600529.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	12.13B EUR	12.24B EUR	12.29B EUR	13.23B EUR
Enterprise Value	9.39B EUR	10B EUR	9.79B EUR	12.19B EUR
Valuation Multiples
Trailing P/E	17.58x	23.63x	24.78x	25.52x
Forward P/E	15.9x	--	--	--
Price to Sales	2.69x	2.72x	2.72x	4x
Price to Book	1.42x	1.43x	1.47x	1.59x
EV/Revenue	2.08x	2.22x	2.17x	3.69x
EV/EBITDA	7.55x	13.6x	13.26x	16.45x
Price to FCF (P/FCF)	35.96x	33.77x	40.35x	46.45x
EV/FCF	27.83x	27.59x	32.16x	42.81x
FCF Yield	2.78%	2.96%	2.48%	2.15%