MMS Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	3.11B EUR	2.81B EUR	3.4B EUR
Enterprise Value	4.75B EUR	4.49B EUR	4.87B EUR
Valuation Multiples
Trailing P/E	8.79x	7.59x	9.12x
Forward P/E	7.1x	--	--
Price to Sales	0.59x	0.54x	0.64x
Price to Book	1.79x	1.62x	2.01x
EV/Revenue	0.91x	0.86x	0.92x
EV/EBITDA	6.87x	6.27x	6.77x
Price to FCF (P/FCF)	8.78x	6.5x	9.15x
EV/FCF	13.42x	10.36x	13.1x
FCF Yield	11.39%	15.39%	10.93%