SPNT 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	2.9B EUR	2.79B EUR	2.5B EUR	2.56B EUR
Enterprise Value	2.92B EUR	2.85B EUR	2.32B EUR	2.52B EUR
Valuation Multiples
Trailing P/E	6.15x	5.51x	4.99x	6.43x
Forward P/E	9x	--	--	--
Price to Sales	0.97x	0.86x	0.77x	1.05x
Price to Book	1.27x	1.22x	1.08x	1.04x
EV/Revenue	0.97x	0.88x	0.72x	1.03x
EV/EBITDA	6.56x	--	--	--
Price to FCF (P/FCF)	14.2x	10.48x	7.49x	13.39x
EV/FCF	14.31x	10.7x	6.96x	13.16x
FCF Yield	7.04%	9.55%	13.34%	7.47%