900925.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	1.19B EUR	1.49B EUR	1.34B EUR	1.63B EUR
Enterprise Value	-9.85B EUR	-12.22B EUR	-11.94B EUR	-11.97B EUR
Valuation Multiples
Trailing P/E	11.84x	3.09x	2.42x	2.81x
Forward P/E	--	--	--	--
Price to Sales	0.06x	0.11x	0.09x	0.12x
Price to Book	0.56x	0.11x	0.09x	0.12x
EV/Revenue	-0.51x	-0.87x	-0.85x	-0.85x
EV/EBITDA	-9.97x	-7.25x	-7.47x	-9.83x
Price to FCF (P/FCF)	1.6x	--	--	--
EV/FCF	-13.18x	--	--	--
FCF Yield	62.68%	-29.56%	-10.61%	-10.39%