323.8
Revenue€M
305.0
334.7
359.6
380.8
414.2
441.4
485.3
531.8
570.9
623.3
343.6
8.52%
8.49%
78
4.52
Revenue growth%
24.80
25.83
23.77
24.70
23.70
24.96
27.08
27.10
24.81
27.07
5.78
27.07
24.89
93
22.48
Gross margin%
3.26
0.86
2.73
1.42
0.40
2.93
5.26
6.94
5.86
4.02
19.38
5.26
3.09
51
12.94
Operating margin%
25.53
28.48
28.59
31.32
30.65
29.83
29.65
31.38
30.76
28.96
5.17
29.83
29.74
91
11.08
Net margin%
15.01
17.75
18.15
15.49
18.03
20.46
23.05
21.97
21.86
23.13
27.82
21.97
19.30
16
35.99
P/E ratio (avg)x
26.87
29.42
27.12
24.53
24.95
26.30
26.92
27.59
28.28
29.38
26.77
27.59
27.02
19
32.60
EV/EBITx
21.32
22.78
22.17
21.16
19.67
20.39
20.46
19.87
20.82
20.38
21.89
20.39
20.64
94
7.69
FCF yield (avg)%
23.34
26.07
27.67
30.37
30.09
31.64
31.19
31.71
28.79
28.60
22.42
31.19
29.44
81
18.56
FCF margin%
21.42
19.59
22.05
24.18
24.85
27.08
27.69
28.82
30.39
32.32
8.74
28.82
25.96
43
1.685
FCF / Net incomex
1.464
1.412
1.526
1.616
1.460
1.552
1.773
1.728
1.921
2.148
1.751
1.773
1.584
93
6.70
ROIC%
13.28
12.15
12.21
15.05
17.93
16.84
18.12
17.38
19.33
21.25
20.45
18.12
17.11
26
6.57
Return on equity%
28.53
26.97
25.76
23.40
24.62
22.88
22.54
22.21
19.49
19.69
20.16
22.21
23.14
72
8.61
Return on assets%
10.24
11.96
9.45
12.34
10.24
9.72
9.13
11.36
9.06
8.27
8.77
9.13
9.98
30
2.17
EPS€
2.59
2.72
2.79
2.83
2.98
3.55
4.23
4.57
5.13
5.80
2.24
14.22%
9.97%
—
21.26
EPS growth%
26.92
24.12
23.16
22.00
22.41
20.50
18.70
17.49
17.12
14.41
18.68
17.49
21.25
75
7.60
Bookvalue per sh€
6.85
6.65
6.12
6.52
6.16
5.72
5.31
4.70
4.64
4.84
3.16
(4.69%)
(3.43%)
—
5.31
FCF per share€
4.67
4.49
4.88
4.29
4.42
3.91
3.62
3.47
3.44
3.16
7.22
(6.46%)
(4.98%)
—
1.81
Dividend per sh€
4.66
5.50
6.08
6.33
7.22
7.35
8.68
9.35
10.53
10.97
6.72
8.74%
9.45%
—
7.38
Div yield (avg)%
7.75
8.14
8.34
10.51
13.33
11.43
14.09
13.81
15.39
17.59
13.27
14.09
12.38
92
13.81
Payout ratio%
28.29
27.02
26.12
24.28
24.81
24.28
25.13
23.33
25.93
28.65
11.89
25.13
25.53
60
39.71
Shares (diluted)M
63.39
67.12
70.62
75.15
76.82
77.34
73.29
68.50
69.25
76.14
40.83
(0.18%)
3.23%
21
26.40
Buyback yield%
23.50
25.65
24.74
23.37
23.44
22.28
20.15
20.79
20.41
19.73
14.44
20.41
22.82
54
0.302
D/E ratiox
2.392
2.816
2.759
3.014
3.472
3.594
3.615
3.619
3.971
4.175
1.673
3.619
3.533
64
610.0
Enterprise value€M
370.5
363.3
372.1
400.8
351.3
326.5
320.2
332.9
317.3
298.5
612.7
(3.20%)
(3.76%)
63
496.6
LT debt€M
424.9
414.2
434.9
492.5
527.6
536.9
620.8
649.6
688.6
753.8
129.5
7.40%
5.11%
9
Revenue
€623.3M
8.49%
1.00×
Cost of revenue
€436.3M
8.49%
1.00×
Operating expenses
€107.7M
9.17%
1.06×
Property and equipment
16.23%
Spread over hurdle
(3.44%)