600048.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	67.63B EUR	55.42B EUR	69.67B EUR	73.02B EUR
Enterprise Value	401.36B EUR	257.09B EUR	284.71B EUR	294.18B EUR
Valuation Multiples
Trailing P/E	282.5x	52.05x	89.12x	36.53x
Forward P/E	19.96x	--	--	--
Price to Sales	0.23x	0.23x	0.29x	0.29x
Price to Book	0.34x	0.28x	0.36x	0.38x
EV/Revenue	1.36x	1.08x	1.17x	1.17x
EV/EBITDA	32.58x	16.55x	15.99x	14.47x
Price to FCF (P/FCF)	1.56x	1.72x	2.27x	3.07x
EV/FCF	9.29x	7.98x	9.26x	12.38x
FCF Yield	63.91%	58.11%	44.14%	32.54%