RECV3.SA 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	3.58B EUR	2.92B EUR	4.11B EUR	3.32B EUR
Enterprise Value	5.13B EUR	5.8B EUR	7.06B EUR	6.22B EUR
Valuation Multiples
Trailing P/E	7.19x	5.86x	7.69x	8.07x
Forward P/E	7.45x	--	--	--
Price to Sales	1.2x	0.98x	1.38x	1.44x
Price to Book	0.81x	0.66x	0.98x	0.77x
EV/Revenue	1.72x	1.95x	2.37x	2.71x
EV/EBITDA	3.83x	4.3x	5.42x	6.03x
Price to FCF (P/FCF)	--	--	--	--
EV/FCF	--	--	--	--
FCF Yield	-8.79%	-3.02%	-6.37%	-10.32%