I93.F 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	4.48B EUR	3.12B EUR	3.71B EUR	2.26B EUR
Enterprise Value	243.15B EUR	230.99B EUR	240.17B EUR	239.03B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	--	--	--	--
Price to Sales	0.01x	0.01x	0.01x	0.01x
Price to Book	1.31x	0.02x	0.03x	0.02x
EV/Revenue	0.53x	0.51x	0.55x	0.73x
EV/EBITDA	7.15x	5.87x	8.23x	11.03x
Price to FCF (P/FCF)	0.16x	0.07x	0.13x	0.11x
EV/FCF	8.86x	5.48x	8.47x	11.63x
FCF Yield	612.96%	1,353.31%	765.24%	910.54%