2381.SR 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	8.74B EUR	8.06B EUR	7.28B EUR	8.79B EUR
Enterprise Value	11.11B EUR	10.44B EUR	9.64B EUR	11.23B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	15.05x	--	--	--
Price to Sales	2.69x	3.34x	2.9x	3.38x
Price to Book	1.53x	1.41x	1.27x	1.53x
EV/Revenue	3.42x	4.33x	3.84x	4.32x
EV/EBITDA	11.66x	15.78x	13.52x	14x
Price to FCF (P/FCF)	24.54x	15.7x	10.12x	24.43x
EV/FCF	31.22x	20.34x	13.39x	31.21x
FCF Yield	4.07%	6.37%	9.88%	4.09%