FSUN 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	1.69B EUR	1.71B EUR	1.02B EUR	1.05B EUR
Enterprise Value	1.09B EUR	927.18M EUR	670.54M EUR	462.68M EUR
Valuation Multiples
Trailing P/E	23.33x	36.64x	10.62x	14.11x
Forward P/E	8.26x	--	--	--
Price to Sales	3.79x	3.43x	2.41x	3.35x
Price to Book	0.98x	0.93x	0.87x	0.91x
EV/Revenue	2.43x	1.86x	1.59x	1.48x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	1.48x	15.55x	13.18x
EV/FCF	--	0.8x	10.24x	5.81x
FCF Yield	--	67.6%	6.43%	7.59%