603881.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	19.53B EUR	21.55B EUR	27.54B EUR	21.86B EUR
Enterprise Value	20.66B EUR	23.82B EUR	29.48B EUR	23.34B EUR
Valuation Multiples
Trailing P/E	141.63x	205.71x	263.34x	210.52x
Forward P/E	56.49x	--	--	--
Price to Sales	11.55x	17.08x	21.59x	16.94x
Price to Book	5.78x	6.37x	8.18x	6.58x
EV/Revenue	12.21x	18.89x	23.11x	18.09x
EV/EBITDA	18.53x	57.89x	68.6x	55.07x
Price to FCF (P/FCF)	--	50.68x	71.47x	48.49x
EV/FCF	--	56.03x	76.51x	51.78x
FCF Yield	-0.05%	1.97%	1.4%	2.06%