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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May '26 May 29, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	3,601	3,407	3,750	4,025	4,333	4,630
Market Cap Growth	1.92%	-9.15%	-6.82%	-7.12%	-6.42%	11.57%
Enterprise Value	3,998	3,736	4,048	4,321	4,681	5,152
Last Close Price	630.00	591.02	644.97	688.63	738.86	789.55
PE Ratio	31.46	28.04	30.34	46.63	66.56	-
PS Ratio	2.66	2.53	2.84	3.32	3.83	6.44
PB Ratio	3.17	2.75	3.27	3.84	4.38	5.28
P/TBV Ratio	3.47	2.95	3.44	4.02	4.58	5.53
P/FCF Ratio	178.29	88.27	72.96	58.24	41.99	61.82
P/OCF Ratio	16.31	14.09	17.46	21.07	23.20	28.18
EV/Sales Ratio	2.95	2.78	3.06	3.56	4.14	7.16
EV/EBITDA Ratio	14.58	13.29	15.53	22.07	24.94	-
EV/EBIT Ratio	25.94	22.88	26.63	37.80	46.35	-
EV/FCF Ratio	197.90	96.78	78.75	62.53	45.36	68.78
Debt / Equity Ratio	0.37	0.24	0.28	0.33	0.39	0.51
Debt / EBITDA Ratio	1.53	1.05	1.24	1.64	1.89	-
Debt / FCF Ratio	20.75	7.68	6.29	5.00	3.71	5.96
Net Debt / Equity Ratio	0.35	0.20	0.22	0.26	0.32	0.49
Net Debt / EBITDA Ratio	1.44	0.90	0.95	1.38	1.70	-19.00
Net Debt / FCF Ratio	19.61	6.52	4.84	3.90	3.09	5.78
Asset Turnover	0.75	0.74	0.76	0.72	0.70	0.43
Inventory Turnover	19.52	21.10	27.39	31.20	32.00	25.12
Quick Ratio	0.31	0.48	0.62	0.64	0.58	0.21
Current Ratio	0.44	0.60	0.73	0.69	0.63	0.25
Return on Equity (ROE)	10.46%	10.18%	11.26%	8.47%	6.98%	-4.66%
Return on Assets (ROA)	5.33%	5.58%	5.43%	4.23%	3.88%	-4.21%
Return on Invested Capital (ROIC)	7.94%	8.79%	8.91%	6.76%	5.74%	-8.17%
Return on Capital Employed (ROCE)	10.30%	10.50%	10.20%	8.10%	7.30%	-8.60%
Earnings Yield	3.17%	3.57%	3.30%	2.14%	1.50%	-0.90%
FCF Yield	0.56%	1.13%	1.37%	1.72%	2.38%	1.62%
Dividend Yield	0.87%	0.93%	0.84%	0.55%	0.38%	-
Payout Ratio	27.06%	25.43%	17.48%	18.89%	-	-
Buyback Yield / Dilution	0.36%	0.32%	-0.10%	-	-	-
Total Shareholder Return	1.24%	1.25%	0.74%	0.55%	0.38%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.