603369.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	34.44B EUR	29.56B EUR	33.04B EUR	43.36B EUR
Enterprise Value	29.66B EUR	25.99B EUR	27.22B EUR	39.38B EUR
Valuation Multiples
Trailing P/E	14.02x	13.84x	16.32x	18.99x
Forward P/E	12.79x	--	--	--
Price to Sales	3.56x	3.82x	4.42x	5.26x
Price to Book	2.01x	1.72x	1.84x	2.62x
EV/Revenue	3.07x	3.36x	3.64x	4.77x
EV/EBITDA	8.88x	9.41x	10.6x	13.57x
Price to FCF (P/FCF)	--	23.35x	24.98x	131.6x
EV/FCF	--	20.53x	20.58x	119.5x
FCF Yield	-2.75%	4.28%	4%	0.76%