VECO Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	3.2B EUR	2.07B EUR	1.73B EUR
Enterprise Value	2.98B EUR	2.15B EUR	1.82B EUR
Valuation Multiples
Trailing P/E	141.3x	89.39x	48.77x
Forward P/E	17.99x	--	--
Price to Sales	4.68x	3.15x	2.6x
Price to Book	3.54x	2.34x	1.95x
EV/Revenue	4.36x	3.28x	2.75x
EV/EBITDA	60.42x	40.02x	26.62x
Price to FCF (P/FCF)	44.51x	48.19x	32.39x
EV/FCF	41.46x	50.1x	34.23x
FCF Yield	2.25%	2.08%	3.09%