13.74
Revenue€M
7.915
8.514
9.088
9.862
10.46
11.09
11.76
12.79
13.34
14.17
14.54
6.25%
6.80%
77
23.92
Revenue growth%
28.70
27.92
28.89
30.85
30.47
33.43
30.67
32.16
31.12
33.06
8.12
32.16
30.76
21
14.17
Gross margin%
16.19
16.40
15.86
15.05
16.40
17.87
14.95
15.88
14.41
14.97
27.26
14.97
15.87
46
14.64
Operating margin%
11.60
12.66
12.35
11.68
13.11
10.16
7.78
6.18
6.24
8.33
16.68
7.78
10.88
71
29.82
Net margin%
12.86
14.54
13.15
14.60
16.55
13.61
14.11
15.10
15.31
18.02
12.39
15.10
14.57
11
33.94
P/E ratio (avg)x
16.68
18.53
17.52
20.17
21.30
20.37
20.45
23.20
25.05
29.48
10.59
23.20
20.41
83
15.52
EV/EBITx
37.10
40.49
44.24
42.76
37.19
33.39
35.76
36.67
33.68
29.91
15.59
33.68
36.89
32
26.75
FCF yield (avg)%
24.15
24.92
22.92
25.67
24.30
22.84
22.09
22.15
20.76
23.58
28.39
22.15
23.25
88
21.86
FCF margin%
28.71
29.39
26.61
25.80
26.58
29.09
31.34
28.62
25.96
24.80
16.54
28.62
27.62
40
1.173
FCF / Net incomex
1.049
1.207
1.263
1.185
1.246
1.293
1.247
1.160
1.238
1.177
0.940
1.238
1.222
15
20.08
ROIC%
19.01
21.55
24.46
24.13
21.19
19.99
21.28
23.54
24.67
26.01
23.02
23.54
22.55
66
27.17
Return on equity%
30.24
29.82
31.73
32.63
34.23
33.66
30.97
29.20
31.80
31.64
19.48
31.64
31.69
60
2.57
Return on assets%
19.64
21.01
19.51
18.51
17.06
17.14
17.11
19.87
22.85
23.01
9.75
19.87
19.58
10
0.24
EPS€
1.05
1.05
1.16
1.36
1.61
1.69
2.04
2.14
2.39
2.69
0.25
10.89%
11.80%
—
14.54
EPS growth%
4.32
1.99
3.86
3.59
0.86
0.40
0.40
0.40
1.28
0.40
24.16
0.40
1.07
94
0.42
Bookvalue per sh€
0.24
0.27
0.31
0.34
0.38
0.38
0.38
0.43
0.47
0.55
0.88
7.61%
9.79%
—
0.75
FCF per share€
0.24
0.25
0.24
0.23
0.22
0.20
0.18
0.18
0.19
0.18
0.51
(3.09%)
(3.66%)
—
0.66
Dividend per sh€
0.30
0.32
0.35
0.32
0.32
0.29
0.29
0.26
0.27
0.24
0.55
(5.67%)
(3.38%)
—
23.13
Div yield (avg)%
2.23
4.29
1.58
3.92
1.14
2.89
2.78
3.02
0.83
0.40
14.95
2.78
2.50
23
5.24
Payout ratio%
7.72
10.62
12.96
13.47
11.69
9.87
12.30
13.45
12.13
11.48
24.34
12.13
11.91
16
11.17
Shares (diluted)M
18.84
19.09
21.43
22.98
22.64
27.12
28.00
31.05
36.05
42.75
10.61
13.55%
10.16%
33
19.32
Buyback yield%
10.77
9.28
11.99
9.46
12.25
13.84
15.13
13.37
13.66
12.52
11.20
13.66
12.39
69
1.294
D/E ratiox
0.257
0.301
0.321
0.326
0.366
0.427
0.491
0.570
0.660
0.717
0.428
0.570
0.396
60
2.334
Enterprise value€M
8.656
8.383
7.896
8.831
9.083
10.43
11.89
11.24
10.33
11.58
11.08
4.97%
3.38%
47
10.31
LT debt€M
5.572
4.976
5.103
5.099
5.619
5.551
5.153
4.690
5.073
5.143
10.69
(1.76%)
(1.61%)
11
Revenue
€14.17M
6.80%
1.00×
Cost of revenue
€9.916M
6.80%
1.00×
Operating expenses
€2.447M
6.96%
1.02×
Property and equipment
18.39%
Goodwill & intangibles
17.43%
Cash and investments
15.69%
Spread over hurdle
(5.44%)