600039.SS 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	76.87B EUR	68B EUR	87.56B EUR	86.52B EUR
Enterprise Value	133.31B EUR	124.77B EUR	141.32B EUR	135.87B EUR
Valuation Multiples
Trailing P/E	10.05x	13.37x	19.47x	18.11x
Forward P/E	8.75x	--	--	--
Price to Sales	0.65x	0.77x	1.04x	1.01x
Price to Book	1.47x	1.32x	1.62x	1.64x
EV/Revenue	1.13x	1.41x	1.67x	1.59x
EV/EBITDA	9.53x	12.94x	15.98x	14.85x
Price to FCF (P/FCF)	11.4x	29.6x	30.56x	28.98x
EV/FCF	19.77x	54.31x	49.32x	45.51x
FCF Yield	8.77%	3.38%	3.27%	3.45%