2.700
Revenue€M
6.184
6.603
6.808
7.033
7.280
7.472
7.775
8.026
8.578
9.133
2.775
4.64%
4.48%
83
15.26
Revenue growth%
15.89
14.52
12.11
9.53
8.28
7.18
6.39
8.21
6.42
5.72
21.73
6.42
8.25
16
22.82
Gross margin%
23.75
25.76
22.90
20.68
19.72
19.72
19.35
20.97
18.69
18.50
29.50
19.35
20.20
41
14.08
Operating margin%
5.61
3.85
1.89
0.40
0.40
0.40
0.40
0.40
2.25
0.40
6.30
0.40
0.40
82
19.74
Net margin%
9.89
10.29
12.79
10.58
12.73
12.19
9.78
7.94
5.44
5.54
13.76
7.94
10.09
80
35.94
P/E ratio (avg)x
33.13
34.81
38.93
36.25
33.76
32.90
33.47
38.34
41.92
41.58
13.40
38.34
35.53
71
24.71
EV/EBITx
61.14
60.29
59.01
59.80
62.55
66.32
78.59
90.53
99.85
110.1
22.85
90.53
64.44
64
13.25
FCF yield (avg)%
9.93
11.06
8.51
11.27
12.57
10.05
9.80
10.38
11.28
12.17
2.57
10.38
10.72
72
8.30
FCF margin%
26.85
29.47
30.48
28.87
27.51
28.46
26.78
29.27
27.61
30.11
12.83
28.46
28.67
57
0.166
FCF / Net incomex
0.436
0.499
0.513
0.571
0.659
0.684
0.785
0.838
0.852
0.862
1.799
0.838
0.672
24
20.03
ROIC%
17.10
18.81
20.11
19.71
17.47
16.98
18.72
17.03
16.52
17.24
29.44
17.03
17.35
39
25.49
Return on equity%
6.42
7.72
8.27
10.51
13.04
13.00
15.28
15.39
12.77
12.41
20.53
13.00
12.59
13
17.33
Return on assets%
14.09
12.54
12.30
12.38
10.46
8.31
8.94
11.62
9.65
10.25
8.93
9.65
11.04
58
0.17
EPS€
0.08
0.08
0.08
0.09
0.10
0.09
0.09
0.10
0.11
0.11
0.18
2.81%
2.23%
—
9.24
EPS growth%
22.66
20.17
21.13
23.53
24.27
23.01
21.39
18.78
16.82
18.92
25.28
18.92
21.26
45
0.08
Bookvalue per sh€
0.09
0.09
0.11
0.11
0.11
0.12
0.13
0.14
0.14
0.16
0.10
7.08%
6.87%
—
0.15
FCF per share€
0.10
0.09
0.10
0.09
0.09
0.09
0.09
0.09
0.08
0.08
0.04
(1.46%)
(1.56%)
—
0.08
Dividend per sh€
0.09
0.10
0.12
0.13
0.12
0.12
0.12
0.13
0.15
0.16
0.08
5.75%
8.12%
—
3.37
Div yield (avg)%
9.80
6.83
8.78
10.29
8.83
11.45
13.72
10.77
8.98
7.07
15.58
10.77
9.39
89
16.62
Payout ratio%
21.37
24.29
26.92
29.87
27.84
27.84
27.75
25.83
28.31
30.51
22.93
27.84
27.79
92
19.68
Shares (diluted)M
23.29
22.84
25.18
28.39
29.99
31.89
35.24
34.02
40.07
39.56
20.26
5.69%
5.91%
91
4.79
Buyback yield%
19.12
18.05
18.75
15.98
15.31
14.28
16.38
13.73
11.14
11.85
20.05
13.73
15.64
10
0.981
D/E ratiox
1.803
1.955
2.042
2.256
2.699
3.189
3.079
3.304
3.755
4.196
1.319
3.304
2.889
92
10.20
Enterprise value€M
10.46
11.18
13.08
13.01
13.29
15.46
17.71
19.31
22.07
25.05
2.594
13.52%
9.81%
59
5.850
LT debt€M
7.339
7.975
7.927
7.744
8.181
8.677
8.217
8.360
8.484
9.824
9.093
3.73%
3.94%
40
Revenue
€9.133M
4.48%
1.00×
Cost of revenue
€6.393M
4.48%
1.00×
Operating expenses
€1.240M
3.56%
0.91×
Property and equipment
17.24%
Spread over hurdle
(7.57%)