Company Valuation: Bullish

Data adjusted to current consolidation scope
Fiscal Period: December 2025 2026 2027 2028
Market Cap 1 5,706 5,699 - -
Change - -0.13% - -
Enterprise Value (EV) 5,706 5,699 5,699 5,699
Change - -0.13% 0% 0%
P/E -6.16x -9.44x 11.5x -
PBR 1.5x 2.51x - -
PEG 0x 0.3x -0x -
Capitalization / Revenue 19.8x 16x 14x 13x
EV / Revenue 0x 16x 14x 13x
EV / EBITDA 0x 43.7x 34.5x 32.5x
EV / EBIT 0x 55.2x - -
EV / FCF 0x 58.8x 53.8x -
FCF Yield 0.33% 1.7% 1.86% -
Dividend per Share 2 - - - -
Rate of return - - - -
EPS 2 -6.15 -3.98 3.27 -
Distribution rate - - - -
Net sales 1 288.5 357.2 405.6 438
EBITDA 1 94.27 130.5 165.2 175.1
EBIT 1 91.21 103.2 - -
Net income 1 -436.6 -588.8 528.7 -
Net Debt - - - -
Reference price 2 37.87 37.58 37.58 37.58
Nbr of stocks (in thousands) 150,684 151,648 - -
Announcement Date 2/5/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-12.03x - - -.--% 5.7B
-66.61x8.96x42.04x-.--% 51.48B
-22.96x14.33x21.09x-.--% 17.39B
-1.26x - - - 16.62B
-4.17x13.04x39.22x-.--% 5.57B
-6.51x5.87x38.49x - 3.13B
26.22x - - - 2.54B
-3.31x - - - 2.39B
Average -11.33x 10.55x 35.21x 0% 13.1B
Weighted average by Cap. -37.23x 10.33x 37.00x 0%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield