Tivoli Ratios and Metrics

Market cap in millions DKK. Fiscal year is January - December.

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '26 Mar 2, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	3,533	3,750	4,025	4,333	4,630	4,150
Market Cap Growth	0.65%	-6.82%	-7.12%	-6.42%	11.57%	3.71%
Enterprise Value	3,861	4,048	4,321	4,681	5,152	4,565
Last Close Price	618.00	650.40	694.44	745.09	796.21	713.64
PE Ratio	35.66	30.34	46.63	66.56	-	-
PS Ratio	2.68	2.84	3.32	3.83	6.44	8.69
PB Ratio	3.09	3.27	3.84	4.38	5.28	4.60
P/TBV Ratio	3.31	3.44	4.02	4.58	5.53	4.78
P/FCF Ratio	-	72.96	58.24	41.99	61.82	-
P/OCF Ratio	16.78	17.46	21.07	23.20	28.18	-
EV/Sales Ratio	2.93	3.06	3.56	4.14	7.16	9.56
EV/EBITDA Ratio	16.29	17.22	22.07	24.94	-	-
EV/EBIT Ratio	28.50	26.63	37.80	46.35	-	-
EV/FCF Ratio	-603.36	78.75	62.53	45.36	68.78	-
Debt / Equity Ratio	0.32	0.28	0.33	0.39	0.51	0.61
Debt / EBITDA Ratio	1.52	1.29	1.64	1.89	-	-
Debt / FCF Ratio	-	6.29	5.00	3.71	5.96	-
Net Debt / Equity Ratio	0.29	0.22	0.26	0.32	0.49	0.58
Net Debt / EBITDA Ratio	1.48	1.06	1.38	1.70	-19.00	-2.07
Net Debt / FCF Ratio	-51.34	4.84	3.90	3.09	5.78	-2.55
Asset Turnover	0.76	0.76	0.72	0.70	0.43	0.27
Inventory Turnover	20.25	27.39	31.20	32.00	25.12	19.70
Quick Ratio	0.28	0.67	0.64	0.58	0.21	0.47
Current Ratio	0.42	0.73	0.69	0.63	0.25	0.52
Return on Equity (ROE)	8.93%	11.26%	8.47%	6.98%	-4.66%	-14.64%
Return on Assets (ROA)	4.87%	5.43%	4.23%	3.88%	-4.21%	-12.49%
Return on Invested Capital (ROIC)	7.14%	8.91%	6.76%	5.74%	-8.17%	-25.77%
Return on Capital Employed (ROCE)	9.30%	10.20%	8.10%	7.30%	-8.60%	-26.50%
Earnings Yield	2.81%	3.30%	2.14%	1.50%	-0.90%	-3.44%
FCF Yield	-0.18%	1.37%	1.72%	2.38%	1.62%	-4.91%
Dividend Yield	0.87%	0.83%	0.55%	0.38%	-	-
Payout Ratio	31.18%	17.48%	18.89%	-	-	-
Buyback Yield / Dilution	-0.18%	-	-	-	-	-
Total Shareholder Return	0.69%	0.83%	0.55%	0.38%	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.