603171.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	16.15B EUR	16.19B EUR	20.35B EUR	22.4B EUR
Enterprise Value	14.62B EUR	15.97B EUR	20.05B EUR	21.68B EUR
Valuation Multiples
Trailing P/E	99.5x	135.15x	196.86x	231.38x
Forward P/E	47.95x	--	--	--
Price to Sales	7.54x	9.88x	12.8x	14.45x
Price to Book	6.32x	6.33x	7.9x	8.8x
EV/Revenue	6.82x	9.74x	12.62x	13.98x
EV/EBITDA	103.21x	83.95x	120.55x	169.42x
Price to FCF (P/FCF)	200.12x	121.96x	345.32x	620.47x
EV/FCF	181.07x	120.25x	340.3x	600.39x
FCF Yield	0.5%	0.82%	0.29%	0.16%