UVRBF 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	1.91B EUR	2.13B EUR	2.52B EUR	2.14B EUR
Enterprise Value	16.67B EUR	15.44B EUR	12.18B EUR	17.06B EUR
Valuation Multiples
Trailing P/E	11.25x	0.25x	0.32x	0.27x
Forward P/E	0.15x	--	--	--
Price to Sales	0.01x	0.02x	0.02x	0.02x
Price to Book	0.94x	0.02x	0.02x	0.02x
EV/Revenue	0.1x	0.12x	0.09x	0.13x
EV/EBITDA	0.78x	0.95x	0.75x	1.07x
Price to FCF (P/FCF)	0.14x	0.21x	0.26x	0.43x
EV/FCF	1.25x	1.53x	1.27x	3.45x
FCF Yield	702.31%	473.56%	381.35%	231.25%