600456.SS Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	11.8B EUR	16.06B EUR	18.85B EUR
Enterprise Value	15.11B EUR	18.08B EUR	20.81B EUR
Valuation Multiples
Trailing P/E	34.79x	54.14x	59.11x
Forward P/E	15.53x	--	--
Price to Sales	1.92x	3.42x	4.05x
Price to Book	1.63x	2.22x	2.63x
EV/Revenue	2.45x	3.85x	4.47x
EV/EBITDA	20.36x	21.77x	25.57x
Price to FCF (P/FCF)	--	--	--
EV/FCF	--	--	--
FCF Yield	-4.63%	-1.87%	-0.7%