600104.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	124.49B EUR	112.19B EUR	167.72B EUR	174.96B EUR
Enterprise Value	-32.03B EUR	69.17B EUR	139.67B EUR	152.47B EUR
Valuation Multiples
Trailing P/E	13.37x	15.68x	20.9x	21.81x
Forward P/E	9.78x	--	--	--
Price to Sales	0.19x	0.23x	0.34x	0.36x
Price to Book	0.41x	0.38x	0.56x	0.59x
EV/Revenue	-0.05x	0.14x	0.29x	0.31x
EV/EBITDA	-1.02x	2.29x	4.57x	6.42x
Price to FCF (P/FCF)	2.39x	2.88x	5.03x	33.5x
EV/FCF	-0.62x	1.78x	4.19x	29.19x
FCF Yield	41.81%	34.69%	19.88%	2.99%