LOAN 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	39.2M EUR	51.65M EUR	50.86M EUR	53.16M EUR
Enterprise Value	59.66M EUR	51.65M EUR	70.38M EUR	70.72M EUR
Valuation Multiples
Trailing P/E	8.17x	14.35x	10.15x	10.4x
Forward P/E	7.8x	--	--	--
Price to Sales	5.95x	10.43x	7.48x	7.68x
Price to Book	0.91x	--	1.18x	1.23x
EV/Revenue	9.05x	10.43x	10.34x	10.21x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	13.66x	10.16x	10.79x
EV/FCF	--	13.66x	14.06x	14.35x
FCF Yield	--	7.32%	9.84%	9.27%