HTB 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	755.76M EUR	834.55M EUR	716.66M EUR	742.27M EUR
Enterprise Value	667.15M EUR	550.38M EUR	412.59M EUR	408.96M EUR
Valuation Multiples
Trailing P/E	12x	17.2x	14.3x	15.51x
Forward P/E	10.39x	--	--	--
Price to Sales	3.6x	5.19x	4.47x	4.72x
Price to Book	1.26x	1.39x	1.21x	1.24x
EV/Revenue	3.18x	3.42x	2.57x	2.6x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	8.81x	8.51x	--
EV/FCF	--	5.81x	4.9x	--
FCF Yield	--	11.35%	11.76%	-3.47%