NMFC 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	635.66M EUR	677.22M EUR	741.66M EUR	945.3M EUR
Enterprise Value	1.93B EUR	1.96B EUR	2.02B EUR	2.54B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	6.41x	--	--	--
Price to Sales	2.21x	--	--	--
Price to Book	0.62x	0.66x	0.71x	0.8x
EV/Revenue	6.71x	--	--	--
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	9.02x	1.03x	1.1x	3.44x
EV/FCF	27.44x	2.97x	2.98x	9.22x
FCF Yield	11.09%	97.54%	91.21%	29.1%