311.8
Revenue€M
148.3
165.0
178.7
198.2
217.8
239.7
259.6
284.1
312.9
341.7
330.7
9.43%
9.71%
59
19.99
Revenue growth%
27.53
25.03
27.81
25.43
27.77
29.45
27.62
27.04
28.09
27.74
26.11
27.74
27.68
39
17.31
Gross margin%
20.18
21.22
21.28
19.03
19.25
18.11
20.23
22.65
21.11
20.23
11.97
20.23
20.23
59
14.80
Operating margin%
13.73
14.79
12.79
11.78
10.49
10.19
7.52
6.02
7.58
6.95
21.55
7.52
10.34
31
21.18
Net margin%
16.20
13.32
11.93
13.59
12.87
15.57
13.95
11.04
12.38
12.08
29.51
12.38
13.10
60
28.87
P/E ratio (avg)x
6.774
6.050
6.542
7.048
6.375
5.576
4.817
4.791
4.602
4.404
22.23
4.791
5.813
45
9.051
EV/EBITx
51.52
56.51
56.60
57.25
60.71
65.91
65.18
76.92
76.06
83.22
27.18
76.06
62.94
32
12.16
FCF yield (avg)%
22.82
23.87
26.28
27.34
28.33
30.02
31.22
29.37
28.56
31.47
12.62
30.02
28.45
45
6.96
FCF margin%
12.34
9.63
12.19
12.70
15.60
17.49
14.58
12.74
12.90
13.76
2.66
13.76
12.82
20
1.063
FCF / Net incomex
1.526
1.400
1.433
1.571
1.680
1.733
1.861
2.096
1.960
2.029
0.322
1.960
1.707
58
17.60
ROIC%
25.14
23.91
23.63
21.44
19.94
20.65
18.47
20.19
21.15
22.04
9.38
20.65
21.30
42
15.49
Return on equity%
12.09
12.67
15.04
14.72
15.92
17.58
17.69
19.08
17.39
16.00
10.18
17.58
15.96
61
22.80
Return on assets%
10.90
12.28
10.59
11.49
12.58
15.40
16.14
16.39
19.21
18.31
20.09
16.39
13.99
9
5.00
EPS€
5.06
4.73
4.50
4.55
4.52
5.02
5.33
5.00
5.32
5.29
5.30
3.19%
1.05%
—
20.11
EPS growth%
29.10
26.44
23.72
21.64
19.11
18.13
18.81
18.09
16.48
15.71
22.98
18.09
18.96
24
3.03
Bookvalue per sh€
6.03
6.30
6.43
6.59
6.54
6.63
6.24
6.39
6.63
6.09
3.70
(1.43%)
0.87%
—
5.44
FCF per share€
6.64
7.49
7.25
7.49
8.72
8.93
9.55
9.15
10.58
10.86
1.74
4.48%
5.64%
—
1.40
Dividend per sh€
1.32
1.40
1.44
1.35
1.26
1.43
1.32
1.22
1.34
1.24
4.20
(0.35%)
(0.73%)
—
22.71
Div yield (avg)%
15.86
13.21
13.63
16.02
13.66
13.53
16.33
16.04
15.04
12.47
19.50
15.04
14.35
80
22.99
Payout ratio%
14.00
12.92
11.17
11.35
10.83
13.38
15.59
12.95
11.12
11.42
3.29
12.95
12.17
70
58.08
Shares (diluted)M
80.90
93.59
102.3
98.73
102.2
120.7
121.0
118.0
131.9
136.9
56.39
6.01%
6.53%
86
7.87
Buyback yield%
13.52
13.13
11.99
12.26
10.64
10.73
9.87
12.54
13.72
12.51
28.95
12.51
12.38
93
0.612
D/E ratiox
1.895
1.913
1.833
2.082
2.110
2.069
2.102
2.164
2.396
2.466
1.291
2.164
2.092
62
350.3
Enterprise value€M
185.7
217.6
227.1
267.1
264.8
298.9
318.5
322.2
365.2
381.8
46.85
7.60%
7.65%
31
316.5
LT debt€M
36.41
39.28
38.35
38.96
46.63
53.02
60.21
64.98
75.82
89.89
390.9
14.03%
11.48%
89
Revenue
€341.7M
9.71%
1.00×
Cost of revenue
€168.4M
9.81%
1.01×
Operating expenses
€71.54M
9.89%
1.02×
Cash and investments
14.84%
Spread over hurdle
(0.47%)