SMU.SN 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	684.56B EUR	759.34B EUR	753.59B EUR	886.9B EUR
Enterprise Value	1.89T EUR	1.41T EUR	1.42T EUR	1.54T EUR
Valuation Multiples
Trailing P/E	15.01x	16.63x	12.7x	15.05x
Forward P/E	7.26x	--	--	--
Price to Sales	0.24x	0.27x	0.27x	0.42x
Price to Book	0.84x	0.94x	0.91x	1.07x
EV/Revenue	0.66x	0.5x	0.5x	0.73x
EV/EBITDA	18.03x	6.85x	6.84x	10.42x
Price to FCF (P/FCF)	29.1x	9.75x	6.44x	9.26x
EV/FCF	80.34x	18.11x	12.1x	16.06x
FCF Yield	3.44%	10.25%	15.52%	10.8%