282.0
Revenue€M
167.0
175.8
183.7
197.9
211.0
219.0
230.2
248.3
258.2
279.0
311.9
5.75%
5.95%
40
19.25
Revenue growth%
20.74
20.74
22.83
24.20
24.82
23.41
25.67
25.62
24.38
24.91
2.81
24.91
24.29
42
7.17
Gross margin%
20.64
22.23
24.75
22.73
20.33
17.75
16.62
14.89
17.56
16.89
7.46
16.89
19.04
94
28.82
Operating margin%
0.40
0.40
1.59
3.10
5.40
7.76
10.50
12.51
14.20
15.77
23.45
12.51
6.58
16
6.72
Net margin%
28.25
26.69
27.28
24.39
22.03
19.59
19.47
20.45
20.75
23.23
16.43
20.45
22.63
79
18.83
P/E ratio (avg)x
26.84
23.64
23.32
25.28
23.81
22.16
20.79
19.88
21.55
22.59
8.324
21.55
22.95
31
21.38
EV/EBITx
13.76
15.21
15.54
16.09
14.20
15.19
14.85
16.53
16.75
15.08
25.71
15.19
15.20
34
2.86
FCF yield (avg)%
13.45
11.17
9.34
11.60
12.28
10.83
12.01
13.17
15.94
18.22
4.35
13.17
12.15
64
15.41
FCF margin%
8.76
11.71
11.47
9.30
8.58
10.83
9.63
7.64
6.63
7.40
13.19
7.64
9.03
83
0.230
FCF / Net incomex
2.189
2.227
2.348
2.774
2.682
2.648
3.087
2.971
3.279
3.528
1.051
3.087
2.728
89
10.63
ROIC%
6.51
5.93
3.17
4.99
4.42
2.02
4.17
6.30
5.13
6.34
28.72
5.13
5.06
51
28.20
Return on equity%
27.79
27.55
28.45
30.91
29.37
27.39
29.47
30.99
33.94
31.72
8.23
30.99
29.42
39
20.88
Return on assets%
30.55
33.15
33.88
35.80
37.73
40.12
38.29
39.78
42.41
40.43
19.80
40.12
38.01
86
9.62
EPS€
14.64
16.18
16.26
16.95
15.93
17.15
17.34
17.27
16.83
18.20
9.94
2.69%
3.53%
—
27.40
EPS growth%
18.98
17.13
19.50
16.94
14.32
16.68
15.74
17.19
17.91
19.43
27.01
17.19
17.16
86
9.32
Bookvalue per sh€
7.78
7.44
7.42
7.70
7.55
6.86
7.67
8.23
7.36
7.54
3.96
(0.03%)
0.56%
—
6.97
FCF per share€
3.77
3.78
4.07
4.43
4.88
5.43
5.86
6.85
6.88
7.03
8.38
7.56%
6.14%
—
2.93
Dividend per sh€
14.51
15.70
16.21
16.06
15.66
16.10
15.95
16.26
18.62
21.60
1.75
6.64%
5.27%
—
16.22
Div yield (avg)%
11.09
13.82
16.24
19.20
18.62
20.11
20.87
19.90
17.08
16.32
18.96
19.90
17.85
40
18.67
Payout ratio%
9.64
8.09
7.00
7.35
6.63
7.41
7.68
9.85
8.10
8.54
7.99
8.10
7.88
6
27.54
Shares (diluted)M
22.62
21.37
19.67
19.95
21.25
22.87
21.56
20.23
22.17
24.21
26.76
2.64%
1.15%
25
23.29
Buyback yield%
3.70
5.04
4.02
5.61
2.68
0.62
0.40
0.40
1.57
0.40
18.48
0.40
2.12
13
1.594
D/E ratiox
1.671
1.607
1.848
1.976
2.112
2.002
2.132
2.133
2.136
2.490
0.795
2.133
2.057
68
278.2
Enterprise value€M
297.4
353.3
407.7
476.2
557.5
642.4
741.7
725.5
750.9
803.3
292.8
7.58%
11.87%
68
90.49
LT debt€M
266.8
306.4
333.7
345.1
393.3
419.4
462.5
459.9
441.2
512.1
255.2
5.42%
6.81%
32
Revenue
€279.0M
5.95%
1.00×
Cost of revenue
€143.9M
5.67%
0.97×
Operating expenses
€46.30M
6.63%
1.07×
Cash and investments
20.40%
Spread over hurdle
11.65%