603929.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	28.27B EUR	58.04B EUR	38.38B EUR	20.38B EUR
Enterprise Value	25.19B EUR	55.27B EUR	35.01B EUR	16.7B EUR
Valuation Multiples
Trailing P/E	23.12x	61.74x	49.43x	33.37x
Forward P/E	7.33x	--	--	--
Price to Sales	4.9x	13.36x	10.16x	5.85x
Price to Book	11.84x	24.31x	15.2x	8.84x
EV/Revenue	4.36x	12.72x	9.27x	4.8x
EV/EBITDA	17.94x	51.4x	40.34x	23.93x
Price to FCF (P/FCF)	125.58x	126.15x	118.88x	13.87x
EV/FCF	111.88x	120.13x	108.44x	11.37x
FCF Yield	0.8%	0.79%	0.84%	7.21%