NGVC 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	684M EUR	714.88M EUR	595.6M EUR	576.98M EUR
Enterprise Value	998.43M EUR	1.02B EUR	899.4M EUR	878.72M EUR
Valuation Multiples
Trailing P/E	14.48x	15.01x	12.36x	16.61x
Forward P/E	12.77x	--	--	--
Price to Sales	0.51x	0.53x	0.45x	0.58x
Price to Book	2.86x	2.99x	2.58x	2.62x
EV/Revenue	0.74x	0.76x	0.67x	0.88x
EV/EBITDA	10.44x	10.39x	9.26x	12.51x
Price to FCF (P/FCF)	44.01x	32.14x	35.39x	38.71x
EV/FCF	64.23x	45.87x	53.44x	58.95x
FCF Yield	2.27%	3.11%	2.83%	2.58%