ADEN.TO 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	844.96M EUR	931.89M EUR	815.24M EUR	824.32M EUR
Enterprise Value	1.47B EUR	1.54B EUR	1.42B EUR	1.4B EUR
Valuation Multiples
Trailing P/E	9.27x	13.75x	12.29x	12.82x
Forward P/E	7.85x	--	--	--
Price to Sales	0.37x	0.41x	0.36x	0.48x
Price to Book	0.86x	1.35x	1.22x	1.23x
EV/Revenue	0.64x	0.68x	0.62x	0.82x
EV/EBITDA	10.65x	8.28x	7.72x	9.38x
Price to FCF (P/FCF)	7.33x	6.46x	4.71x	4.51x
EV/FCF	12.73x	10.71x	8.18x	7.65x
FCF Yield	13.64%	15.47%	21.23%	22.16%