002928.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	7.98B EUR	8.93B EUR	10.02B EUR	14.12B EUR
Enterprise Value	23.72B EUR	24.04B EUR	24.38B EUR	28.33B EUR
Valuation Multiples
Trailing P/E	18.91x	180.16x	32.44x	54.99x
Forward P/E	11.63x	--	--	--
Price to Sales	1.05x	1.64x	1.86x	2.65x
Price to Book	2.02x	2.3x	2.52x	3.65x
EV/Revenue	3.13x	4.41x	4.53x	5.31x
EV/EBITDA	19.45x	45.08x	28.28x	37.18x
Price to FCF (P/FCF)	--	--	--	--
EV/FCF	--	--	--	--
FCF Yield	-22.41%	-18.93%	-4.78%	-3.04%