900932.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	2.03B EUR	1.82B EUR	2.03B EUR	2.02B EUR
Enterprise Value	74.34B EUR	61.12B EUR	64.98B EUR	65.73B EUR
Valuation Multiples
Trailing P/E	10.1x	1.43x	3.7x	2.06x
Forward P/E	--	--	--	--
Price to Sales	0.1x	0.13x	0.19x	0.16x
Price to Book	0.53x	0.07x	0.08x	0.08x
EV/Revenue	3.78x	4.3x	6.05x	5.17x
EV/EBITDA	15.38x	12.53x	16.21x	19.69x
Price to FCF (P/FCF)	0.15x	0.27x	0.24x	0.31x
EV/FCF	5.52x	8.96x	7.8x	10.22x
FCF Yield	661.66%	374.42%	410.57%	318.66%