4.062
Revenue€M
3.335
3.649
4.031
4.316
4.648
5.085
5.453
5.838
6.216
6.832
4.448
8.01%
8.44%
43
10.14
Revenue growth%
10.43
9.67
12.33
14.98
17.22
16.53
15.50
12.77
14.49
16.84
13.57
15.50
14.73
88
17.02
Gross margin%
0.40
0.40
1.68
2.80
4.02
3.85
1.97
3.44
3.27
2.67
7.75
3.27
2.73
20
29.06
Operating margin%
7.17
8.53
6.86
9.60
10.44
8.22
5.22
3.63
3.96
5.38
8.92
5.22
7.01
93
9.07
Net margin%
19.89
22.86
21.07
20.86
20.48
21.45
21.32
22.06
19.61
21.57
20.94
21.45
21.19
10
27.95
P/E ratio (avg)x
31.26
27.43
25.10
26.01
26.86
24.33
23.77
21.98
23.61
25.75
37.79
23.77
25.42
68
29.25
EV/EBITx
34.43
39.18
45.13
49.11
51.38
49.36
50.33
59.11
59.41
61.87
20.37
59.11
49.84
76
27.38
FCF yield (avg)%
6.83
5.88
4.87
6.40
9.35
7.06
9.50
11.33
11.71
13.74
20.55
11.33
8.20
46
9.22
FCF margin%
12.53
12.23
13.59
10.89
10.71
12.94
11.60
14.22
13.27
13.30
24.47
13.27
12.73
80
0.334
FCF / Net incomex
1.129
1.115
1.153
1.216
1.337
1.341
1.257
1.255
1.386
1.486
0.417
1.341
1.256
65
8.41
ROIC%
35.68
36.90
39.55
42.25
40.24
41.70
40.54
40.97
38.77
36.99
7.50
40.54
39.89
49
23.44
Return on equity%
13.21
14.78
15.72
15.29
16.18
13.19
12.46
14.39
13.61
14.18
17.78
13.61
14.28
19
9.15
Return on assets%
9.14
10.52
8.43
6.93
9.46
6.55
5.08
2.46
1.49
2.28
24.71
2.46
6.74
78
0.02
EPS€
0.07
0.08
0.09
0.09
0.10
0.10
0.11
0.13
0.13
0.13
0.02
6.25%
6.64%
—
15.02
EPS growth%
28.45
29.78
31.26
28.27
25.37
23.92
23.37
26.08
26.03
23.29
18.11
23.92
26.06
18
0.04
Bookvalue per sh€
0.04
0.04
0.05
0.05
0.05
0.06
0.06
0.07
0.06
0.05
0.06
0.04%
1.96%
—
0.01
FCF per share€
0.07
0.07
0.07
0.09
0.09
0.10
0.11
0.11
0.13
0.16
0.03
12.95%
8.58%
—
0.06
Dividend per sh€
0.04
0.04
0.04
0.04
0.04
0.05
0.05
0.05
0.06
0.06
0.05
5.16%
4.26%
—
22.29
Div yield (avg)%
31.26
33.92
32.68
30.52
32.88
30.74
32.91
35.28
32.41
30.94
8.39
32.41
32.55
91
5.80
Payout ratio%
0.40
1.73
3.23
4.79
7.56
8.54
9.89
10.49
9.39
12.35
12.48
9.89
8.05
40
98.49
Shares (diluted)M
160.5
190.1
195.3
221.2
267.0
321.3
373.7
450.1
447.5
478.1
100.9
12.35%
12.88%
35
6.43
Buyback yield%
10.35
8.55
6.71
8.94
10.07
7.85
9.05
6.48
6.69
3.96
20.99
6.69
8.20
35
0.201
D/E ratiox
1.167
1.227
1.247
1.255
1.321
1.479
1.674
1.644
1.925
2.195
0.435
1.674
1.400
67
5.452
Enterprise value€M
3.522
4.033
4.197
4.118
4.700
4.949
5.180
5.242
5.931
6.410
3.279
6.40%
7.10%
46
0.965
LT debt€M
6.846
6.910
7.412
7.512
7.815
7.212
7.812
8.064
8.750
9.620
5.244
4.24%
3.52%
62
Revenue
€6.832M
8.44%
1.00×
Cost of revenue
€3.696M
8.34%
0.99×
Operating expenses
€1.051M
8.90%
1.04×
Goodwill & intangibles
20.24%
Spread over hurdle
10.81%