HNGE 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	8.3B EUR	6.66B EUR	2.98B EUR	3.68B EUR
Enterprise Value	7.52B EUR	6.38B EUR	2.8B EUR	3.48B EUR
Valuation Multiples
Trailing P/E	33.96x	61.03x	--	--
Forward P/E	33.66x	--	--	--
Price to Sales	11.53x	9.24x	4.61x	7.93x
Price to Book	23.97x	19.33x	9.57x	9.72x
EV/Revenue	10.45x	8.86x	4.33x	7.49x
EV/EBITDA	78.63x	64.8x	--	--
Price to FCF (P/FCF)	27.71x	23.45x	14.7x	22.81x
EV/FCF	25.11x	22.46x	13.81x	21.57x
FCF Yield	3.61%	4.27%	6.8%	4.38%