MBC 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	1.35B EUR	2.09B EUR	1.06B EUR	1.4B EUR
Enterprise Value	2.86B EUR	3.54B EUR	2.21B EUR	2.39B EUR
Valuation Multiples
Trailing P/E	--	--	--	104.8x
Forward P/E	27.54x	--	--	--
Price to Sales	0.48x	0.75x	0.4x	0.68x
Price to Book	0.68x	1.06x	0.81x	1.04x
EV/Revenue	1.03x	1.28x	0.82x	1.15x
EV/EBITDA	17.27x	35.41x	12.07x	14.52x
Price to FCF (P/FCF)	--	28.13x	85.09x	8.85x
EV/FCF	--	47.6x	176.45x	15.09x
FCF Yield	-1.81%	3.55%	1.18%	11.3%