FWDI 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	559.96M EUR	311.63M EUR	338.07M EUR	561.35M EUR
Enterprise Value	635.44M EUR	419.18M EUR	374.43M EUR	541.89M EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	28.23x	--	--	--
Price to Sales	10.54x	5.87x	7.54x	17.61x
Price to Book	1.14x	0.66x	0.61x	0.64x
EV/Revenue	11.96x	7.89x	8.35x	17x
EV/EBITDA	62.48x	0.69x	0.62x	0.9x
Price to FCF (P/FCF)	37.9x	--	--	--
EV/FCF	43.01x	--	--	--
FCF Yield	2.64%	-5.9%	-4.82%	-2.04%