601018.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	70.62B EUR	61.28B EUR	79.57B EUR	70.62B EUR
Enterprise Value	84.27B EUR	67.99B EUR	84.93B EUR	74.88B EUR
Valuation Multiples
Trailing P/E	13.44x	15.97x	20.47x	18.15x
Forward P/E	15.78x	--	--	--
Price to Sales	2.14x	2.45x	3.29x	3.06x
Price to Book	0.87x	0.75x	0.97x	0.87x
EV/Revenue	2.56x	2.72x	3.51x	3.24x
EV/EBITDA	8.58x	9.67x	12.14x	14.07x
Price to FCF (P/FCF)	--	74.82x	231.15x	9.97x
EV/FCF	--	83.02x	246.73x	10.58x
FCF Yield	-3.2%	1.34%	0.43%	10.03%