600648.SS 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	13.04B EUR	10.87B EUR	14.12B EUR	13.72B EUR
Enterprise Value	29.74B EUR	26.5B EUR	29.94B EUR	27.12B EUR
Valuation Multiples
Trailing P/E	13.14x	12.35x	16.68x	15.73x
Forward P/E	12.29x	--	--	--
Price to Sales	2.05x	2.26x	3.2x	3.11x
Price to Book	0.84x	0.7x	0.88x	0.86x
EV/Revenue	4.67x	5.5x	6.79x	6.14x
EV/EBITDA	19.4x	18.09x	20.03x	17.56x
Price to FCF (P/FCF)	46.44x	--	--	--
EV/FCF	105.89x	--	--	--
FCF Yield	2.15%	-1.24%	-3.98%	-7.78%