CDP 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	3.88B EUR	4.11B EUR	3.47B EUR	3.15B EUR
Enterprise Value	6.47B EUR	4.11B EUR	6.03B EUR	5.69B EUR
Valuation Multiples
Trailing P/E	23.25x	54x	30.33x	28.46x
Forward P/E	22.93x	--	--	--
Price to Sales	4.92x	10.32x	5.9x	5.47x
Price to Book	2.47x	--	2.29x	2.08x
EV/Revenue	8.21x	10.32x	10.26x	9.88x
EV/EBITDA	15.73x	19.38x	19.26x	18.77x
Price to FCF (P/FCF)	15.07x	24.68x	13.82x	13.93x
EV/FCF	25.14x	24.68x	24.03x	25.16x
FCF Yield	6.63%	4.05%	7.23%	7.18%