HR-UN.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	2.53B EUR	2.91B EUR	2.58B EUR	2.71B EUR
Enterprise Value	5.15B EUR	5.36B EUR	5.07B EUR	6.16B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	7.72x	--	--	--
Price to Sales	3.05x	3.83x	3.26x	4.44x
Price to Book	0.6x	0.69x	0.63x	0.65x
EV/Revenue	6.19x	7.05x	6.39x	10.1x
EV/EBITDA	--	38.27x	27.9x	51.73x
Price to FCF (P/FCF)	--	17.24x	19.62x	23.37x
EV/FCF	--	31.77x	38.48x	53.16x
FCF Yield	-18.95%	5.8%	5.1%	4.28%