VIST 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	7.33B EUR	7.11B EUR	7.94B EUR	5.08B EUR
Enterprise Value	10.82B EUR	10.75B EUR	11.47B EUR	8.04B EUR
Valuation Multiples
Trailing P/E	8.76x	8.45x	10.67x	7.98x
Forward P/E	6.68x	--	--	--
Price to Sales	2.08x	2.02x	2.74x	2.49x
Price to Book	2.21x	2.13x	3.05x	2.02x
EV/Revenue	3.07x	3.05x	3.95x	3.95x
EV/EBITDA	5.04x	5x	6.75x	6.34x
Price to FCF (P/FCF)	59.51x	24.62x	--	--
EV/FCF	87.86x	37.21x	--	--
FCF Yield	1.68%	4.06%	-8.84%	-8.85%