HIPO 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	896.45M EUR	745.64M EUR	678.5M EUR	773.05M EUR
Enterprise Value	641.98M EUR	551.84M EUR	454.6M EUR	607.15M EUR
Valuation Multiples
Trailing P/E	7.27x	6.15x	6.03x	7.33x
Forward P/E	9.66x	--	--	--
Price to Sales	1.77x	1.47x	1.41x	2.16x
Price to Book	1.93x	1.6x	1.51x	1.77x
EV/Revenue	1.27x	1.09x	0.95x	1.69x
EV/EBITDA	18.08x	--	--	--
Price to FCF (P/FCF)	5.66x	12.81x	17.09x	22.47x
EV/FCF	4.06x	9.48x	11.45x	17.65x
FCF Yield	17.66%	7.81%	5.85%	4.45%