IRPC-R.BK 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	60.01B EUR	27.15B EUR	27.15B EUR	21.02B EUR
Enterprise Value	100.12B EUR	67.17B EUR	60.51B EUR	62.06B EUR
Valuation Multiples
Trailing P/E	5.55x	2.65x	5.24x	--
Forward P/E	--	--	--	--
Price to Sales	0.2x	0.12x	0.13x	0.1x
Price to Book	0.78x	0.35x	0.37x	0.32x
EV/Revenue	0.33x	0.29x	0.28x	0.3x
EV/EBITDA	4.1x	3x	3.48x	19.1x
Price to FCF (P/FCF)	2.93x	1.68x	1.17x	1.6x
EV/FCF	4.89x	4.16x	2.6x	4.73x
FCF Yield	34.09%	59.53%	85.69%	62.46%