002065.SZ 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	21.06B EUR	22.89B EUR	25.52B EUR	29.33B EUR
Enterprise Value	26.03B EUR	27.45B EUR	29.84B EUR	33.61B EUR
Valuation Multiples
Trailing P/E	46.93x	65.49x	67.63x	79.15x
Forward P/E	43.8x	--	--	--
Price to Sales	1.67x	2.36x	2.6x	2.91x
Price to Book	1.68x	1.82x	2.06x	2.38x
EV/Revenue	2.07x	2.83x	3.03x	3.34x
EV/EBITDA	37.97x	35.02x	38.09x	48.92x
Price to FCF (P/FCF)	64.24x	7.56x	8.82x	11.62x
EV/FCF	79.4x	9.07x	10.31x	13.32x
FCF Yield	1.56%	13.22%	11.34%	8.6%