600546.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	27.56B EUR	21.67B EUR	22.01B EUR	20B EUR
Enterprise Value	29.8B EUR	20.45B EUR	21.95B EUR	20.35B EUR
Valuation Multiples
Trailing P/E	18.05x	19.18x	23.19x	25.81x
Forward P/E	--	--	--	--
Price to Sales	1.23x	0.97x	1.02x	1.2x
Price to Book	1.59x	1.25x	1.32x	1.24x
EV/Revenue	1.34x	0.92x	1.02x	1.22x
EV/EBITDA	5.03x	6.55x	8.78x	9.4x
Price to FCF (P/FCF)	5.03x	8.15x	11.42x	--
EV/FCF	5.44x	7.69x	11.39x	--
FCF Yield	19.87%	12.27%	8.75%	-1.78%