TAWNF 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	5.01B EUR	5.31B EUR	5.26B EUR	6.1B EUR
Enterprise Value	6.99B EUR	60.43B EUR	39.84B EUR	45.19B EUR
Valuation Multiples
Trailing P/E	8.31x	0.26x	0.17x	0.29x
Forward P/E	--	--	--	--
Price to Sales	0.03x	0.03x	0.03x	0.05x
Price to Book	1.93x	0.06x	0.06x	0.08x
EV/Revenue	0.04x	0.32x	0.22x	0.34x
EV/EBITDA	0.22x	1.24x	0.74x	1.24x
Price to FCF (P/FCF)	0.51x	0.48x	0.28x	0.54x
EV/FCF	0.71x	5.42x	2.13x	4.01x
FCF Yield	197.13%	209.97%	355.12%	184.68%