FDR.MC Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	3.22B EUR	3.76B EUR	3.75B EUR
Enterprise Value	4.38B EUR	4.87B EUR	5.05B EUR
Valuation Multiples
Trailing P/E	19.49x	16.61x	19.38x
Forward P/E	11x	--	--
Price to Sales	1.4x	1.55x	1.64x
Price to Book	2x	2.31x	2.26x
EV/Revenue	1.91x	2x	2.21x
EV/EBITDA	12.27x	8.03x	9.79x
Price to FCF (P/FCF)	10.84x	10.5x	--
EV/FCF	14.73x	13.6x	--
FCF Yield	9.23%	9.52%	-0.79%