2.675
Revenue€M
3.506
3.731
4.074
4.317
4.701
5.083
5.555
5.889
6.421
7.016
2.933
8.34%
8.04%
56
5.64
Revenue growth%
3.13
2.10
4.21
7.08
8.18
9.02
8.70
6.00
6.65
4.48
17.10
6.65
6.33
27
19.61
Gross margin%
13.40
16.33
16.53
16.35
15.72
15.48
15.51
13.38
11.24
9.47
3.14
13.38
15.50
85
24.34
Operating margin%
23.34
20.36
21.18
18.78
16.19
18.81
18.34
19.57
21.84
21.49
9.15
19.57
19.97
75
29.32
Net margin%
25.78
23.27
21.93
22.85
22.30
20.59
22.68
23.58
23.75
24.38
3.37
23.58
23.06
83
22.55
P/E ratio (avg)x
25.49
27.03
26.63
25.69
26.46
27.00
26.56
27.48
26.30
26.49
26.12
26.56
26.53
45
37.86
EV/EBITx
37.33
41.12
47.69
49.06
45.54
42.85
43.16
40.40
42.25
48.03
26.41
42.85
43.01
51
28.61
FCF yield (avg)%
12.76
15.15
16.26
13.56
16.12
15.60
13.28
16.10
16.22
15.58
24.72
15.60
15.59
12
17.88
FCF margin%
25.67
25.46
26.12
28.04
28.71
25.86
27.59
24.81
27.32
24.55
11.27
25.86
25.99
52
0.361
FCF / Net incomex
1.999
1.954
2.073
2.309
2.561
2.685
2.901
3.205
3.403
3.559
0.478
3.205
2.623
84
27.65
ROIC%
24.66
24.12
25.30
24.85
23.39
21.57
21.86
19.08
16.11
17.93
21.83
19.08
22.63
55
10.96
Return on equity%
21.76
21.58
19.93
19.33
21.37
20.53
19.36
19.15
19.72
20.88
3.78
19.72
20.23
48
20.21
Return on assets%
21.18
23.09
23.23
20.24
19.15
16.24
15.58
17.19
15.97
18.82
26.63
16.24
18.98
75
0.19
EPS€
0.12
0.12
0.12
0.10
0.10
0.10
0.08
0.09
0.09
0.09
0.20
(3.20%)
(3.27%)
—
5.38
EPS growth%
16.45
16.62
16.27
17.99
15.91
14.12
13.81
10.88
8.53
9.37
15.44
10.88
15.01
20
0.42
Bookvalue per sh€
0.41
0.42
0.48
0.49
0.51
0.55
0.51
0.50
0.53
0.51
0.36
(0.16%)
1.72%
—
0.49
FCF per share€
0.49
0.50
0.47
0.46
0.45
0.49
0.46
0.45
0.43
0.45
0.32
0.36%
(0.22%)
—
0.14
Dividend per sh€
0.32
0.29
0.26
0.27
0.28
0.29
0.28
0.29
0.31
0.30
0.38
1.29%
(1.74%)
—
16.89
Div yield (avg)%
21.40
22.00
23.68
24.31
22.21
21.34
21.04
20.71
22.10
22.14
17.16
21.34
22.05
75
16.20
Payout ratio%
15.75
15.36
14.69
15.49
12.98
13.79
15.28
14.41
11.61
13.45
15.07
13.79
14.55
37
17.79
Shares (diluted)M
22.89
23.37
23.54
22.34
22.19
21.38
21.34
23.50
22.64
25.52
18.08
2.84%
2.37%
39
4.17
Buyback yield%
4.30
5.05
6.98
7.37
6.79
5.97
8.31
6.93
9.07
8.81
29.18
8.31
6.95
93
0.591
D/E ratiox
0.554
0.553
0.575
0.497
0.527
0.489
0.452
0.450
0.482
0.514
0.885
0.482
0.505
33
5.312
Enterprise value€M
2.986
3.215
3.668
3.965
4.432
4.388
4.319
4.906
5.371
6.147
7.255
6.76%
7.47%
29
3.623
LT debt€M
1.020
1.087
1.111
1.151
1.120
1.061
1.081
0.984
1.050
1.122
1.018
0.05%
(0.06%)
28
Revenue
€7.016M
8.04%
1.00×
Cost of revenue
€4.911M
8.04%
1.00×
Operating expenses
€1.287M
7.71%
0.97×
Cash and investments
19.97%
Spread over hurdle
35.11%