603927.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	11.68B EUR	10.56B EUR	13.73B EUR	15.86B EUR
Enterprise Value	9.28B EUR	8.16B EUR	10.86B EUR	12.14B EUR
Valuation Multiples
Trailing P/E	56.2x	74.94x	86.88x	100.64x
Forward P/E	14.34x	--	--	--
Price to Sales	1.94x	1.75x	2.31x	3.21x
Price to Book	3.8x	3.44x	4.32x	4.97x
EV/Revenue	1.54x	1.35x	1.83x	2.46x
EV/EBITDA	62.61x	32.97x	42.43x	44.92x
Price to FCF (P/FCF)	45.1x	19.86x	19.07x	57.6x
EV/FCF	35.83x	15.35x	15.09x	44.07x
FCF Yield	2.22%	5.03%	5.24%	1.74%