HAFC 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	912.6M EUR	960.67M EUR	785.7M EUR	808.06M EUR
Enterprise Value	755.79M EUR	760.24M EUR	662.28M EUR	875.68M EUR
Valuation Multiples
Trailing P/E	10.58x	10.75x	9.7x	13.83x
Forward P/E	9.09x	--	--	--
Price to Sales	3.28x	3.36x	2.82x	3.9x
Price to Book	1.11x	1.18x	0.98x	1.01x
EV/Revenue	2.72x	2.66x	2.37x	4.22x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	4.57x	3.91x	4.55x
EV/FCF	--	3.62x	3.3x	4.93x
FCF Yield	--	21.87%	25.58%	21.98%