2.155
Revenue€M
1.027
1.089
1.183
1.277
1.361
1.459
1.541
1.654
1.759
1.884
2.345
6.72%
7.06%
75
27.78
Revenue growth%
0.94
0.40
0.40
2.28
4.19
2.76
0.40
0.40
1.09
1.63
10.29
1.09
1.01
66
23.84
Gross margin%
24.30
21.53
19.43
22.09
19.61
18.03
17.65
20.64
18.01
18.43
14.37
18.03
19.52
77
9.13
Operating margin%
11.42
10.14
9.57
10.55
9.69
10.19
8.11
10.70
9.88
8.66
19.70
9.88
10.01
46
20.61
Net margin%
12.22
13.88
13.03
15.60
16.36
16.29
19.00
16.03
13.67
15.65
22.67
16.03
15.63
11
21.17
P/E ratio (avg)x
24.59
25.91
25.75
23.08
24.85
27.27
29.43
28.48
28.41
30.63
33.23
28.48
26.59
73
35.21
EV/EBITx
23.02
22.62
24.19
22.75
21.51
22.53
22.88
24.48
21.44
19.86
14.44
22.53
22.68
92
12.24
FCF yield (avg)%
12.02
14.19
15.96
16.43
13.47
15.93
16.38
16.73
15.43
13.98
12.52
15.93
15.68
70
8.52
FCF margin%
19.69
20.47
21.58
19.91
20.37
20.99
18.73
18.89
21.41
22.24
15.80
20.99
20.42
73
1.130
FCF / Net incomex
1.354
1.349
1.422
1.396
1.298
1.215
1.197
1.125
1.254
1.328
1.406
1.215
1.313
58
22.28
ROIC%
24.26
25.66
25.83
23.31
23.62
24.96
26.75
29.14
27.88
25.79
7.64
26.75
25.72
51
9.97
Return on equity%
21.45
24.43
24.73
25.53
26.80
24.93
26.47
26.78
27.51
27.43
8.30
26.78
26.00
10
7.99
Return on assets%
19.87
21.36
21.63
19.66
21.33
19.40
20.70
18.42
16.33
14.98
20.43
18.42
19.76
49
0.05
EPS€
0.08
0.07
0.08
0.09
0.09
0.09
0.09
0.10
0.10
0.10
0.05
2.25%
4.44%
—
14.02
EPS growth%
2.99
0.45
1.65
0.53
3.28
3.24
4.98
3.14
0.40
0.40
20.06
3.14
2.32
28
0.02
Bookvalue per sh€
0.12
0.11
0.11
0.12
0.14
0.14
0.14
0.14
0.14
0.16
0.03
3.75%
4.97%
—
0.02
FCF per share€
0.08
0.08
0.09
0.08
0.08
0.07
0.08
0.08
0.08
0.08
0.05
(0.16%)
(0.75%)
—
0.03
Dividend per sh€
0.04
0.04
0.03
0.03
0.03
0.02
0.03
0.03
0.03
0.02
0.07
(4.20%)
(3.76%)
—
8.52
Div yield (avg)%
9.10
6.79
7.18
4.92
4.60
2.40
0.40
0.40
0.40
3.24
7.70
0.40
3.92
34
6.91
Payout ratio%
19.66
22.22
21.88
19.37
20.58
21.82
23.24
25.65
24.24
22.46
9.25
23.24
22.05
83
8.768
Shares (diluted)M
10.95
11.15
13.43
13.69
15.07
14.96
16.21
17.60
20.91
25.00
8.785
10.66%
8.67%
41
29.65
Buyback yield%
24.41
24.68
24.22
24.81
27.28
30.03
31.61
33.17
33.65
31.48
5.64
31.61
28.65
79
1.298
D/E ratiox
0.438
0.402
0.416
0.433
0.457
0.450
0.412
0.398
0.343
0.373
1.012
0.398
0.414
87
1.950
Enterprise value€M
1.969
1.824
1.871
1.972
1.883
1.865
2.049
2.299
2.285
2.177
1.510
2.95%
1.46%
32
1.603
LT debt€M
2.309
2.752
2.857
3.155
3.483
4.142
4.693
4.629
5.052
5.969
1.176
11.38%
11.56%
51
Revenue
€1.884M
7.06%
1.00×
Cost of revenue
€1.077M
7.36%
1.03×
Operating expenses
€0.343M
6.13%
0.92×
Cash and investments
22.17%
Spread over hurdle
(2.11%)