MAC 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	6.56B EUR	7.16B EUR	4.93B EUR	4.74B EUR
Enterprise Value	11.07B EUR	11.84B EUR	9.74B EUR	9.6B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	161.82x	--	--	--
Price to Sales	6.39x	7.11x	4.9x	6.2x
Price to Book	2.24x	2.53x	2.02x	1.94x
EV/Revenue	10.78x	11.77x	9.68x	12.55x
EV/EBITDA	20.63x	22.89x	18.49x	22.87x
Price to FCF (P/FCF)	16.88x	23.32x	15.87x	20.35x
EV/FCF	28.47x	38.59x	31.38x	41.18x
FCF Yield	5.92%	4.29%	6.3%	4.91%