NVCR 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	1.7B EUR	1.76B EUR	1.26B EUR	1.45B EUR
Enterprise Value	1.45B EUR	1.9B EUR	1.41B EUR	1.61B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	-18.08x	--	--	--
Price to Sales	2.43x	2.52x	1.87x	2.91x
Price to Book	5.02x	5.22x	3.82x	4.27x
EV/Revenue	2.07x	2.72x	2.09x	3.22x
EV/EBITDA	-10.62x	--	--	--
Price to FCF (P/FCF)	74.58x	--	--	--
EV/FCF	63.64x	--	--	--
FCF Yield	1.34%	-1.44%	-3.81%	-2.02%