UPBD 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	897.81M EUR	1.24B EUR	1.05B EUR	1.02B EUR
Enterprise Value	2.52B EUR	2.84B EUR	2.68B EUR	2.75B EUR
Valuation Multiples
Trailing P/E	10x	13.69x	12.5x	21x
Forward P/E	3.33x	--	--	--
Price to Sales	0.19x	0.26x	0.22x	0.29x
Price to Book	1.22x	1.69x	1.47x	1.46x
EV/Revenue	0.53x	0.6x	0.57x	0.78x
EV/EBITDA	5.27x	1.62x	1.52x	2.11x
Price to FCF (P/FCF)	0.57x	3.48x	4.11x	10.04x
EV/FCF	1.61x	7.98x	10.48x	27.18x
FCF Yield	174.67%	28.77%	24.31%	9.96%