HMMC.TO 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	1.57B EUR	1.56B EUR	1.92B EUR	1.53B EUR
Enterprise Value	1.61B EUR	1.59B EUR	1.96B EUR	1.63B EUR
Valuation Multiples
Trailing P/E	--	95.92x	--	--
Forward P/E	6x	--	--	--
Price to Sales	4.79x	4.75x	10.32x	--
Price to Book	1.87x	2.57x	3.36x	2.81x
EV/Revenue	4.9x	4.83x	10.5x	--
EV/EBITDA	--	11.34x	21.68x	--
Price to FCF (P/FCF)	14.7x	33.08x	53.63x	--
EV/FCF	15.04x	33.61x	54.52x	--
FCF Yield	6.8%	3.02%	1.86%	-2.08%