TWI 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	448.57M EUR	497.18M EUR	444.4M EUR	500.74M EUR
Enterprise Value	985.73M EUR	1.03B EUR	1.01B EUR	1.01B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	23.97x	--	--	--
Price to Sales	0.24x	0.27x	0.24x	0.37x
Price to Book	0.89x	0.99x	0.9x	0.97x
EV/Revenue	0.53x	0.55x	0.55x	0.75x
EV/EBITDA	10.39x	9.76x	9.91x	14.36x
Price to FCF (P/FCF)	14.36x	--	--	17.25x
EV/FCF	31.55x	--	--	34.75x
FCF Yield	6.96%	-1.72%	-6.92%	5.8%