SMTO3.SA 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	6.68B EUR	5.07B EUR	6.84B EUR	4.92B EUR
Enterprise Value	13.73B EUR	15.75B EUR	16.69B EUR	14.76B EUR
Valuation Multiples
Trailing P/E	8.45x	6.24x	8.18x	7.42x
Forward P/E	10.73x	--	--	--
Price to Sales	0.94x	0.71x	0.92x	0.95x
Price to Book	0.91x	0.69x	0.93x	0.67x
EV/Revenue	1.93x	2.22x	2.25x	2.85x
EV/EBITDA	4.45x	5.82x	6.23x	8.49x
Price to FCF (P/FCF)	--	18.7x	9.68x	--
EV/FCF	--	58.12x	23.62x	--
FCF Yield	-5.93%	5.35%	10.33%	-9.81%