4161.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	5.05B EUR	5.58B EUR	5.35B EUR	5.27B EUR
Enterprise Value	8.27B EUR	8.66B EUR	7.98B EUR	7.81B EUR
Valuation Multiples
Trailing P/E	18.42x	20.61x	19.6x	25.98x
Forward P/E	14.73x	--	--	--
Price to Sales	0.76x	0.84x	0.82x	1.13x
Price to Book	3.13x	3.47x	3.35x	3.44x
EV/Revenue	1.24x	1.3x	1.23x	1.67x
EV/EBITDA	13.73x	8.93x	8.34x	10.97x
Price to FCF (P/FCF)	16.2x	9.73x	8.96x	24.81x
EV/FCF	26.53x	15.11x	13.37x	36.78x
FCF Yield	6.17%	10.28%	11.17%	4.03%