47.13
Revenue€M
19.55
20.93
23.23
24.83
26.99
29.11
31.51
34.52
37.13
40.04
52.26
8.21%
8.40%
24
18.84
Revenue growth%
26.58
26.06
26.20
29.03
31.64
31.57
34.06
33.00
32.92
30.09
12.50
32.92
30.83
47
14.44
Gross margin%
28.93
27.15
25.07
22.24
20.04
17.55
18.38
17.27
19.27
17.98
9.48
17.98
19.65
46
19.60
Operating margin%
4.80
5.03
2.63
2.10
4.20
5.52
6.05
5.97
7.13
9.10
16.46
6.05
5.28
80
25.82
Net margin%
13.01
13.91
13.56
15.27
16.31
16.49
19.33
22.27
19.38
19.31
20.26
19.33
16.40
38
14.88
P/E ratio (avg)x
37.16
33.48
37.81
40.19
37.31
41.44
46.55
44.00
46.38
46.01
34.74
46.01
40.81
59
14.91
EV/EBITx
32.43
34.44
39.11
38.42
43.60
51.15
52.76
61.67
68.08
68.68
18.07
61.67
47.37
84
26.61
FCF yield (avg)%
20.75
20.25
18.33
17.46
15.36
15.79
16.47
17.53
14.99
14.31
8.97
15.79
16.96
9
16.51
FCF margin%
6.47
7.14
4.56
3.87
2.29
2.50
4.32
5.54
7.81
5.32
15.57
5.32
4.94
73
1.608
FCF / Net incomex
1.509
1.506
1.659
1.694
1.640
1.701
1.726
1.844
2.051
2.214
0.391
1.844
1.697
16
8.11
ROIC%
30.35
30.31
31.59
33.25
33.49
34.85
35.11
35.15
37.49
36.54
6.07
35.15
34.17
79
22.61
Return on equity%
6.62
6.83
6.55
7.00
5.60
6.24
8.33
7.62
7.23
8.84
10.04
7.62
6.92
34
12.71
Return on assets%
31.98
34.28
33.66
33.15
35.29
37.27
36.68
34.11
31.99
29.19
5.30
34.11
33.89
90
0.06
EPS€
0.10
0.12
0.13
0.14
0.16
0.18
0.17
0.20
0.20
0.21
0.07
5.24%
7.49%
—
18.04
EPS growth%
11.65
9.98
8.59
11.06
10.24
8.88
10.81
12.80
13.68
11.37
2.54
11.37
10.93
9
0.08
Bookvalue per sh€
0.08
0.07
0.07
0.07
0.07
0.07
0.07
0.08
0.08
0.09
0.06
6.13%
2.76%
—
0.15
FCF per share€
0.13
0.12
0.12
0.13
0.14
0.16
0.16
0.19
0.21
0.21
0.18
8.50%
4.73%
—
0.14
Dividend per sh€
0.17
0.18
0.19
0.20
0.20
0.23
0.25
0.30
0.33
0.38
0.18
13.15%
8.91%
—
14.36
Div yield (avg)%
9.16
9.97
10.43
11.55
13.61
13.95
15.78
17.58
18.73
18.71
14.24
17.58
13.78
8
3.49
Payout ratio%
25.81
27.54
26.10
24.69
26.24
28.35
29.53
26.93
24.57
24.28
25.34
26.93
26.17
84
120.8
Shares (diluted)M
155.2
154.0
181.5
184.8
182.2
184.1
196.1
194.1
202.2
222.3
124.0
4.07%
4.12%
24
6.68
Buyback yield%
29.31
27.41
25.70
27.50
26.45
28.63
30.18
28.17
27.03
27.00
14.71
28.17
27.46
12
0.584
D/E ratiox
1.430
1.409
1.378
1.379
1.462
1.443
1.556
1.381
1.251
1.389
0.561
1.389
1.399
92
3.246
Enterprise value€M
6.703
6.265
6.265
6.588
6.723
6.166
6.418
7.175
6.487
6.743
40.47
0.06%
(0.37%)
82
38.17
LT debt€M
35.08
37.69
32.52
33.43
32.65
30.35
29.33
27.85
27.83
25.65
47.55
(4.71%)
(3.02%)
37
Revenue
€40.04M
8.40%
1.00×
Cost of revenue
€28.03M
8.40%
1.00×
Operating expenses
€8.103M
7.96%
0.96×
Goodwill & intangibles
16.08%
Cash and investments
15.67%
Spread over hurdle
(4.35%)