WCC 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	17.82B EUR	16.83B EUR	13.32B EUR	11.9B EUR
Enterprise Value	23.24B EUR	22.73B EUR	19.14B EUR	17.83B EUR
Valuation Multiples
Trailing P/E	24.61x	23.7x	19.72x	22.81x
Forward P/E	18.25x	--	--	--
Price to Sales	0.71x	0.67x	0.55x	0.66x
Price to Book	3.41x	3.22x	2.61x	2.37x
EV/Revenue	0.93x	0.91x	0.79x	0.98x
EV/EBITDA	14.64x	14.37x	12.54x	15.09x
Price to FCF (P/FCF)	100.66x	108.53x	61.8x	676.35x
EV/FCF	131.24x	146.56x	88.77x	1,013.21x
FCF Yield	0.99%	0.92%	1.62%	0.15%