BDT.TO 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	4.46B EUR	3.59B EUR	2.21B EUR	1.58B EUR
Enterprise Value	4.55B EUR	3.94B EUR	2.54B EUR	1.87B EUR
Valuation Multiples
Trailing P/E	75.24x	60.35x	44.64x	41.54x
Forward P/E	20.86x	--	--	--
Price to Sales	1.22x	0.98x	0.64x	0.59x
Price to Book	9.87x	7.94x	5.11x	3.66x
EV/Revenue	1.25x	1.08x	0.73x	0.7x
EV/EBITDA	38.7x	16.13x	11.23x	9.92x
Price to FCF (P/FCF)	14.5x	13.68x	17.23x	12.34x
EV/FCF	14.79x	15.02x	19.87x	14.59x
FCF Yield	6.9%	7.31%	5.8%	8.11%