ALRS 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	774.5M EUR	777.06M EUR	597.83M EUR	572.15M EUR
Enterprise Value	1.12B EUR	1.12B EUR	770.8M EUR	909.22M EUR
Valuation Multiples
Trailing P/E	28.77x	28.04x	22.06x	138.7x
Forward P/E	11.06x	--	--	--
Price to Sales	3.2x	3.32x	2.63x	3.75x
Price to Book	1.33x	1.33x	1.04x	1.01x
EV/Revenue	4.65x	4.77x	3.39x	5.96x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	8.7x	7.57x	10.76x
EV/FCF	--	12.48x	9.76x	17.1x
FCF Yield	--	11.49%	13.21%	9.29%