USIM3.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	8.64B EUR	9.4B EUR	8.2B EUR	7.34B EUR
Enterprise Value	10.97B EUR	10.59B EUR	10.28B EUR	9.26B EUR
Valuation Multiples
Trailing P/E	--	7.71x	8.79x	15.89x
Forward P/E	4.88x	--	--	--
Price to Sales	0.35x	0.52x	0.44x	0.37x
Price to Book	0.42x	0.45x	0.4x	0.35x
EV/Revenue	0.44x	0.58x	0.55x	0.47x
EV/EBITDA	5.34x	2.25x	2.36x	2.11x
Price to FCF (P/FCF)	6.11x	10.65x	7.26x	18.52x
EV/FCF	7.76x	12x	9.11x	23.38x
FCF Yield	16.36%	9.39%	13.77%	5.4%