002867.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	11.2B EUR	12.1B EUR	12.96B EUR	13.22B EUR
Enterprise Value	10.96B EUR	11.86B EUR	13.07B EUR	13.1B EUR
Valuation Multiples
Trailing P/E	11.73x	18.02x	15.13x	16.21x
Forward P/E	9.13x	--	--	--
Price to Sales	1.43x	2.13x	2.19x	1.99x
Price to Book	1.8x	1.95x	1.91x	2.04x
EV/Revenue	1.39x	2.09x	2.21x	1.97x
EV/EBITDA	9.36x	8.91x	8.87x	12.65x
Price to FCF (P/FCF)	22.82x	623.97x	--	64.56x
EV/FCF	22.32x	611.66x	--	63.94x
FCF Yield	4.38%	0.16%	-2.59%	1.55%