9696.HK 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	47.04B EUR	59.35B EUR	78.64B EUR	84.28B EUR
Enterprise Value	63.64B EUR	64.6B EUR	84.76B EUR	95.22B EUR
Valuation Multiples
Trailing P/E	9.15x	13.12x	36.77x	229.55x
Forward P/E	7.8x	--	--	--
Price to Sales	2.65x	3.91x	7.62x	10.83x
Price to Book	0.83x	1.23x	1.7x	1.99x
EV/Revenue	3.58x	4.25x	8.21x	12.24x
EV/EBITDA	6.08x	5.99x	13.33x	24.99x
Price to FCF (P/FCF)	--	76.34x	--	--
EV/FCF	--	83.1x	--	--
FCF Yield	-1.41%	1.31%	-0.98%	-0.41%