BZ7A.F 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	4.04B EUR	3.83B EUR	3.31B EUR	3.34B EUR
Enterprise Value	-3.23B EUR	24.82M EUR	-511.75M EUR	-4.15B EUR
Valuation Multiples
Trailing P/E	20.42x	0.5x	0.44x	0.58x
Forward P/E	--	--	--	--
Price to Sales	0.16x	0.15x	0.13x	0.18x
Price to Book	5.35x	0.14x	0.1x	0.11x
EV/Revenue	-0.13x	0x	-0.02x	-0.22x
EV/EBITDA	-0.32x	0x	-0.05x	-0.52x
Price to FCF (P/FCF)	1.59x	0.89x	0.69x	0.75x
EV/FCF	-1.27x	0.01x	-0.11x	-0.94x
FCF Yield	62.78%	111.99%	144.9%	132.6%