603000.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	18.56B EUR	16.35B EUR	21.7B EUR	21.06B EUR
Enterprise Value	16.63B EUR	15.37B EUR	20.88B EUR	19.07B EUR
Valuation Multiples
Trailing P/E	76.32x	81.64x	142.98x	121.09x
Forward P/E	129.15x	--	--	--
Price to Sales	8.9x	9.8x	13.15x	12.7x
Price to Book	4.95x	4.36x	5.64x	5.42x
EV/Revenue	7.98x	9.21x	12.65x	11.5x
EV/EBITDA	59.04x	50.07x	81.91x	69.1x
Price to FCF (P/FCF)	62x	51.97x	78.88x	63.62x
EV/FCF	55.54x	48.83x	75.89x	57.62x
FCF Yield	1.61%	1.92%	1.27%	1.57%