THFF 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	865.61M EUR	920.91M EUR	751.57M EUR	717.84M EUR
Enterprise Value	1.39B EUR	1.12B EUR	863.44M EUR	775.67M EUR
Valuation Multiples
Trailing P/E	10.19x	10.86x	9.32x	11.81x
Forward P/E	8.86x	--	--	--
Price to Sales	3.23x	3.33x	2.81x	3.6x
Price to Book	1.28x	1.36x	1.15x	1.1x
EV/Revenue	5.19x	4.04x	3.23x	3.89x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	9.9x	8.55x	10.89x
EV/FCF	--	11.99x	9.83x	11.76x
FCF Yield	--	10.1%	11.69%	9.18%