4003.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	4.34B EUR	5.59B EUR	6.26B EUR	6.54B EUR
Enterprise Value	6.83B EUR	7.84B EUR	8.46B EUR	8.61B EUR
Valuation Multiples
Trailing P/E	8.89x	10.73x	11.91x	15.91x
Forward P/E	8.42x	--	--	--
Price to Sales	0.57x	0.73x	0.83x	1.15x
Price to Book	2.6x	3.39x	4.04x	4x
EV/Revenue	0.89x	1.03x	1.12x	1.51x
EV/EBITDA	9.46x	8.26x	8.94x	11.73x
Price to FCF (P/FCF)	--	51.99x	42.42x	74.85x
EV/FCF	--	72.88x	57.36x	98.61x
FCF Yield	-1.7%	1.92%	2.36%	1.34%