1.401
Revenue€M
2.914
3.113
3.257
3.366
3.489
3.605
3.869
4.058
4.221
4.350
1.443
4.51%
4.85%
62
15.27
Revenue growth%
20.84
20.36
20.99
19.91
20.77
18.69
20.91
23.68
20.80
21.10
8.33
20.91
20.82
85
10.68
Gross margin%
14.55
13.81
15.00
16.65
17.29
16.87
18.58
16.01
16.45
15.35
22.08
16.45
16.23
53
25.45
Operating margin%
4.88
2.80
4.21
4.62
6.76
6.02
3.18
1.06
3.82
4.47
17.09
3.82
4.34
57
19.71
Net margin%
21.12
19.02
16.27
15.23
14.94
13.72
14.17
15.40
12.47
9.65
28.76
13.72
15.09
72
10.59
P/E ratio (avg)x
39.77
38.74
43.84
43.33
44.98
48.34
54.16
54.12
53.74
56.93
29.66
54.12
46.66
85
19.37
EV/EBITx
8.637
7.924
7.454
6.965
7.282
7.840
8.676
8.857
9.533
9.395
9.662
8.857
8.280
64
7.50
FCF yield (avg)%
4.18
2.85
3.93
4.27
2.43
2.34
3.59
1.54
4.54
5.09
2.75
3.59
3.76
34
5.67
FCF margin%
17.14
18.64
16.30
13.71
15.84
16.52
18.78
16.60
14.52
17.21
15.25
16.60
16.56
48
0.955
FCF / Net incomex
1.501
1.455
1.699
1.789
2.080
2.112
2.465
2.885
3.403
3.728
0.326
2.885
2.096
38
29.19
ROIC%
22.75
25.34
26.97
27.47
28.18
29.72
31.07
31.92
32.62
34.92
12.36
31.92
28.95
67
12.14
Return on equity%
12.09
11.68
12.63
14.72
15.58
16.42
16.63
18.39
19.03
21.73
18.73
18.39
16.00
36
24.16
Return on assets%
18.32
18.81
20.31
21.12
23.20
22.40
22.59
24.11
23.74
21.27
10.30
22.59
21.83
68
0.04
EPS€
0.11
0.10
0.09
0.10
0.10
0.11
0.11
0.11
0.12
0.12
0.04
3.78%
1.80%
—
12.60
EPS growth%
22.17
24.33
27.17
30.01
28.37
27.43
25.09
26.15
26.46
27.46
12.18
26.46
26.81
29
0.09
Bookvalue per sh€
0.12
0.13
0.14
0.13
0.13
0.13
0.12
0.12
0.13
0.13
0.09
0.01%
0.99%
—
0.06
FCF per share€
0.14
0.15
0.16
0.18
0.18
0.18
0.16
0.17
0.16
0.16
0.07
(1.77%)
1.95%
—
0.02
Dividend per sh€
0.08
0.09
0.10
0.10
0.10
0.10
0.09
0.10
0.11
0.13
0.02
5.13%
4.65%
—
14.08
Div yield (avg)%
25.08
27.18
25.26
22.85
21.31
21.11
18.17
19.65
17.56
20.22
21.98
19.65
21.21
69
17.31
Payout ratio%
10.71
12.96
11.00
9.91
9.77
7.40
10.12
8.07
5.98
3.36
23.72
7.40
9.84
27
15.14
Shares (diluted)M
16.53
17.75
16.53
17.66
18.32
19.66
22.28
23.42
23.30
23.87
15.22
5.44%
3.90%
68
10.03
Buyback yield%
23.92
23.00
22.68
21.23
21.74
21.51
23.20
24.47
23.18
24.98
9.58
23.20
23.09
20
1.752
D/E ratiox
0.972
0.986
1.012
0.882
0.797
0.832
0.763
0.811
0.717
0.620
1.395
0.763
0.821
72
0.216
Enterprise value€M
3.451
3.896
4.182
4.886
5.527
5.524
5.968
6.760
7.364
8.363
3.011
8.64%
10.73%
85
1.094
LT debt€M
3.695
3.434
3.317
3.641
4.143
4.589
4.986
5.171
5.467
5.230
0.440
4.77%
4.78%
30
Revenue
€4.350M
4.85%
1.00×
Cost of revenue
€2.810M
4.86%
1.00×
Operating expenses
€0.812M
4.69%
0.99×
Goodwill & intangibles
15.32%
Spread over hurdle
(3.78%)