FSBC 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	1.04B EUR	1.04B EUR	806.31M EUR	764.53M EUR
Enterprise Value	448.26M EUR	442.41M EUR	247.47M EUR	343.49M EUR
Valuation Multiples
Trailing P/E	12.57x	14.47x	12.01x	15.77x
Forward P/E	11.52x	--	--	--
Price to Sales	6.22x	5.9x	4.83x	6.27x
Price to Book	1.92x	2.2x	1.76x	1.71x
EV/Revenue	2.67x	2.51x	1.48x	2.82x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	12.95x	10.78x	13.64x
EV/FCF	--	5.5x	3.31x	6.13x
FCF Yield	--	7.72%	9.28%	7.33%