CAI.VI 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	1.93B EUR	2.08B EUR	2.25B EUR	2.11B EUR
Enterprise Value	3.49B EUR	3.64B EUR	3.88B EUR	3.83B EUR
Valuation Multiples
Trailing P/E	13.39x	13.73x	12.58x	13.05x
Forward P/E	15.2x	--	--	--
Price to Sales	7.05x	7.64x	7.92x	9.91x
Price to Book	0.8x	0.86x	0.88x	0.82x
EV/Revenue	12.78x	13.36x	13.68x	17.95x
EV/EBITDA	23.6x	26.46x	21.94x	25.75x
Price to FCF (P/FCF)	5x	15.42x	13.93x	16.2x
EV/FCF	9.06x	26.98x	24.08x	29.34x
FCF Yield	20.02%	6.48%	7.18%	6.17%