LNN Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 31.05.2026	Q1 '26 28.02.2026	Q4 '25 30.11.2025
Market & Enterprise Value
Market Cap	1.14B EUR	1.11B EUR	1.4B EUR	1.22B EUR
Enterprise Value	1.15B EUR	1.09B EUR	1.35B EUR	1.15B EUR
Valuation Multiples
Trailing P/E	21.5x	20.13x	23.78x	25.99x
Forward P/E	19.05x	--	--	--
Price to Sales	1.81x	1.77x	2.2x	2.54x
Price to Book	2.28x	2.23x	2.76x	2.35x
EV/Revenue	1.83x	1.74x	2.13x	2.41x
EV/EBITDA	13.63x	12.53x	14.73x	15.81x
Price to FCF (P/FCF)	27.54x	24.75x	19.46x	20.16x
EV/FCF	27.77x	24.37x	18.8x	19.11x
FCF Yield	3.63%	4.04%	5.14%	4.96%