4200.SR 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	11.73B EUR	11.4B EUR	13.35B EUR	12.79B EUR
Enterprise Value	16.25B EUR	15.92B EUR	17.93B EUR	16.86B EUR
Valuation Multiples
Trailing P/E	25.39x	33.3x	42.37x	41.8x
Forward P/E	26.48x	--	--	--
Price to Sales	0.42x	0.54x	0.67x	0.68x
Price to Book	6.86x	6.66x	8.41x	7.57x
EV/Revenue	0.58x	0.76x	0.9x	0.89x
EV/EBITDA	19.16x	15.6x	18.55x	17.91x
Price to FCF (P/FCF)	25.02x	32.13x	143.66x	39.82x
EV/FCF	34.68x	44.88x	192.96x	52.49x
FCF Yield	4%	3.11%	0.7%	2.51%