STNG 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	4.26B EUR	3.47B EUR	3.86B EUR	2.63B EUR
Enterprise Value	2.9B EUR	2.36B EUR	3.46B EUR	2.5B EUR
Valuation Multiples
Trailing P/E	5.3x	4.25x	7.69x	9.2x
Forward P/E	13.88x	--	--	--
Price to Sales	3.51x	2.85x	3.73x	3.63x
Price to Book	1.26x	0.95x	1.13x	0.82x
EV/Revenue	2.39x	1.94x	3.34x	3.45x
EV/EBITDA	4.15x	3.03x	5.73x	6.25x
Price to FCF (P/FCF)	15.68x	5.29x	8.33x	6.97x
EV/FCF	10.66x	3.6x	7.46x	6.62x
FCF Yield	6.38%	18.89%	12%	14.35%