TCM1.F 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	8.24B EUR	7.56B EUR	6.3B EUR	6.18B EUR
Enterprise Value	310.34B EUR	274B EUR	301.44B EUR	305.21B EUR
Valuation Multiples
Trailing P/E	22x	0.56x	0.33x	0.48x
Forward P/E	--	--	--	--
Price to Sales	0.02x	0.01x	0.01x	0.02x
Price to Book	0.84x	0.02x	0.02x	0.02x
EV/Revenue	0.61x	0.54x	0.61x	0.82x
EV/EBITDA	8.33x	5.69x	5.37x	8.1x
Price to FCF (P/FCF)	0.33x	0.43x	0.35x	0.55x
EV/FCF	12.52x	15.69x	16.91x	27.05x
FCF Yield	300.73%	231.02%	282.87%	182.55%