MRDS.QA Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	523M EUR	565M EUR	540M EUR
Enterprise Value	1.73B EUR	1.77B EUR	1.84B EUR
Valuation Multiples
Trailing P/E	10.46x	11.03x	10.61x
Forward P/E	--	--	--
Price to Sales	1.9x	2.02x	3.51x
Price to Book	0.5x	0.54x	0.53x
EV/Revenue	6.29x	6.31x	11.93x
EV/EBITDA	13.46x	15.93x	20.17x
Price to FCF (P/FCF)	--	14.42x	4.23x
EV/FCF	--	45.15x	14.4x
FCF Yield	-9.61%	6.94%	23.63%