TABREED.AE 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	6.8B EUR	7.51B EUR	7.54B EUR	8.96B EUR
Enterprise Value	13.1B EUR	13.24B EUR	13.23B EUR	14.81B EUR
Valuation Multiples
Trailing P/E	18.38x	19.69x	17.61x	25.61x
Forward P/E	12.3x	--	--	--
Price to Sales	2.75x	3.03x	3.05x	4.5x
Price to Book	1.11x	1.23x	1.26x	1.47x
EV/Revenue	5.29x	5.35x	5.34x	7.44x
EV/EBITDA	12.08x	14.42x	13.77x	20.34x
Price to FCF (P/FCF)	20.88x	8.09x	8.3x	14.29x
EV/FCF	40.2x	14.26x	14.56x	23.61x
FCF Yield	4.79%	12.36%	12.05%	7%