000120.KS 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	1.38T EUR	1.5T EUR	2.16T EUR	1.89T EUR
Enterprise Value	5.38T EUR	5.47T EUR	6.09T EUR	5.45T EUR
Valuation Multiples
Trailing P/E	--	6.74x	8.98x	9.15x
Forward P/E	--	--	--	--
Price to Sales	0.11x	0.12x	0.17x	0.2x
Price to Book	--	0.36x	0.52x	0.46x
EV/Revenue	0.42x	0.43x	0.49x	0.59x
EV/EBITDA	4.6x	9.69x	10.51x	11.61x
Price to FCF (P/FCF)	7.51x	9.05x	6.64x	7.21x
EV/FCF	29.24x	32.97x	18.69x	20.81x
FCF Yield	13.32%	11.05%	15.06%	13.87%