HLTOY 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	8.19B EUR	0 EUR	3.82B EUR	3.97B EUR
Enterprise Value	8.87B EUR	--	4.33B EUR	4.51B EUR
Valuation Multiples
Trailing P/E	10.01x	--	8.01x	8.15x
Forward P/E	--	--	--	--
Price to Sales	2.34x	--	1.48x	1.56x
Price to Book	3.58x	--	1.72x	1.88x
EV/Revenue	2.53x	--	1.67x	1.77x
EV/EBITDA	7.29x	--	4.15x	4.35x
Price to FCF (P/FCF)	20.37x	--	7.35x	8.87x
EV/FCF	22.04x	--	8.33x	10.08x
FCF Yield	4.91%	--	13.61%	11.28%