FLUT 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	13.84B EUR	17.72B EUR	17.78B EUR	37.68B EUR
Enterprise Value	25.73B EUR	26.73B EUR	26.91B EUR	46.79B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	11.34x	--	--	--
Price to Sales	0.81x	1.03x	1.04x	2.96x
Price to Book	1.58x	2.03x	1.96x	4.17x
EV/Revenue	1.5x	1.56x	1.58x	3.68x
EV/EBITDA	16.21x	23.79x	15.94x	40.27x
Price to FCF (P/FCF)	--	35.1x	37.67x	118.12x
EV/FCF	--	52.94x	57.01x	146.68x
FCF Yield	-7.15%	2.85%	2.65%	0.85%