NCC-A.ST 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	17.27B EUR	18.84B EUR	20.15B EUR
Enterprise Value	21.56B EUR	24.01B EUR	23.88B EUR
Valuation Multiples
Trailing P/E	222.78x	1,884.1x	--
Forward P/E	--	--	--
Price to Sales	0.32x	0.35x	0.39x
Price to Book	2.39x	2.61x	2.74x
EV/Revenue	0.4x	0.44x	0.47x
EV/EBITDA	8.47x	13.32x	23.48x
Price to FCF (P/FCF)	18.15x	336.45x	37.03x
EV/FCF	22.66x	428.82x	43.9x
FCF Yield	5.51%	0.3%	2.7%