ORC 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	1B EUR	1.39B EUR	1.38B EUR	1.31B EUR
Enterprise Value	10.9B EUR	708.64M EUR	708.78M EUR	644.43M EUR
Valuation Multiples
Trailing P/E	3.1x	5.68x	11.34x	9.23x
Forward P/E	4.5x	--	--	--
Price to Sales	3.71x	5.15x	9.5x	8.28x
Price to Book	0.7x	0.97x	0.99x	0.96x
EV/Revenue	40.35x	2.62x	4.87x	4.07x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	6.74x	9.65x	13.84x
EV/FCF	--	3.43x	4.95x	6.81x
FCF Yield	--	14.84%	10.36%	7.23%