600681.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	4.81B EUR	4.33B EUR	5.93B EUR	5.79B EUR
Enterprise Value	5.54B EUR	6.02B EUR	7.51B EUR	7.21B EUR
Valuation Multiples
Trailing P/E	21.12x	22.37x	26.88x	27.25x
Forward P/E	2.99x	--	--	--
Price to Sales	0.97x	1.04x	1.39x	1.31x
Price to Book	0.98x	1.19x	1.61x	1.63x
EV/Revenue	1.12x	1.44x	1.76x	1.63x
EV/EBITDA	7.17x	12.89x	15.2x	15.23x
Price to FCF (P/FCF)	11.77x	11.3x	14.54x	27.28x
EV/FCF	13.55x	15.7x	18.43x	33.95x
FCF Yield	8.5%	8.85%	6.88%	3.67%