RM 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	309.16M EUR	384.81M EUR	301.15M EUR	370.22M EUR
Enterprise Value	2.02B EUR	2.1B EUR	1.96B EUR	2.05B EUR
Valuation Multiples
Trailing P/E	7.05x	8.22x	6.17x	9.9x
Forward P/E	5.69x	--	--	--
Price to Sales	0.48x	0.66x	0.53x	0.87x
Price to Book	0.83x	1.02x	0.8x	0.99x
EV/Revenue	3.12x	3.61x	3.42x	4.8x
EV/EBITDA	11.94x	--	--	--
Price to FCF (P/FCF)	--	1.24x	0.97x	1.59x
EV/FCF	--	6.74x	6.32x	8.83x
FCF Yield	-44.2%	80.81%	102.79%	62.88%