600103.SS Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	7.57B EUR	6.88B EUR	7.69B EUR
Enterprise Value	6.32B EUR	6.81B EUR	7.66B EUR
Valuation Multiples
Trailing P/E	171x	124.36x	126.13x
Forward P/E	--	--	--
Price to Sales	3.1x	2.79x	3.16x
Price to Book	1.92x	1.73x	1.93x
EV/Revenue	2.59x	2.76x	3.15x
EV/EBITDA	23.76x	36.47x	40.94x
Price to FCF (P/FCF)	15.78x	31.6x	227.99x
EV/FCF	13.18x	31.3x	227.22x
FCF Yield	6.34%	3.16%	0.44%