LADR 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	1.11B EUR	1.26B EUR	1.25B EUR	1.4B EUR
Enterprise Value	5.1B EUR	4.3B EUR	4.31B EUR	4.24B EUR
Valuation Multiples
Trailing P/E	20.88x	24.15x	22.67x	26.68x
Forward P/E	7.87x	--	--	--
Price to Sales	5.11x	5.91x	5.84x	8.61x
Price to Book	0.78x	0.88x	0.86x	0.94x
EV/Revenue	23.45x	20.13x	20.18x	26.13x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	12.26x	11.58x	12.08x
EV/FCF	--	41.72x	39.97x	36.66x
FCF Yield	--	8.16%	8.64%	8.28%