4.146
Revenue€M
1.971
2.117
2.280
2.496
2.729
2.942
3.183
3.521
3.735
4.028
4.525
8.10%
8.10%
87
20.38
Revenue growth%
28.35
28.97
26.39
25.36
25.59
22.96
25.28
28.18
29.97
28.87
12.06
28.18
27.28
25
20.15
Gross margin%
24.89
23.85
26.06
28.85
25.89
25.76
25.65
26.85
29.43
31.10
23.82
26.85
25.97
79
17.40
Operating margin%
15.92
13.77
12.11
13.19
10.37
7.58
5.27
3.61
3.18
0.77
11.82
3.61
8.97
63
5.67
Net margin%
0.40
0.84
1.40
0.40
1.72
2.40
2.67
3.11
1.76
3.74
9.39
2.67
1.74
74
30.25
P/E ratio (avg)x
29.71
31.09
29.38
31.04
34.81
34.49
38.45
37.40
37.40
38.64
13.11
37.40
34.65
54
17.36
EV/EBITx
19.36
20.67
19.04
17.44
17.97
16.36
18.54
19.79
20.12
21.64
29.91
19.79
19.20
15
6.38
FCF yield (avg)%
27.61
29.19
32.15
34.18
35.25
35.39
35.39
35.42
35.86
33.96
15.75
35.39
34.72
21
20.13
FCF margin%
13.34
11.96
10.22
8.23
10.55
8.61
8.10
6.02
4.46
2.87
11.29
6.02
8.42
55
0.915
FCF / Net incomex
1.038
1.135
1.289
1.202
1.236
1.387
1.364
1.347
1.494
1.484
1.074
1.387
1.318
6
21.88
ROIC%
5.73
5.31
2.37
2.68
5.06
3.69
5.30
2.98
2.83
1.33
4.34
2.98
3.34
43
25.76
Return on equity%
20.66
21.60
23.39
25.95
28.50
27.54
27.07
29.32
27.90
28.07
26.82
27.90
27.31
46
3.95
Return on assets%
12.33
12.12
12.79
14.91
13.70
15.18
16.15
16.41
14.62
16.72
17.72
16.15
14.76
38
0.04
EPS€
0.26
0.26
0.29
0.31
0.35
0.40
0.44
0.44
0.44
0.48
0.05
6.63%
7.16%
—
8.12
EPS growth%
6.58
5.49
3.03
2.90
2.01
4.88
7.45
7.19
9.50
10.24
6.08
7.45
6.04
61
0.08
Bookvalue per sh€
0.13
0.14
0.17
0.18
0.21
0.21
0.23
0.27
0.29
0.35
0.12
11.24%
12.16%
—
0.11
FCF per share€
0.26
0.28
0.29
0.33
0.32
0.36
0.33
0.38
0.44
0.46
0.21
7.93%
6.39%
—
0.22
Dividend per sh€
0.24
0.24
0.28
0.33
0.35
0.35
0.40
0.44
0.51
0.53
0.15
8.97%
8.65%
—
2.77
Div yield (avg)%
6.80
7.83
10.73
12.49
13.52
14.79
13.23
15.57
16.72
18.04
22.78
15.57
13.37
18
23.06
Payout ratio%
9.28
7.68
9.67
8.90
8.90
10.30
11.35
11.70
9.53
7.29
6.57
10.30
9.40
30
9.088
Shares (diluted)M
11.83
13.87
13.68
15.71
17.14
16.37
18.71
18.20
19.93
21.22
8.809
4.35%
6.25%
21
26.82
Buyback yield%
11.34
11.63
10.00
7.02
8.21
8.97
6.70
7.36
8.45
6.24
5.71
7.36
8.33
77
1.134
D/E ratiox
2.101
2.201
2.140
2.243
2.439
2.544
2.934
3.211
3.203
3.553
0.407
3.203
2.492
69
3.144
Enterprise value€M
1.829
1.910
1.884
1.679
1.851
1.825
1.720
1.701
1.857
1.835
2.302
(0.17%)
0.26%
61
0.810
LT debt€M
0.347
0.396
0.438
0.486
0.482
0.552
0.552
0.603
0.572
0.603
0.522
4.57%
5.66%
22
Revenue
€4.028M
8.10%
1.00×
Cost of revenue
€2.302M
8.21%
1.01×
Operating expenses
€0.884M
7.77%
0.97×
Cash and investments
16.35%
Spread over hurdle
(2.42%)