232.2
Revenue€M
259.8
274.7
298.8
325.9
353.1
374.7
414.8
444.5
488.8
532.0
258.3
8.54%
8.30%
31
5.16
Revenue growth%
25.58
27.44
26.26
24.90
25.52
25.33
25.51
24.28
21.79
23.46
9.55
24.28
25.42
27
5.70
Gross margin%
20.75
23.57
21.46
22.24
23.81
22.19
23.82
20.88
20.61
21.65
7.41
21.65
21.92
48
26.02
Operating margin%
17.33
14.65
16.02
16.50
15.45
14.23
14.63
16.15
17.89
15.26
15.94
15.26
15.74
59
14.09
Net margin%
16.85
16.25
16.15
13.20
14.08
16.73
15.22
15.49
12.55
9.60
6.25
15.22
15.35
94
24.76
P/E ratio (avg)x
32.65
39.20
46.46
45.18
46.71
55.53
55.91
66.67
74.12
84.84
36.98
66.67
51.12
95
25.49
EV/EBITx
32.63
34.38
34.63
36.22
40.86
44.05
43.50
52.39
60.25
71.60
29.44
52.39
42.18
33
25.86
FCF yield (avg)%
6.32
4.18
3.44
3.64
4.22
1.27
0.90
3.39
3.90
2.93
26.38
2.93
3.54
15
13.59
FCF margin%
11.88
8.89
9.28
11.58
10.71
13.17
12.64
12.28
10.46
9.39
12.97
12.28
11.14
50
0.272
FCF / Net incomex
0.933
1.052
1.144
1.261
1.330
1.315
1.301
1.361
1.544
1.436
0.863
1.361
1.308
83
9.62
ROIC%
25.46
24.75
22.19
19.91
17.70
19.56
17.83
14.97
12.74
13.51
18.67
14.97
18.69
90
17.70
Return on equity%
25.68
23.48
21.33
19.63
20.52
19.42
18.87
21.56
21.92
20.30
12.36
20.30
20.93
29
27.69
Return on assets%
20.77
19.11
17.55
16.35
16.41
15.08
17.14
16.47
16.53
16.72
27.19
16.53
16.63
88
0.48
EPS€
0.48
0.41
0.42
0.42
0.45
0.43
0.46
0.47
0.46
0.40
0.52
(2.52%)
(3.15%)
—
14.11
EPS growth%
30.47
32.13
30.58
27.80
25.09
27.21
27.71
25.29
26.11
27.48
8.50
27.21
27.59
93
0.65
Bookvalue per sh€
0.72
0.61
0.56
0.52
0.52
0.46
0.41
0.44
0.42
0.41
1.07
(4.73%)
(5.53%)
—
0.68
FCF per share€
1.25
1.23
1.20
1.16
1.31
1.40
1.51
1.42
1.44
1.59
0.71
4.03%
3.21%
—
0.78
Dividend per sh€
0.31
0.31
0.28
0.29
0.25
0.21
0.18
0.18
0.19
0.16
0.89
(8.31%)
(7.86%)
—
3.19
Div yield (avg)%
14.08
16.98
14.38
15.69
13.96
13.90
12.69
14.02
15.44
15.55
8.81
14.02
14.23
88
20.19
Payout ratio%
18.35
16.59
18.34
20.15
23.07
24.53
26.05
27.74
28.26
30.21
12.76
27.74
23.80
81
333.4
Shares (diluted)M
255.3
284.3
268.3
264.5
251.6
231.5
244.6
252.3
236.8
245.3
334.6
(0.51%)
(0.43%)
46
19.15
Buyback yield%
13.05
14.04
16.26
16.57
14.99
17.52
19.63
19.83
21.16
19.45
28.76
19.63
17.05
75
1.196
D/E ratiox
1.584
1.572
1.653
1.867
1.983
2.147
2.302
2.473
2.402
2.506
0.379
2.402
2.065
16
227.0
Enterprise value€M
49.43
51.49
52.35
56.30
65.73
68.13
71.81
70.78
73.58
71.08
209.2
1.58%
5.32%
94
0.138
LT debt€B
0.748
0.807
0.804
0.794
0.945
1.083
1.162
1.379
1.501
1.483
0.384
9.42%
7.31%
75
Revenue
€532.0M
8.30%
1.00×
Cost of revenue
€372.4M
8.40%
1.01×
Operating expenses
€56.29M
7.31%
0.91×
Cash and investments
14.60%
Spread over hurdle
14.75%