600023.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	71.33B EUR	70.53B EUR	72.81B EUR	66.37B EUR
Enterprise Value	116.95B EUR	102.17B EUR	104.57B EUR	99.87B EUR
Valuation Multiples
Trailing P/E	12.98x	25.18x	15.55x	13.8x
Forward P/E	8.47x	--	--	--
Price to Sales	0.93x	1.32x	1.34x	1.18x
Price to Book	0.97x	0.96x	0.94x	0.87x
EV/Revenue	1.53x	1.92x	1.93x	1.78x
EV/EBITDA	11.5x	26.38x	16.41x	14.47x
Price to FCF (P/FCF)	--	--	31.66x	40.73x
EV/FCF	--	--	45.46x	61.28x
FCF Yield	-0.52%	-0.21%	3.16%	2.46%