4017.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	7.88B EUR	8.45B EUR	7.78B EUR	7.84B EUR
Enterprise Value	9.31B EUR	9.46B EUR	8.64B EUR	8.58B EUR
Valuation Multiples
Trailing P/E	33.94x	36.37x	30.36x	35.98x
Forward P/E	--	--	--	--
Price to Sales	2.54x	2.72x	2.5x	3.28x
Price to Book	2.47x	2.64x	2.42x	2.47x
EV/Revenue	3x	3.05x	2.77x	3.59x
EV/EBITDA	23.83x	19.61x	17.74x	22.28x
Price to FCF (P/FCF)	58.7x	68.27x	--	251.65x
EV/FCF	69.31x	76.47x	--	275.31x
FCF Yield	1.7%	1.46%	-0.16%	0.4%