CHDN 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	5.57B EUR	6.25B EUR	6.26B EUR	7.92B EUR
Enterprise Value	10.02B EUR	10.83B EUR	11B EUR	12.86B EUR
Valuation Multiples
Trailing P/E	13.65x	15.11x	16.08x	25.85x
Forward P/E	10.83x	--	--	--
Price to Sales	1.86x	2.09x	2.13x	3.47x
Price to Book	4.17x	4.66x	5.71x	7.84x
EV/Revenue	3.35x	3.62x	3.73x	5.63x
EV/EBITDA	10.11x	9.28x	9.66x	14.38x
Price to FCF (P/FCF)	40.18x	16.33x	16.54x	55.53x
EV/FCF	72.23x	28.31x	29.05x	90.16x
FCF Yield	2.49%	6.12%	6.05%	1.8%