CNXC Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 31.05.2026	Q1 '26 28.02.2026	Q4 '25 30.11.2025
Market & Enterprise Value
Market Cap	1.59B EUR	1.72B EUR	1.99B EUR	2.24B EUR
Enterprise Value	6.69B EUR	6.05B EUR	6.52B EUR	6.55B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	2.25x	--	--	--
Price to Sales	0.16x	0.17x	0.2x	0.3x
Price to Book	0.89x	0.64x	0.72x	0.81x
EV/Revenue	0.67x	0.61x	0.65x	0.88x
EV/EBITDA	5.37x	--	--	--
Price to FCF (P/FCF)	1.97x	3.35x	4.12x	3.6x
EV/FCF	8.3x	11.78x	13.45x	10.53x
FCF Yield	50.84%	29.83%	24.29%	27.81%