SRAD 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	3.7B EUR	4.43B EUR	4.95B EUR	7.03B EUR
Enterprise Value	3.46B EUR	4.24B EUR	4.69B EUR	6.73B EUR
Valuation Multiples
Trailing P/E	208.17x	259.49x	70.92x	92.38x
Forward P/E	28.56x	--	--	--
Price to Sales	2.67x	3.2x	3.74x	7.18x
Price to Book	4.16x	5.66x	5.51x	7.19x
EV/Revenue	2.5x	3.06x	3.54x	6.88x
EV/EBITDA	6.64x	8.03x	9.41x	18.68x
Price to FCF (P/FCF)	10.64x	22.84x	26.51x	49.94x
EV/FCF	9.96x	21.86x	25.11x	47.8x
FCF Yield	9.4%	4.38%	3.77%	2%