1.452
Revenue€M
1.131
1.227
1.321
1.436
1.536
1.673
1.782
1.914
2.118
2.344
1.513
8.82%
8.59%
24
14.30
Revenue growth%
8.47
7.67
9.09
10.95
11.23
12.43
14.81
17.47
15.46
15.84
15.70
15.46
11.83
80
29.15
Gross margin%
25.11
25.03
25.17
26.79
24.65
26.95
25.44
27.14
28.11
29.94
17.89
27.14
26.11
21
10.45
Operating margin%
18.03
16.32
14.82
13.57
14.58
14.27
14.86
17.68
17.11
16.96
22.11
16.96
15.59
29
11.31
Net margin%
26.14
27.54
26.31
25.25
28.25
29.77
28.42
25.53
28.27
29.45
17.66
28.42
27.89
54
28.97
P/E ratio (avg)x
22.91
25.14
22.78
21.76
19.82
21.10
21.38
19.48
21.35
21.37
13.81
21.35
21.38
51
26.78
EV/EBITx
17.23
17.41
19.07
17.39
17.38
15.74
15.04
14.23
15.32
13.54
37.35
15.04
16.48
34
27.55
FCF yield (avg)%
14.59
13.40
11.85
11.39
13.32
10.83
11.45
13.24
13.36
11.05
26.85
11.45
12.54
13
21.21
FCF margin%
17.89
15.09
17.91
17.23
18.13
19.74
18.14
16.69
15.66
14.00
6.33
16.69
17.56
90
0.902
FCF / Net incomex
0.841
0.952
0.882
0.961
0.930
0.920
0.979
0.915
0.839
0.814
1.544
0.915
0.917
50
9.64
ROIC%
27.06
28.26
28.41
29.59
29.16
31.49
32.53
32.56
31.65
32.04
13.96
32.04
30.54
70
24.85
Return on equity%
24.78
24.84
25.21
28.14
29.05
28.48
27.43
27.12
27.06
26.92
22.27
27.12
27.09
47
21.72
Return on assets%
28.28
26.47
28.48
26.15
24.43
22.09
22.39
23.28
21.59
18.81
22.77
22.09
23.85
20
0.21
EPS€
0.10
0.11
0.11
0.12
0.12
0.13
0.11
0.11
0.10
0.09
0.23
(6.11%)
(2.19%)
—
27.04
EPS growth%
21.03
20.00
17.74
20.34
17.54
18.81
20.22
19.29
19.76
19.78
29.34
19.76
19.77
75
0.19
Bookvalue per sh€
0.38
0.45
0.50
0.54
0.59
0.69
0.69
0.78
0.81
0.88
0.30
8.37%
9.06%
—
0.16
FCF per share€
0.52
0.54
0.55
0.54
0.53
0.62
0.71
0.79
0.77
0.76
0.29
7.39%
3.74%
—
0.25
Dividend per sh€
0.08
0.09
0.10
0.10
0.10
0.11
0.12
0.11
0.10
0.09
0.13
(3.28%)
0.37%
—
22.32
Div yield (avg)%
10.37
11.68
11.78
10.72
11.54
10.97
12.66
12.91
12.76
12.74
29.81
12.74
11.73
51
3.46
Payout ratio%
12.42
14.54
15.96
16.05
17.74
19.48
20.57
22.11
24.97
24.28
23.69
22.11
18.61
91
8.474
Shares (diluted)M
9.744
10.74
10.89
11.93
12.98
13.41
13.78
13.29
15.20
16.05
8.407
4.34%
5.70%
27
16.81
Buyback yield%
18.85
17.35
19.65
17.82
16.54
16.01
18.95
16.47
14.31
11.56
4.74
16.01
16.95
29
0.479
D/E ratiox
1.894
1.856
2.168
2.532
2.834
3.019
2.998
3.032
3.120
3.003
0.721
3.019
2.916
74
0.444
Enterprise value€M
1.183
1.260
1.279
1.481
1.615
1.793
1.835
1.926
1.933
2.153
1.480
5.92%
6.88%
32
2.624
LT debt€M
2.507
2.821
3.168
3.100
3.366
3.488
3.739
3.732
3.684
4.245
2.009
4.75%
6.41%
31
Revenue
€2.344M
8.59%
1.00×
Cost of revenue
€1.612M
8.53%
0.99×
Operating expenses
€0.532M
8.20%
0.96×
Spread over hurdle
(3.67%)