ALIV-SDB.ST 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	80.49B EUR	83.3B EUR	73.89B EUR	83.3B EUR
Enterprise Value	82.31B EUR	85.11B EUR	75.8B EUR	85.01B EUR
Valuation Multiples
Trailing P/E	13.84x	129.75x	104.22x	146.65x
Forward P/E	131.93x	--	--	--
Price to Sales	7.26x	7.52x	6.72x	10.11x
Price to Book	32.32x	33.45x	28.05x	32.39x
EV/Revenue	7.43x	7.68x	6.9x	10.32x
EV/EBITDA	52.8x	59.69x	51.25x	74.31x
Price to FCF (P/FCF)	108.46x	110.04x	127.39x	112.41x
EV/FCF	110.91x	112.44x	130.69x	114.72x
FCF Yield	0.92%	0.91%	0.78%	0.89%