NCGB.F 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	1.51B EUR	1.67B EUR	1.78B EUR
Enterprise Value	--	6.85B EUR	5.52B EUR
Valuation Multiples
Trailing P/E	219.29x	167.31x	--
Forward P/E	--	--	--
Price to Sales	--	0.03x	0.03x
Price to Book	0.18x	0.23x	0.24x
EV/Revenue	--	0.13x	0.11x
EV/EBITDA	--	3.8x	5.43x
Price to FCF (P/FCF)	1.58x	29.88x	3.28x
EV/FCF	--	122.25x	10.15x
FCF Yield	63.17%	3.35%	30.53%