603444.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	24.93B EUR	25.82B EUR	26.13B EUR	30.53B EUR
Enterprise Value	19.91B EUR	20.95B EUR	21.47B EUR	26.17B EUR
Valuation Multiples
Trailing P/E	11.13x	15.45x	17.92x	24.94x
Forward P/E	12.78x	--	--	--
Price to Sales	3.36x	4.74x	5.28x	7.21x
Price to Book	4.1x	4.26x	4.35x	5.54x
EV/Revenue	2.69x	3.85x	4.34x	6.18x
EV/EBITDA	6.47x	6.63x	7.26x	12.13x
Price to FCF (P/FCF)	11.29x	11.71x	10.99x	15.17x
EV/FCF	9.01x	9.5x	9.03x	13x
FCF Yield	8.86%	8.54%	9.1%	6.59%