AALI.JK 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	16.17T EUR	11.45T EUR	14.53T EUR	14.19T EUR
Enterprise Value	11.63T EUR	6.3T EUR	9.83T EUR	11.44T EUR
Valuation Multiples
Trailing P/E	8.65x	7.63x	12.11x	12.86x
Forward P/E	13.79x	--	--	--
Price to Sales	0.55x	0.53x	0.68x	0.68x
Price to Book	0.67x	0.48x	0.61x	0.6x
EV/Revenue	0.4x	0.29x	0.46x	0.55x
EV/EBITDA	2.84x	2.62x	4.71x	5.8x
Price to FCF (P/FCF)	8.38x	10.32x	10.09x	8.34x
EV/FCF	6.02x	5.68x	6.82x	6.72x
FCF Yield	11.94%	9.69%	9.92%	11.99%