HPP 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	649.6M EUR	824.32M EUR	320.57M EUR	587.28M EUR
Enterprise Value	4.95B EUR	4.48B EUR	3.94B EUR	4.21B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	-4.24x	--	--	--
Price to Sales	0.8x	1.01x	0.39x	0.93x
Price to Book	0.27x	0.29x	0.11x	0.2x
EV/Revenue	6.09x	5.51x	4.84x	6.66x
EV/EBITDA	15.61x	12.72x	11.53x	15.43x
Price to FCF (P/FCF)	1.99x	7.34x	2.83x	8.03x
EV/FCF	15.18x	39.93x	34.72x	57.59x
FCF Yield	50.17%	13.62%	35.39%	12.45%