600829.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	5.52B EUR	4.5B EUR	5.91B EUR	6.27B EUR
Enterprise Value	5.53B EUR	4.51B EUR	5.78B EUR	5.77B EUR
Valuation Multiples
Trailing P/E	38.08x	43.7x	60.81x	66.3x
Forward P/E	15.87x	--	--	--
Price to Sales	0.52x	0.57x	0.75x	0.82x
Price to Book	1.78x	1.45x	1.93x	2.08x
EV/Revenue	0.52x	0.57x	0.74x	0.75x
EV/EBITDA	21.5x	23.05x	28.16x	29.67x
Price to FCF (P/FCF)	--	25.7x	13.43x	13.15x
EV/FCF	--	25.74x	13.14x	12.09x
FCF Yield	-0.47%	3.89%	7.44%	7.61%