603128.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	7.06B EUR	6.61B EUR	7.44B EUR	7.99B EUR
Enterprise Value	8.44B EUR	7.85B EUR	8.3B EUR	8.49B EUR
Valuation Multiples
Trailing P/E	14.57x	16.42x	19.37x	19.51x
Forward P/E	11.47x	--	--	--
Price to Sales	0.37x	0.47x	0.56x	0.61x
Price to Book	1.1x	1.03x	1.18x	1.28x
EV/Revenue	0.44x	0.56x	0.62x	0.65x
EV/EBITDA	12.58x	13.18x	15.06x	14.82x
Price to FCF (P/FCF)	--	40.23x	20.11x	28.56x
EV/FCF	--	47.8x	22.46x	30.35x
FCF Yield	-12.28%	2.49%	4.97%	3.5%