SHC 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	5.15B EUR	5.07B EUR	4.09B EUR	5.02B EUR
Enterprise Value	7B EUR	6.98B EUR	6.05B EUR	6.95B EUR
Valuation Multiples
Trailing P/E	31.68x	30.98x	34.71x	55x
Forward P/E	16.78x	--	--	--
Price to Sales	4.24x	4.16x	3.44x	5.52x
Price to Book	7.74x	7.61x	6.57x	8.28x
EV/Revenue	5.76x	5.74x	5.08x	7.64x
EV/EBITDA	12.14x	13.15x	11.7x	16.97x
Price to FCF (P/FCF)	33.47x	44.94x	42.22x	44.17x
EV/FCF	45.46x	61.9x	62.42x	61.15x
FCF Yield	2.99%	2.23%	2.37%	2.26%