CWCO 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	489.67M EUR	472.01M EUR	529.93M EUR	562.71M EUR
Enterprise Value	361.13M EUR	342.16M EUR	406.38M EUR	441.95M EUR
Valuation Multiples
Trailing P/E	29.98x	29.21x	30.59x	41.54x
Forward P/E	22.49x	--	--	--
Price to Sales	3.84x	3.7x	4.13x	5.72x
Price to Book	2.17x	2.09x	2.37x	2.54x
EV/Revenue	2.83x	2.68x	3.17x	4.49x
EV/EBITDA	15.92x	12.96x	14.51x	20.28x
Price to FCF (P/FCF)	21.27x	15.61x	19.01x	24.45x
EV/FCF	15.68x	11.31x	14.58x	19.21x
FCF Yield	4.7%	6.41%	5.26%	4.09%