AOUT Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q3 '26 31.07.2026	Q2 '26 30.04.2026	Q1 '26 31.01.2026	Q4 '25 31.10.2025
Market & Enterprise Value
Market Cap	208.25M EUR	155.92M EUR	117.24M EUR	112.88M EUR	86.76M EUR
Enterprise Value	204.46M EUR	154.65M EUR	128.19M EUR	135.26M EUR	116.78M EUR
Valuation Multiples
Trailing P/E	--	--	--	--	--
Forward P/E	21.43x	--	--	--	--
Price to Sales	1.05x	0.79x	0.62x	0.79x	1x
Price to Book	1.27x	0.95x	0.71x	0.68x	0.51x
EV/Revenue	1.03x	0.78x	0.67x	0.94x	1.34x
EV/EBITDA	18.4x	10.81x	12.48x	31.44x	64.59x
Price to FCF (P/FCF)	9.62x	8.45x	30.44x	--	--
EV/FCF	9.44x	8.38x	33.29x	--	--
FCF Yield	10.4%	11.84%	3.28%	-6.77%	-18.85%