1212.SR 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	9.88B EUR	10.53B EUR	12.23B EUR	11.34B EUR
Enterprise Value	10.06B EUR	10.9B EUR	12.34B EUR	11.51B EUR
Valuation Multiples
Trailing P/E	14.43x	20.33x	24.43x	22.7x
Forward P/E	16.58x	--	--	--
Price to Sales	3.2x	4.46x	5.32x	4.84x
Price to Book	3.21x	3.42x	3.9x	3.83x
EV/Revenue	3.26x	4.62x	5.37x	4.92x
EV/EBITDA	13.15x	17.22x	19.63x	18.23x
Price to FCF (P/FCF)	30.19x	25.28x	32.85x	25.05x
EV/FCF	30.75x	26.16x	33.13x	25.44x
FCF Yield	3.31%	3.96%	3.04%	3.99%