601021.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	39.28B EUR	44.59B EUR	45.2B EUR	58.21B EUR
Enterprise Value	52.64B EUR	60.06B EUR	59.05B EUR	70.36B EUR
Valuation Multiples
Trailing P/E	17.77x	43.54x	31.04x	50.6x
Forward P/E	13.33x	--	--	--
Price to Sales	1.67x	2.62x	2.87x	3.88x
Price to Book	2.16x	2.52x	2.42x	3.2x
EV/Revenue	2.24x	3.53x	3.75x	4.69x
EV/EBITDA	9.34x	35.65x	26.13x	37.75x
Price to FCF (P/FCF)	--	--	797.88x	--
EV/FCF	--	--	1,042.32x	--
FCF Yield	-2.09%	-3.21%	0.13%	-0.62%