HALO 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	12.53B EUR	8.93B EUR	7.66B EUR	7.93B EUR
Enterprise Value	14.41B EUR	10.91B EUR	9.5B EUR	9.94B EUR
Valuation Multiples
Trailing P/E	32.29x	21.58x	21.96x	39.87x
Forward P/E	10.39x	--	--	--
Price to Sales	7.53x	5.37x	5.08x	7x
Price to Book	87.7x	62.18x	34.88x	162.39x
EV/Revenue	8.66x	6.56x	6.29x	8.78x
EV/EBITDA	13.72x	10.43x	10.03x	13.64x
Price to FCF (P/FCF)	37.15x	17.22x	20.16x	38.94x
EV/FCF	42.73x	21.04x	24.99x	48.81x
FCF Yield	2.69%	5.81%	4.96%	2.57%