002938.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	173B EUR	244.22B EUR	120.93B EUR	117.25B EUR
Enterprise Value	168.46B EUR	242.25B EUR	113.58B EUR	109.59B EUR
Valuation Multiples
Trailing P/E	45.8x	93.43x	47.65x	45.74x
Forward P/E	22.31x	--	--	--
Price to Sales	4.33x	8.28x	4.23x	4.09x
Price to Book	4.93x	7.1x	3.49x	3.43x
EV/Revenue	4.21x	8.21x	3.98x	3.82x
EV/EBITDA	23.06x	58.89x	27.02x	29.67x
Price to FCF (P/FCF)	--	--	73.78x	44.39x
EV/FCF	--	--	69.3x	41.49x
FCF Yield	-3.77%	-0.76%	1.36%	2.25%