603596.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	24.5B EUR	22.3B EUR	26.66B EUR	31.1B EUR
Enterprise Value	24.2B EUR	23.23B EUR	27.71B EUR	32.05B EUR
Valuation Multiples
Trailing P/E	18.56x	21.05x	28.41x	33.07x
Forward P/E	12.8x	--	--	--
Price to Sales	1.87x	2.25x	3.01x	3.53x
Price to Book	2.93x	2.65x	3.23x	3.89x
EV/Revenue	1.84x	2.34x	3.13x	3.63x
EV/EBITDA	12.92x	18.46x	25.54x	29.73x
Price to FCF (P/FCF)	58.96x	53.08x	63.27x	92.94x
EV/FCF	58.24x	55.3x	65.77x	95.79x
FCF Yield	1.7%	1.88%	1.58%	1.08%