600820.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	16.7B EUR	16.38B EUR	20B EUR	20.41B EUR
Enterprise Value	40.13B EUR	37.51B EUR	39.11B EUR	30.25B EUR
Valuation Multiples
Trailing P/E	9x	10.48x	11.78x	11.79x
Forward P/E	5.01x	--	--	--
Price to Sales	0.3x	0.37x	0.47x	0.45x
Price to Book	0.53x	0.36x	0.45x	0.5x
EV/Revenue	0.72x	0.86x	0.91x	0.66x
EV/EBITDA	9.15x	11.75x	11.63x	9.13x
Price to FCF (P/FCF)	38.42x	--	--	--
EV/FCF	92.33x	--	--	--
FCF Yield	2.6%	-8.14%	-14.96%	-15.62%