NFPH.F 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	2.13B EUR	1.8B EUR	1.5B EUR	1.6B EUR
Enterprise Value	48.05B EUR	45.09B EUR	48.1B EUR	42.9B EUR
Valuation Multiples
Trailing P/E	9.05x	0.21x	0.18x	0.27x
Forward P/E	--	--	--	--
Price to Sales	0.18x	0.11x	0.09x	0.13x
Price to Book	0.94x	0.02x	0.02x	0.02x
EV/Revenue	4.11x	2.66x	2.9x	3.41x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	0.15x	0.12x	0.28x
EV/FCF	--	3.63x	3.83x	7.54x
FCF Yield	--	688.83%	838.12%	354.53%