605123.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	9.04B EUR	11.75B EUR	11.83B EUR	12.59B EUR
Enterprise Value	8.01B EUR	10.72B EUR	10.8B EUR	11.24B EUR
Valuation Multiples
Trailing P/E	32.72x	54.99x	59.34x	66.16x
Forward P/E	19.08x	--	--	--
Price to Sales	2.26x	3.79x	4.06x	4.77x
Price to Book	1.91x	2.48x	2.54x	2.75x
EV/Revenue	2x	3.46x	3.71x	4.26x
EV/EBITDA	16.14x	35.95x	37.22x	41.48x
Price to FCF (P/FCF)	--	--	--	--
EV/FCF	--	--	--	--
FCF Yield	-3.95%	-2.44%	-2.61%	-1.32%