600004.SS 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	19.84B EUR	18.71B EUR	23.12B EUR	24.38B EUR
Enterprise Value	12.85B EUR	11.4B EUR	17.37B EUR	18.98B EUR
Valuation Multiples
Trailing P/E	16.38x	23.42x	23.25x	21.72x
Forward P/E	18.33x	--	--	--
Price to Sales	2.39x	2.96x	3.77x	4.07x
Price to Book	0.96x	0.9x	1.09x	1.16x
EV/Revenue	1.55x	1.81x	2.83x	3.17x
EV/EBITDA	5.75x	13.61x	15.65x	15.05x
Price to FCF (P/FCF)	8.96x	14.99x	21.94x	16.5x
EV/FCF	5.8x	9.14x	16.48x	12.85x
FCF Yield	11.16%	6.67%	4.56%	6.06%