600521.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	26.13B EUR	21.56B EUR	24.05B EUR	25.41B EUR
Enterprise Value	32.52B EUR	27.88B EUR	30.82B EUR	31.94B EUR
Valuation Multiples
Trailing P/E	41.55x	32.82x	59.77x	85.98x
Forward P/E	52.88x	--	--	--
Price to Sales	2.91x	3.04x	3.61x	3.8x
Price to Book	2.73x	2.2x	2.44x	2.69x
EV/Revenue	3.62x	3.93x	4.63x	4.77x
EV/EBITDA	18.23x	25.18x	35.88x	40.74x
Price to FCF (P/FCF)	--	125.3x	--	--
EV/FCF	--	162.03x	--	--
FCF Yield	-1.39%	0.8%	-1.92%	-2.38%