2.630
Revenue€M
6.355
6.752
7.184
7.426
7.818
8.354
8.823
9.186
9.600
10.12
2.871
5.29%
5.05%
14
12.27
Revenue growth%
3.22
3.00
1.05
0.40
0.40
0.40
0.40
2.28
4.03
3.48
18.15
2.28
1.66
62
28.50
Gross margin%
10.01
10.31
10.28
11.96
12.34
13.14
14.26
12.82
14.06
11.38
12.94
13.14
12.15
22
7.98
Operating margin%
18.19
20.32
20.56
22.41
20.94
18.32
19.84
19.88
21.57
22.17
16.24
19.88
20.44
62
13.51
Net margin%
24.27
22.41
23.15
23.49
22.91
24.57
27.26
27.68
24.77
26.25
28.69
26.25
24.42
93
8.154
P/E ratio (avg)x
19.60
19.45
20.09
20.72
21.82
24.21
25.12
27.25
25.51
28.03
23.36
25.51
23.01
9
13.95
EV/EBITx
45.68
50.87
47.41
49.28
45.62
46.08
42.20
39.94
44.12
41.85
9.361
42.20
45.65
53
3.49
FCF yield (avg)%
19.53
18.99
16.31
17.96
17.80
19.32
18.11
20.73
21.49
19.11
2.81
19.32
19.05
7
13.30
FCF margin%
27.61
28.68
31.26
29.69
32.32
35.01
36.32
37.32
38.94
39.96
11.17
37.32
33.67
40
1.177
FCF / Net incomex
1.973
1.993
1.984
2.033
1.922
2.247
2.346
2.315
2.659
2.639
0.232
2.346
2.140
39
8.51
ROIC%
20.24
23.03
21.67
20.31
20.56
18.89
17.42
16.16
16.69
14.79
11.74
16.69
19.56
40
30.00
Return on equity%
14.41
13.80
12.97
11.11
8.52
7.04
6.55
7.85
5.95
6.33
10.25
6.55
8.19
7
17.81
Return on assets%
19.46
22.37
23.47
21.99
23.48
24.16
22.47
22.86
25.66
24.39
7.84
24.16
23.16
71
0.06
EPS€
0.08
0.09
0.08
0.07
0.07
0.07
0.07
0.07
0.06
0.06
0.06
(2.89%)
(3.13%)
—
6.89
EPS growth%
8.43
10.92
12.93
10.95
12.01
14.38
17.31
17.84
19.00
18.53
29.50
17.84
13.66
32
0.06
Bookvalue per sh€
0.06
0.06
0.07
0.07
0.08
0.08
0.09
0.09
0.10
0.10
0.06
6.24%
7.10%
—
0.06
FCF per share€
0.13
0.12
0.13
0.13
0.13
0.13
0.13
0.12
0.12
0.13
0.09
0.97%
(0.27%)
—
0.05
Dividend per sh€
0.10
0.10
0.09
0.10
0.11
0.13
0.13
0.14
0.16
0.18
0.10
9.47%
6.89%
—
27.53
Div yield (avg)%
11.17
9.85
8.37
10.45
10.46
12.54
11.14
10.52
11.47
9.37
12.37
11.14
10.49
92
27.78
Payout ratio%
9.67
12.35
11.76
14.34
16.22
18.58
18.40
19.41
22.04
20.32
12.78
19.41
17.31
86
35.17
Shares (diluted)M
26.59
25.38
26.86
27.69
26.78
29.15
29.19
28.92
26.84
27.59
35.48
0.60%
0.10%
93
3.26
Buyback yield%
2.67
0.40
0.55
1.30
0.40
0.40
0.40
0.40
2.46
4.26
24.52
0.40
0.48
78
1.652
D/E ratiox
0.468
0.511
0.521
0.500
0.553
0.495
0.435
0.397
0.378
0.416
0.777
0.416
0.481
89
2.309
Enterprise value€M
7.995
7.699
9.033
10.42
10.75
11.61
13.61
14.79
15.93
16.69
8.902
9.20%
8.57%
67
1.282
LT debt€M
10.84
11.80
13.99
14.12
16.69
18.77
22.11
23.41
22.90
23.21
9.798
6.82%
7.87%
92
Revenue
€10.12M
5.05%
1.00×
Cost of revenue
€6.215M
4.81%
0.98×
Operating expenses
€1.857M
5.29%
1.02×
Goodwill & intangibles
17.50%
Spread over hurdle
(3.42%)