BTDR 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	2.62B EUR	4.31B EUR	2.04B EUR	2.64B EUR
Enterprise Value	4.13B EUR	5.81B EUR	3.81B EUR	3.59B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	-25.85x	--	--	--
Price to Sales	3.22x	5.31x	2.76x	4.8x
Price to Book	2.37x	3.91x	2.79x	3.04x
EV/Revenue	5.09x	7.15x	5.15x	6.53x
EV/EBITDA	8.22x	84.39x	27.49x	13.24x
Price to FCF (P/FCF)	97.02x	--	--	--
EV/FCF	153.21x	--	--	--
FCF Yield	1.03%	-48.58%	-104.01%	-63.57%