35.18
Revenue€M
109.5
111.0
115.6
116.0
117.1
117.1
119.9
121.3
123.7
128.0
38.78
1.79%
1.89%
14
13.35
Revenue growth%
18.17
16.03
13.49
11.61
12.49
13.76
16.01
17.29
16.92
18.94
25.17
16.92
16.02
50
6.93
Gross margin%
12.04
12.36
11.87
14.56
16.85
14.39
12.13
11.51
8.90
9.82
22.27
11.51
12.09
69
20.83
Operating margin%
19.63
17.81
15.71
16.31
18.98
18.27
16.05
18.49
20.51
19.27
20.20
18.49
18.38
9
7.22
Net margin%
10.04
10.11
12.12
12.00
13.83
12.70
12.76
15.39
17.03
18.33
27.51
15.39
12.73
77
21.71
P/E ratio (avg)x
18.73
17.81
16.43
14.70
15.85
17.16
18.46
17.42
15.21
15.23
20.42
17.16
16.80
46
12.41
EV/EBITx
31.84
29.41
27.80
29.76
30.21
28.29
27.92
28.53
30.06
30.53
34.17
28.53
29.59
45
12.07
FCF yield (avg)%
13.98
11.91
10.66
13.01
13.47
16.34
16.92
14.65
13.23
12.17
19.64
14.65
13.35
49
5.60
FCF margin%
28.00
28.18
29.97
31.69
34.07
34.68
36.08
34.95
36.44
36.21
13.16
36.08
34.37
91
1.576
FCF / Net incomex
1.240
1.230
1.344
1.251
1.411
1.598
1.541
1.734
1.760
1.791
0.288
1.734
1.476
43
14.42
ROIC%
27.23
26.01
27.39
30.20
32.88
31.06
32.98
33.43
30.86
28.14
29.72
31.06
30.53
79
2.05
Return on equity%
16.30
19.27
17.52
20.14
21.67
22.30
21.47
22.22
24.39
25.33
12.36
22.30
21.57
10
3.00
Return on assets%
27.99
27.56
25.34
27.63
25.22
26.14
27.16
28.87
27.61
25.06
16.41
27.16
27.36
85
0.14
EPS€
0.12
0.12
0.13
0.14
0.15
0.16
0.17
0.16
0.18
0.17
0.15
3.18%
3.67%
—
26.13
EPS growth%
4.79
4.25
4.25
6.12
4.01
5.06
4.96
2.51
0.40
0.97
17.88
2.51
4.25
71
0.14
Bookvalue per sh€
0.31
0.33
0.36
0.38
0.39
0.44
0.48
0.47
0.52
0.61
0.24
9.39%
8.43%
—
0.19
FCF per share€
0.38
0.43
0.48
0.49
0.51
0.49
0.53
0.55
0.60
0.58
0.22
2.46%
3.81%
—
0.23
Dividend per sh€
0.09
0.09
0.08
0.07
0.06
0.06
0.06
0.06
0.06
0.06
0.15
(0.23%)
(2.61%)
—
15.21
Div yield (avg)%
23.50
23.24
20.64
22.68
25.09
27.04
25.11
24.82
23.54
22.97
27.83
24.82
23.52
74
29.04
Payout ratio%
18.89
18.31
19.21
17.16
19.90
19.94
22.45
19.82
17.31
14.95
29.63
19.82
19.05
11
81.95
Shares (diluted)M
86.47
91.23
99.94
115.5
130.2
153.8
152.0
174.6
197.0
209.9
83.72
10.02%
8.84%
48
17.45
Buyback yield%
31.04
29.69
27.56
25.43
28.06
31.01
30.09
28.69
30.00
30.97
17.15
30.09
29.84
44
1.241
D/E ratiox
0.573
0.648
0.696
0.742
0.786
0.867
0.891
1.013
1.012
0.992
0.377
0.992
0.826
18
73.95
Enterprise value€M
90.28
90.33
96.27
101.2
116.1
131.3
126.5
137.5
131.6
142.9
74.38
4.23%
4.23%
93
65.75
LT debt€M
109.5
110.5
131.0
159.1
168.2
194.5
204.9
248.6
266.4
312.7
38.09
13.21%
11.80%
68
Revenue
€128.0M
1.89%
1.00×
Cost of revenue
€82.05M
1.60%
0.97×
Operating expenses
€25.18M
2.66%
1.08×
Spread over hurdle
35.31%