ARE Holdings Ratios and Metrics

Market cap in millions EUR. Fiscal year is April - March.

Millions EUR. Fiscal year is Apr - Mar.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 23, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Market Capitalization	1,782	938	907	1,073	1,320	1,284
Market Cap Growth	126.68%	3.34%	-15.43%	-18.74%	2.84%	70.50%
Enterprise Value	4,519	2,115	2,492	2,544	2,465	2,391
Last Close Price	23.20	12.06	10.63	12.09	13.77	13.69
PE Ratio	14.58	10.60	6.05	14.18	9.51	6.48
PS Ratio	0.63	0.30	0.46	0.53	0.93	1.01
PB Ratio	2.04	1.20	1.17	1.45	1.69	1.70
P/TBV Ratio	2.06	1.22	1.19	1.48	1.72	1.73
P/FCF Ratio	-	20.90	29.40	4.79	65.97	-
P/OCF Ratio	-	10.34	11.73	4.22	16.04	-
EV/Sales Ratio	1.59	0.68	1.26	1.26	1.73	1.88
EV/EBITDA Ratio	21.25	14.74	24.17	14.89	11.26	11.04
EV/EBIT Ratio	22.93	16.73	30.82	17.20	12.39	12.14
EV/FCF Ratio	-6.86	47.13	80.74	11.36	123.17	-
Debt / Equity Ratio	3.15	2.29	1.12	1.35	1.44	1.07
Debt / EBITDA Ratio	13.69	12.48	8.39	5.85	5.11	3.73
Debt / FCF Ratio	-	39.92	28.03	4.46	55.90	-
Net Debt / Equity Ratio	3.11	2.15	1.06	1.18	1.38	0.97
Net Debt / EBITDA Ratio	13.49	11.72	7.98	5.12	4.90	3.37
Net Debt / FCF Ratio	-4.12	37.50	26.66	3.91	53.63	-2.46
Asset Turnover	0.78	1.25	1.07	1.00	0.71	0.69
Inventory Turnover	5.97	11.22	8.05	5.05	2.49	2.61
Quick Ratio	0.95	1.03	1.44	1.38	1.09	0.95
Current Ratio	1.21	1.35	2.25	1.90	1.63	1.61
Return on Equity (ROE)	15.12%	11.32%	7.29%	10.31%	18.45%	30.79%
Return on Assets (ROA)	3.21%	3.17%	2.72%	4.56%	6.18%	6.73%
Return on Invested Capital (ROIC)	4.18%	4.34%	3.66%	6.02%	8.62%	13.76%
Return on Capital Employed (ROCE)	15.00%	11.40%	6.40%	13.20%	17.90%	20.40%
Earnings Yield	6.86%	9.44%	16.54%	7.05%	10.52%	15.43%
FCF Yield	-36.98%	4.78%	3.40%	20.87%	1.52%	-23.09%
Dividend Yield	2.54%	4.10%	5.19%	5.15%	4.85%	4.78%
Payout Ratio	34.04%	45.46%	28.16%	63.98%	37.77%	22.94%
Buyback Yield / Dilution	0.13%	0.31%	0.74%	1.74%	-11.11%	-0.54%
Total Shareholder Return	2.67%	4.41%	5.93%	6.89%	-6.26%	4.25%

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