600022.SS 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	14.02B EUR	13.27B EUR	16.26B EUR	16.16B EUR
Enterprise Value	39.43B EUR	29.13B EUR	33.13B EUR	32.32B EUR
Valuation Multiples
Trailing P/E	131x	119.65x	--	82.4x
Forward P/E	-26.2x	--	--	--
Price to Sales	0.22x	0.21x	0.25x	0.33x
Price to Book	0.73x	0.7x	0.86x	0.85x
EV/Revenue	0.61x	0.45x	0.52x	0.66x
EV/EBITDA	9.87x	17.43x	22.79x	23.4x
Price to FCF (P/FCF)	2.3x	8.84x	9.8x	7.06x
EV/FCF	6.48x	19.41x	19.97x	14.13x
FCF Yield	43.41%	11.31%	10.2%	14.16%