002352.SZ 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	157.49B EUR	164.59B EUR	191.7B EUR	193.11B EUR
Enterprise Value	179.07B EUR	193.39B EUR	221.76B EUR	218.02B EUR
Valuation Multiples
Trailing P/E	14.28x	19.8x	21.69x	22.59x
Forward P/E	12.32x	--	--	--
Price to Sales	0.5x	0.69x	0.82x	0.84x
Price to Book	1.53x	1.6x	1.91x	1.94x
EV/Revenue	0.57x	0.81x	0.95x	0.95x
EV/EBITDA	7.6x	11.34x	12.97x	16.52x
Price to FCF (P/FCF)	17.51x	15.83x	15.39x	13.69x
EV/FCF	19.9x	18.6x	17.8x	15.46x
FCF Yield	5.71%	6.32%	6.5%	7.3%