600825.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	13.09B EUR	4.72B EUR	6.15B EUR	6.46B EUR
Enterprise Value	11.22B EUR	3.31B EUR	4.89B EUR	5.16B EUR
Valuation Multiples
Trailing P/E	313.25x	75.66x	98.71x	104.14x
Forward P/E	--	--	--	--
Price to Sales	9.02x	3.73x	4.86x	5.1x
Price to Book	5.21x	1.88x	2.46x	2.59x
EV/Revenue	7.73x	2.61x	3.86x	4.08x
EV/EBITDA	1,651.53x	44.36x	85.05x	100.61x
Price to FCF (P/FCF)	189.04x	29.62x	89.92x	75.85x
EV/FCF	162.04x	20.75x	71.49x	60.64x
FCF Yield	0.53%	3.38%	1.11%	1.32%