OPAD 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	13.1M EUR	23.87M EUR	3.1M EUR	4.5M EUR
Enterprise Value	93.88M EUR	91.75M EUR	43.85M EUR	71.79M EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	-0.76x	--	--	--
Price to Sales	0.03x	0.06x	0.01x	0.01x
Price to Book	0.35x	0.64x	0.07x	0.12x
EV/Revenue	0.23x	0.23x	0.09x	0.18x
EV/EBITDA	-3.1x	--	--	--
Price to FCF (P/FCF)	0.14x	0.32x	0.04x	0.06x
EV/FCF	0.97x	1.25x	0.51x	0.93x
FCF Yield	736.94%	308.31%	2,774.3%	1,707.97%