FELE 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	4.32B EUR	4.74B EUR	4.07B EUR	4.22B EUR
Enterprise Value	4.5B EUR	4.95B EUR	4.28B EUR	4.35B EUR
Valuation Multiples
Trailing P/E	28.16x	30.37x	27.05x	36.34x
Forward P/E	18.93x	--	--	--
Price to Sales	1.95x	2.14x	1.87x	2.52x
Price to Book	3.07x	3.37x	3.04x	3.19x
EV/Revenue	2.03x	2.24x	1.97x	2.6x
EV/EBITDA	12.73x	16.49x	14.93x	19.91x
Price to FCF (P/FCF)	28.92x	21.71x	24.02x	19.2x
EV/FCF	30.1x	22.68x	25.26x	19.81x
FCF Yield	3.46%	4.61%	4.16%	5.21%