229640.KS 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	2.24T EUR	1.86T EUR	1.36T EUR	1.06T EUR
Enterprise Value	2.35T EUR	2T EUR	1.45T EUR	1.15T EUR
Valuation Multiples
Trailing P/E	--	41.96x	31.37x	34.34x
Forward P/E	--	--	--	--
Price to Sales	2x	1.66x	1.34x	1.45x
Price to Book	--	7.4x	5.87x	5.06x
EV/Revenue	2.1x	1.79x	1.43x	1.58x
EV/EBITDA	29.19x	23.13x	17.42x	19.03x
Price to FCF (P/FCF)	--	--	26.66x	21.78x
EV/FCF	--	--	28.52x	23.76x
FCF Yield	-1.75%	-0.14%	3.75%	4.59%