002169.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	9.06B EUR	11.46B EUR	11.14B EUR	9.06B EUR
Enterprise Value	12.3B EUR	15.24B EUR	14.52B EUR	11.92B EUR
Valuation Multiples
Trailing P/E	38.57x	49.69x	58.17x	68.8x
Forward P/E	36.16x	--	--	--
Price to Sales	2.04x	3.2x	3.33x	3.06x
Price to Book	3.23x	4.09x	3.98x	3.18x
EV/Revenue	2.77x	4.25x	4.34x	4.03x
EV/EBITDA	31.32x	84.43x	102.36x	172.41x
Price to FCF (P/FCF)	2,310.55x	--	--	--
EV/FCF	3,138.65x	--	--	--
FCF Yield	0.04%	-2.87%	-2.12%	-1.6%