South Bow Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023
Period Ending	Jan '26 Jan 29, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Market Capitalization	4,998	4,727	-
Enterprise Value	9,558	13,645	-
Last Close Price	23.60	20.11	-
PE Ratio	17.66	15.49	-
PS Ratio	2.98	2.31	-
PB Ratio	2.24	1.88	-
P/TBV Ratio	2.24	1.88	-
P/FCF Ratio	17.10	12.02	-
P/OCF Ratio	11.99	9.25	-
EV/Sales Ratio	5.61	6.66	-
EV/EBITDA Ratio	11.45	14.26	-
EV/EBIT Ratio	15.53	18.96	-
EV/FCF Ratio	32.69	34.71	-
Debt / Equity Ratio	2.20	2.20	2.10
Debt / EBITDA Ratio	6.31	5.77	6.31
Debt / FCF Ratio	16.84	14.10	8.05
Asset Turnover	0.14	0.18	-
Inventory Turnover	6.24	6.05	-
Quick Ratio	0.93	0.94	0.87
Current Ratio	1.36	1.25	1.26
Return on Equity (ROE)	12.19%	11.60%	-
Return on Assets (ROA)	2.93%	3.99%	-
Return on Invested Capital (ROIC)	6.65%	6.83%	6.44%
Return on Capital Employed (ROCE)	6.80%	7.80%	7.00%
Earnings Yield	5.66%	6.46%	-
FCF Yield	5.85%	8.32%	-
Dividend Yield	7.50%	2.40%	-
Payout Ratio	130.42%	38.29%	42.99%
Buyback Yield / Dilution	-0.69%	-0.29%	-
Total Shareholder Return	6.82%	2.11%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.