BFC 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	1.61B EUR	1.64B EUR	1.52B EUR	1.2B EUR
Enterprise Value	1.48B EUR	1.48B EUR	1.24B EUR	1.08B EUR
Valuation Multiples
Trailing P/E	18.91x	20.28x	20.69x	22.5x
Forward P/E	12.19x	--	--	--
Price to Sales	7.42x	7.66x	7.93x	9.35x
Price to Book	1.97x	2.01x	1.85x	1.86x
EV/Revenue	6.81x	6.9x	6.5x	8.4x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	38.6x	50.3x	25.48x
EV/FCF	--	34.8x	41.21x	22.9x
FCF Yield	--	2.59%	1.99%	3.93%