Target Price

The Target MCAP for Q2 2026 is 1109 million Euros. For Q4 2027 (e), the Target MCAP is expected to increase to 1607 million Euros, representing a change of 51 million Euros, or a 3.2% increase, compared to the previous quarter.

Valuation

Current market cap is 1985.5 MEur (14.4 €) and the average MCap for the period is 2614.8 MEur (19.0 €).

Current Enterprice Value is 2702.4 MEur and the average EV for the period is 2835.1 MEur. Expected EV at the end of the year for 2026 is 2702.4 MEur and expected values for 2027 and 2028 are 2814.9 MEur and 2924.1 MEur.

Income Statement

Current Price to Sales ratio is 1.36 and the average realised P/S for the period is 2.1. Current P/S-ratio is -35.5 % lower than average value. Expected P/S at the end of the year for 2026 is 1.36 and expected values for 2027 and 2028 are 1.33 and 1.32.

Current Enterprice Value to Sales ratio is 1.85 and the average realised EV/S for the period is 2.32. Current EV/S-ratio is -20.6 % lower than average value. Expected EV/S at the end of the year for 2026 is 1.85 and expected values for 2027 and 2028 are 1.88 and 1.95.

Current EV/Ebit is 41.0. That is +140.3 % higher than average EV/Ebit 17.1 for positive values (<100). Expected EV/EBIT at the end of the year for 2026 is 41.0 and expected values for 2027 and 2028 are 34.6 and 29.2.

Current PE is 54.1. That is +150.0 % higher than average PE 21.7 for positive values (<100). Expected PE at the end of the year for 2026 is 54.1 and expected values for 2027 and 2028 are 30.5 and 24.8.

Shareholders Equity

Current Price to Book ratio is 1.69 and the average realised P/B for the period is 2.66. Current P/B-ratio is -36.5 % lower than average value. Expected P/B at the end of the year for 2026 is 1.69 and expected values for 2027 and 2028 are 1.6 and 1.51.

Cash Flow

Current P/OCF is 11.1. That is -31.1 % lower than average P/OCF 16.1 for positive values (<100). Expected P/OCF at the end of the year for 2026 is 11.1 and expected values for 2027 and 2028 are 12.8 and 12.5.

Current EV/OCF is 15.1. That is -19.7 % lower than average EV/OCF 18.8 for positive values (<100). Expected EV/OCF at the end of the year for 2026 is 15.1 and expected values for 2027 and 2028 are 18.1 and 18.4.

Current P/FCF is 80.9. That is +262.9 % higher than average P/FCF 22.3 for positive values (<100). Expected P/FCF at the end of the year for 2026 is 80.9 and expected values for 2027 and 2028 are Neg. and Neg..

Current EV/FCF is 110.1. That is +345.8 % higher than average EV/FCF 24.7 for positive values (<100). Expected EV/FCF at the end of the year for 2026 is 110.1 and expected values for 2027 and 2028 are Neg. and Neg..