STC 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	1.54B EUR	2.01B EUR	1.87B EUR	2.12B EUR
Enterprise Value	2.06B EUR	2.52B EUR	2.37B EUR	2.57B EUR
Valuation Multiples
Trailing P/E	11.09x	14.92x	14.48x	18.88x
Forward P/E	7.2x	--	--	--
Price to Sales	0.47x	0.62x	0.61x	0.92x
Price to Book	0.93x	1.21x	1.14x	1.29x
EV/Revenue	0.63x	0.77x	0.77x	1.11x
EV/EBITDA	7.2x	--	--	--
Price to FCF (P/FCF)	11.42x	13.4x	12.2x	12.17x
EV/FCF	15.24x	16.8x	15.45x	14.73x
FCF Yield	8.75%	7.46%	8.2%	8.22%