7.5x	5.24x	10.67x	12.41x
Forward P/E	6.79x	--	--	--
Price to Sales	2.14x	1.55x	1.92x	1.83x
Price to Book	1.13x	0.82x	0.95x	0.68x
EV/Revenue	2.12x	1.52x	2.1x	2.17x
EV/EBITDA	5.52x	3.95x	6.72x	7.77x
Price to FCF (P/FCF)	--	32.75x	--	--
EV/FCF	--	32x	--	--
FCF Yield	-1.64%	3.05%	-5.47%	-14.33%