688029.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	15.65B EUR	13.49B EUR	13.56B EUR	15.32B EUR
Enterprise Value	13.93B EUR	12.5B EUR	12.67B EUR	14.12B EUR
Valuation Multiples
Trailing P/E	32.67x	37x	33.07x	36.1x
Forward P/E	22.01x	--	--	--
Price to Sales	4.68x	5.33x	5.37x	6.47x
Price to Book	3.71x	3.22x	3.2x	3.71x
EV/Revenue	4.16x	4.94x	5.02x	5.96x
EV/EBITDA	18.69x	25.06x	22.96x	25.01x
Price to FCF (P/FCF)	43.72x	44.64x	40.82x	53.31x
EV/FCF	38.91x	41.38x	38.16x	49.14x
FCF Yield	2.29%	2.24%	2.45%	1.88%