603233.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	21.37B EUR	17.12B EUR	20.25B EUR	20.07B EUR
Enterprise Value	22.07B EUR	17.01B EUR	18.52B EUR	19.06B EUR
Valuation Multiples
Trailing P/E	15.76x	15.84x	20.18x	21.07x
Forward P/E	12.34x	--	--	--
Price to Sales	0.76x	0.8x	0.97x	0.96x
Price to Book	2.76x	2.21x	2.57x	2.72x
EV/Revenue	0.79x	0.79x	0.88x	0.91x
EV/EBITDA	8.88x	7.75x	9.04x	14.57x
Price to FCF (P/FCF)	8.37x	6.93x	5.99x	4.77x
EV/FCF	8.65x	6.89x	5.48x	4.53x
FCF Yield	11.95%	14.42%	16.69%	20.97%