ANDG 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	1.05B EUR	4.26B EUR	3.03B EUR	2.9B EUR
Enterprise Value	1.81B EUR	4.5B EUR	3.27B EUR	3.11B EUR
Valuation Multiples
Trailing P/E	18.51x	127.17x	--	--
Forward P/E	24.88x	--	--	--
Price to Sales	1.15x	4.66x	3.48x	4.6x
Price to Book	--	--	--	--
EV/Revenue	1.98x	4.93x	3.76x	4.93x
EV/EBITDA	13.38x	30.46x	67.4x	159.31x
Price to FCF (P/FCF)	7.71x	25.41x	19.44x	17.7x
EV/FCF	13.24x	26.83x	20.99x	18.99x
FCF Yield	12.97%	3.94%	5.14%	5.65%