BZH 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	891.37M EUR	766.63M EUR	545.1M EUR	598.11M EUR
Enterprise Value	2.17B EUR	2.08B EUR	1.68B EUR	1.63B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	21.98x	--	--	--
Price to Sales	0.43x	0.37x	0.26x	0.35x
Price to Book	0.77x	0.67x	0.47x	0.5x
EV/Revenue	1.04x	1x	0.8x	0.96x
EV/EBITDA	-210.39x	--	--	433.03x
Price to FCF (P/FCF)	--	--	--	369.2x
EV/FCF	--	--	--	1,005.86x
FCF Yield	-15.18%	-20%	-12.78%	0.27%