4001.SR 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	3.66B EUR	5.27B EUR	5.5B EUR	5.52B EUR
Enterprise Value	6.67B EUR	8.23B EUR	8.05B EUR	8.43B EUR
Valuation Multiples
Trailing P/E	45.22x	66.65x	24.18x	31.76x
Forward P/E	8.31x	--	--	--
Price to Sales	0.34x	0.48x	0.5x	0.69x
Price to Book	3.41x	4.92x	4.48x	4.5x
EV/Revenue	0.61x	0.75x	0.74x	1.06x
EV/EBITDA	17.64x	11.27x	9.14x	12.74x
Price to FCF (P/FCF)	13.08x	11.58x	15.3x	--
EV/FCF	23.81x	18.06x	22.4x	--
FCF Yield	7.65%	8.64%	6.53%	-1.52%