CMTL Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.04.2026	Q1 '26 31.01.2026	Q4 '25 31.10.2025
Market & Enterprise Value
Market Cap	35.35M EUR	105.3M EUR	165M EUR	84.09M EUR
Enterprise Value	469.12M EUR	328.28M EUR	384.79M EUR	298.75M EUR
Valuation Multiples
Trailing P/E	--	--	13.38x	3.24x
Forward P/E	-1.59x	--	--	--
Price to Sales	0.08x	0.23x	0.35x	0.23x
Price to Book	0.67x	0.4x	0.62x	0.3x
EV/Revenue	1.03x	0.72x	0.81x	0.81x
EV/EBITDA	12.68x	11.11x	11.86x	11.87x
Price to FCF (P/FCF)	0.77x	6.86x	11.37x	5.98x
EV/FCF	10.28x	21.39x	26.51x	21.23x
FCF Yield	129.07%	14.57%	8.8%	16.73%