AVD 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	47.2M EUR	81.02M EUR	72.37M EUR	110.81M EUR
Enterprise Value	290.67M EUR	321.24M EUR	284.6M EUR	289.77M EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	4.1x	--	--	--
Price to Sales	0.09x	0.16x	0.14x	0.28x
Price to Book	0.26x	0.45x	0.38x	0.58x
EV/Revenue	0.57x	0.63x	0.54x	0.73x
EV/EBITDA	11.53x	10.88x	8.11x	10.18x
Price to FCF (P/FCF)	--	--	--	--
EV/FCF	--	--	--	--
FCF Yield	-51.14%	-58.28%	-56.19%	-3.83%