SMRT 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	224.19M EUR	228.02M EUR	289.08M EUR	383.15M EUR
Enterprise Value	134.84M EUR	140.58M EUR	195.73M EUR	284.39M EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	-234x	--	--	--
Price to Sales	1.48x	1.51x	1.93x	3.45x
Price to Book	1x	1.01x	1.25x	1.65x
EV/Revenue	0.89x	0.93x	1.31x	2.56x
EV/EBITDA	-8.38x	--	--	--
Price to FCF (P/FCF)	44.11x	--	--	--
EV/FCF	26.53x	--	--	--
FCF Yield	2.27%	-2.82%	-6.99%	-3.8%