603605.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	22.26B EUR	23.73B EUR	24.08B EUR	27.12B EUR
Enterprise Value	17.41B EUR	19.28B EUR	20.25B EUR	22.97B EUR
Valuation Multiples
Trailing P/E	11.91x	14.47x	19.31x	21.34x
Forward P/E	12.51x	--	--	--
Price to Sales	2.1x	2.67x	2.73x	3.06x
Price to Book	3.28x	3.54x	3.76x	4.42x
EV/Revenue	1.64x	2.17x	2.3x	2.59x
EV/EBITDA	10.9x	9.52x	12.27x	13.63x
Price to FCF (P/FCF)	12.41x	13.17x	15.05x	12.53x
EV/FCF	9.71x	10.7x	12.65x	10.61x
FCF Yield	8.06%	7.59%	6.65%	7.98%