HPK 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	1.21B EUR	883.91M EUR	871.87M EUR	594.06M EUR
Enterprise Value	2.15B EUR	1.93B EUR	1.96B EUR	1.63B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	73.46x	--	--	--
Price to Sales	1.4x	0.99x	1.04x	0.96x
Price to Book	0.78x	0.57x	0.59x	0.37x
EV/Revenue	2.49x	2.16x	2.34x	2.61x
EV/EBITDA	3.73x	3.39x	3.78x	4.38x
Price to FCF (P/FCF)	17.53x	--	--	40.35x
EV/FCF	31.16x	--	--	110.42x
FCF Yield	5.71%	-0.89%	-5.21%	2.48%