USIM5.SA 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	8.99B EUR	10.4B EUR	8.3B EUR	7.32B EUR
Enterprise Value	11.41B EUR	11.59B EUR	10.38B EUR	9.25B EUR
Valuation Multiples
Trailing P/E	--	8.53x	8.9x	15.86x
Forward P/E	5.5x	--	--	--
Price to Sales	0.36x	0.57x	0.44x	0.37x
Price to Book	0.43x	0.5x	0.4x	0.35x
EV/Revenue	0.46x	0.64x	0.56x	0.47x
EV/EBITDA	5.56x	2.46x	2.38x	2.11x
Price to FCF (P/FCF)	6.35x	11.78x	7.35x	18.49x
EV/FCF	8.07x	13.13x	9.2x	23.35x
FCF Yield	15.74%	8.49%	13.61%	5.41%