CNMD 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	1.33B EUR	986.6M EUR	1.07B EUR	1.26B EUR
Enterprise Value	2.15B EUR	1.78B EUR	1.89B EUR	2.05B EUR
Valuation Multiples
Trailing P/E	24.01x	17.46x	19.43x	30.65x
Forward P/E	9.29x	--	--	--
Price to Sales	0.97x	0.72x	0.78x	1.19x
Price to Book	1.28x	0.95x	1.05x	1.22x
EV/Revenue	1.57x	1.3x	1.38x	1.95x
EV/EBITDA	9.44x	9.46x	10.14x	14.42x
Price to FCF (P/FCF)	10.13x	7.34x	8.62x	11.12x
EV/FCF	16.35x	13.26x	15.29x	18.13x
FCF Yield	9.87%	13.63%	11.61%	9%