603229.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	6.8B EUR	6.43B EUR	8.4B EUR	8.24B EUR
Enterprise Value	6.12B EUR	5.79B EUR	7.74B EUR	7.47B EUR
Valuation Multiples
Trailing P/E	74.45x	148.15x	119.44x	88.68x
Forward P/E	19.5x	--	--	--
Price to Sales	8.73x	10.46x	13.32x	13.1x
Price to Book	2.83x	2.69x	3.55x	3.63x
EV/Revenue	7.86x	9.42x	12.27x	11.88x
EV/EBITDA	41.99x	126.17x	76.88x	60.55x
Price to FCF (P/FCF)	--	--	--	--
EV/FCF	--	--	--	--
FCF Yield	-1.56%	-1.59%	-0.58%	-0.27%