CIG 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	6.87B EUR	6.01B EUR	6.84B EUR	5.72B EUR
Enterprise Value	26.42B EUR	26.59B EUR	6.84B EUR	23.7B EUR
Valuation Multiples
Trailing P/E	7.74x	1.31x	1.41x	1.48x
Forward P/E	16x	--	--	--
Price to Sales	0.16x	0.14x	0.16x	0.17x
Price to Book	1.23x	0.21x	--	0.2x
EV/Revenue	0.6x	0.61x	0.16x	0.72x
EV/EBITDA	3.35x	3.15x	0.79x	3.37x
Price to FCF (P/FCF)	--	5.83x	6.63x	8.93x
EV/FCF	--	25.81x	6.63x	37x
FCF Yield	-46.33%	17.15%	15.07%	11.2%