IDR 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	376.5M EUR	518.07M EUR	507.7M EUR	632.92M EUR
Enterprise Value	381.15M EUR	511.96M EUR	488.93M EUR	625.36M EUR
Valuation Multiples
Trailing P/E	16.29x	23.15x	23.62x	41.9x
Forward P/E	30.11x	--	--	--
Price to Sales	7.4x	10.19x	10.23x	18.02x
Price to Book	3.12x	4.3x	4.35x	5.85x
EV/Revenue	7.49x	10.07x	9.86x	17.8x
EV/EBITDA	14.78x	19.04x	19.11x	36.69x
Price to FCF (P/FCF)	--	272.43x	69.36x	115.2x
EV/FCF	--	269.22x	66.8x	113.82x
FCF Yield	-2%	0.37%	1.44%	0.87%