359.1
Revenue€M
255.1
274.7
293.3
311.9
346.5
369.9
409.1
435.7
484.5
524.8
376.1
8.66%
8.18%
10
11.06
Revenue growth%
16.66
19.15
19.24
18.74
18.00
20.12
22.29
22.31
19.50
20.33
6.30
20.33
19.37
86
16.13
Gross margin%
25.77
28.41
27.17
28.51
27.56
28.54
31.44
29.39
28.00
28.95
4.34
28.95
28.46
13
26.91
Operating margin%
28.00
26.44
23.62
21.12
23.79
21.62
24.21
26.26
26.41
24.90
25.26
24.90
24.56
76
19.92
Net margin%
7.10
8.35
10.31
11.99
9.51
7.58
6.19
7.97
10.07
8.63
2.71
7.97
8.49
66
28.39
P/E ratio (avg)x
38.38
43.12
46.23
45.87
48.20
50.59
50.63
53.09
61.61
59.26
11.09
53.09
49.40
57
11.22
EV/EBITx
17.99
17.86
21.18
24.97
24.86
28.46
30.35
32.67
37.05
42.99
20.38
32.67
26.71
43
14.54
FCF yield (avg)%
35.31
35.80
36.21
36.36
38.93
41.79
43.82
42.42
40.56
38.08
2.39
41.79
38.51
34
20.91
FCF margin%
29.58
29.50
27.52
26.95
28.68
31.63
30.82
30.41
30.43
29.12
18.09
30.43
29.54
42
0.234
FCF / Net incomex
1.408
1.397
1.456
1.656
1.852
2.149
2.127
2.485
2.563
2.879
0.889
2.485
1.990
37
25.95
ROIC%
15.50
16.52
13.59
11.28
13.10
10.96
8.63
10.56
10.51
11.72
5.07
10.56
11.50
83
13.10
Return on equity%
14.15
15.93
16.17
16.49
13.63
10.74
8.44
8.43
6.03
3.52
27.46
8.43
12.18
80
17.17
Return on assets%
6.79
7.86
10.38
7.96
8.07
9.87
9.43
6.84
4.76
1.86
21.18
6.84
7.91
36
50.17
EPS€
32.28
31.78
32.73
35.72
39.90
47.85
46.44
55.14
54.94
54.52
55.20
6.44%
6.65%
—
24.49
EPS growth%
10.12
11.53
12.08
13.23
12.97
11.72
9.25
8.05
5.35
7.47
9.11
8.05
10.82
59
7.78
Bookvalue per sh€
52.51
52.61
49.87
45.32
41.86
47.42
48.99
45.21
43.72
48.09
37.54
2.81%
0.20%
—
25.17
FCF per share€
20.36
20.53
19.34
16.82
16.71
15.87
16.68
16.06
16.79
17.80
20.42
1.27%
(1.36%)
—
17.22
Dividend per sh€
32.40
38.18
38.18
37.05
43.45
42.13
44.71
46.74
46.57
47.14
49.39
1.64%
4.60%
—
14.91
Div yield (avg)%
4.18
1.99
0.40
0.98
1.04
2.26
4.19
1.20
2.07
0.40
16.34
2.07
1.59
72
27.77
Payout ratio%
9.51
12.34
10.20
9.25
8.19
9.80
9.34
11.90
13.45
12.76
11.60
11.90
10.00
72
2.765
Shares (diluted)M
3.276
3.783
3.824
4.150
4.729
4.427
4.913
5.539
6.229
6.919
2.770
7.91%
8.03%
36
2.30
Buyback yield%
4.15
6.01
4.01
4.26
6.74
6.47
3.79
3.36
0.81
3.75
2.10
3.75
4.08
23
0.731
D/E ratiox
0.915
1.056
1.119
1.114
1.304
1.578
1.901
2.047
2.321
2.574
0.271
2.047
1.441
32
87.55
Enterprise value€M
271.1
294.5
266.8
275.7
290.3
296.3
271.2
285.3
307.4
281.5
18.08
(0.61%)
0.52%
62
244.9
LT debt€M
84.83
81.18
91.83
101.9
118.3
120.5
138.6
153.8
159.6
168.4
98.49
7.31%
6.90%
71
Revenue
€524.8M
8.18%
1.00×
Cost of revenue
€364.6M
8.16%
1.00×
Operating expenses
€110.1M
8.23%
1.00×
Property and equipment
16.58%
Spread over hurdle
(1.22%)