002866.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	5.3B EUR	4.73B EUR	6.3B EUR	5.21B EUR
Enterprise Value	5.44B EUR	5.36B EUR	7B EUR	5.76B EUR
Valuation Multiples
Trailing P/E	83.27x	122.91x	178.06x	88.21x
Forward P/E	17.12x	--	--	--
Price to Sales	2.43x	2.97x	3.85x	3.34x
Price to Book	2.53x	2.26x	2.99x	2.49x
EV/Revenue	2.5x	3.36x	4.28x	3.69x
EV/EBITDA	25.18x	112.51x	73.97x	47.31x
Price to FCF (P/FCF)	339.81x	54.36x	55.15x	38.17x
EV/FCF	348.58x	61.56x	61.29x	42.16x
FCF Yield	0.29%	1.84%	1.81%	2.62%