002104.SZ 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	7.34B EUR	7.3B EUR	10.92B EUR	15.31B EUR
Enterprise Value	6.13B EUR	6.93B EUR	10.56B EUR	14.88B EUR
Valuation Multiples
Trailing P/E	--	--	910.04x	269.5x
Forward P/E	--	--	--	--
Price to Sales	10.12x	13.49x	19.45x	22.43x
Price to Book	3.49x	3.47x	5.11x	7.09x
EV/Revenue	8.45x	12.81x	18.81x	21.8x
EV/EBITDA	-915.28x	--	--	558.82x
Price to FCF (P/FCF)	--	--	138.57x	116.99x
EV/FCF	--	--	134.02x	113.71x
FCF Yield	-0.85%	-0.88%	0.72%	0.85%