2039.HK 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	38.58B EUR	40.07B EUR	52.58B EUR	50.31B EUR
Enterprise Value	67.84B EUR	54.12B EUR	62.98B EUR	61.28B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	6.24x	--	--	--
Price to Sales	0.24x	0.34x	0.47x	0.44x
Price to Book	0.7x	0.8x	1.04x	1x
EV/Revenue	0.43x	0.46x	0.56x	0.53x
EV/EBITDA	7.63x	11.72x	12.54x	15.02x
Price to FCF (P/FCF)	10.14x	8.85x	6.94x	4.23x
EV/FCF	17.83x	11.95x	8.32x	5.15x
FCF Yield	9.86%	11.3%	14.4%	23.64%