603456.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	14.28B EUR	12.15B EUR	15.32B EUR	15.92B EUR
Enterprise Value	11.41B EUR	10.58B EUR	13.87B EUR	14.44B EUR
Valuation Multiples
Trailing P/E	24.34x	32.85x	35.61x	31.33x
Forward P/E	15.83x	--	--	--
Price to Sales	2.74x	3.1x	3.9x	3.77x
Price to Book	1.6x	1.37x	1.72x	1.82x
EV/Revenue	2.19x	2.7x	3.53x	3.42x
EV/EBITDA	8.5x	13.15x	16.22x	15.07x
Price to FCF (P/FCF)	23.01x	20.99x	22.18x	19.55x
EV/FCF	18.39x	18.28x	20.08x	17.73x
FCF Yield	4.35%	4.76%	4.51%	5.12%