SAPR11.SA 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	13.62B EUR	56.01B EUR	67.29B EUR	60.72B EUR
Enterprise Value	15.6B EUR	58.64B EUR	69.26B EUR	62.51B EUR
Valuation Multiples
Trailing P/E	55.71x	123.02x	54.97x	69.67x
Forward P/E	7.87x	--	--	--
Price to Sales	1.81x	7.43x	9.16x	11.24x
Price to Book	1.13x	4.63x	5.3x	4.92x
EV/Revenue	2.07x	7.77x	9.43x	11.58x
EV/EBITDA	5.35x	40.62x	51.29x	247.27x
Price to FCF (P/FCF)	--	13.09x	13.88x	14.47x
EV/FCF	--	13.71x	14.28x	14.9x
FCF Yield	-2.74%	7.64%	7.21%	6.91%