600285.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	11.15B EUR	10.99B EUR	12.68B EUR	11.74B EUR
Enterprise Value	10.04B EUR	10.61B EUR	12.5B EUR	11.76B EUR
Valuation Multiples
Trailing P/E	13.85x	18.21x	20.69x	20.15x
Forward P/E	13.11x	--	--	--
Price to Sales	2.86x	3.71x	4.2x	4.03x
Price to Book	3.45x	3.4x	3.47x	3.45x
EV/Revenue	2.57x	3.59x	4.14x	4.04x
EV/EBITDA	10.58x	14.89x	17.41x	17.26x
Price to FCF (P/FCF)	16.62x	14.78x	24.5x	31.93x
EV/FCF	14.97x	14.27x	24.17x	31.97x
FCF Yield	6.02%	6.77%	4.08%	3.13%