603997.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	17.05B EUR	15.05B EUR	14.96B EUR	17.68B EUR
Enterprise Value	22.44B EUR	21.29B EUR	21.39B EUR	23.68B EUR
Valuation Multiples
Trailing P/E	25.28x	26.52x	39.01x	49.63x
Forward P/E	13.96x	--	--	--
Price to Sales	0.67x	0.76x	0.81x	1.03x
Price to Book	2.93x	2.74x	2.77x	3.3x
EV/Revenue	0.89x	1.08x	1.16x	1.38x
EV/EBITDA	12.52x	19.97x	28.17x	30.98x
Price to FCF (P/FCF)	835.18x	80.89x	--	67.42x
EV/FCF	1,099.16x	114.42x	--	90.29x
FCF Yield	0.12%	1.24%	-0.89%	1.48%