BLLN Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	4.63B EUR	5.62B EUR	3.63B EUR
Enterprise Value	4.1B EUR	5.21B EUR	3.24B EUR
Valuation Multiples
Trailing P/E	155.7x	148.98x	123.41x
Forward P/E	66.05x	--	--
Price to Sales	11.65x	14.14x	10.24x
Price to Book	8.56x	10.47x	7.18x
EV/Revenue	10.31x	13.12x	9.13x
EV/EBITDA	81.56x	103.76x	76.86x
Price to FCF (P/FCF)	384.62x	169.57x	137.73x
EV/FCF	340.48x	157.35x	122.81x
FCF Yield	0.26%	0.59%	0.73%