DLX 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	1.06B EUR	1.09B EUR	1.26B EUR	1.01B EUR
Enterprise Value	2.51B EUR	2.53B EUR	2.68B EUR	2.45B EUR
Valuation Multiples
Trailing P/E	10.57x	10.87x	12.11x	14.76x
Forward P/E	5.71x	--	--	--
Price to Sales	0.5x	0.52x	0.59x	0.63x
Price to Book	1.5x	1.55x	1.81x	1.48x
EV/Revenue	1.19x	1.2x	1.25x	1.53x
EV/EBITDA	5.98x	6.09x	6.38x	7.89x
Price to FCF (P/FCF)	6.18x	5.23x	7.06x	6.66x
EV/FCF	14.6x	12.11x	15.02x	16.22x
FCF Yield	16.19%	19.13%	14.17%	15.02%