603129.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	41.68B EUR	39.26B EUR	35.09B EUR	42.52B EUR
Enterprise Value	32.15B EUR	29.45B EUR	26.57B EUR	33.19B EUR
Valuation Multiples
Trailing P/E	24.14x	29.64x	27.64x	33.7x
Forward P/E	15.61x	--	--	--
Price to Sales	1.79x	2.15x	2.22x	2.89x
Price to Book	5.2x	4.9x	4.38x	5.67x
EV/Revenue	1.38x	1.61x	1.68x	2.26x
EV/EBITDA	14.9x	18.8x	18.96x	23.54x
Price to FCF (P/FCF)	25.68x	20.15x	30.33x	16.44x
EV/FCF	19.81x	15.11x	22.97x	12.83x
FCF Yield	3.89%	4.96%	3.3%	6.08%