603039.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	10.68B EUR	11.1B EUR	11.14B EUR	13.95B EUR
Enterprise Value	9.8B EUR	10.75B EUR	10.81B EUR	13.1B EUR
Valuation Multiples
Trailing P/E	31.29x	36.57x	38.36x	54.85x
Forward P/E	25.54x	--	--	--
Price to Sales	4.59x	6.04x	6.19x	7.77x
Price to Book	3.99x	4.14x	4.21x	5.75x
EV/Revenue	4.21x	5.86x	6.01x	7.29x
EV/EBITDA	31.39x	35.08x	36.39x	50.77x
Price to FCF (P/FCF)	76.08x	55.87x	79.45x	146.33x
EV/FCF	69.79x	54.15x	77.13x	137.4x
FCF Yield	1.31%	1.79%	1.26%	0.68%