3.675
Revenue€M
2.064
2.242
2.435
2.570
2.742
2.890
3.124
3.354
3.482
3.611
3.820
5.65%
6.55%
10
18.45
Revenue growth%
7.60
6.19
8.47
10.44
11.41
13.01
11.31
9.89
12.44
15.41
18.52
12.44
10.88
74
9.01
Gross margin%
27.62
29.65
30.34
30.55
28.64
26.57
25.96
27.48
27.43
28.19
11.36
27.43
27.90
41
7.37
Operating margin%
10.04
10.20
7.42
10.25
9.56
9.67
9.07
6.74
4.28
3.67
23.32
6.74
9.31
70
13.96
Net margin%
4.14
6.51
5.58
6.23
3.40
3.31
5.46
7.25
7.55
9.82
6.67
7.25
5.90
77
12.77
P/E ratio (avg)x
8.136
7.892
9.115
10.34
10.38
11.67
13.13
13.87
14.46
15.08
31.49
13.87
11.02
8
9.937
EV/EBITx
14.88
16.95
19.44
21.12
24.21
24.39
29.29
28.58
27.90
30.06
19.63
28.58
24.30
41
13.28
FCF yield (avg)%
4.27
5.09
7.54
5.96
6.04
8.70
8.95
7.08
8.09
9.69
18.44
8.70
7.31
11
14.98
FCF margin%
7.06
4.67
4.72
5.34
5.95
8.95
10.58
13.13
13.38
10.65
13.37
10.65
8.01
26
1.440
FCF / Net incomex
1.372
1.430
1.551
1.697
1.888
2.202
2.463
2.550
2.811
3.011
0.707
2.550
2.045
16
4.66
ROIC%
14.20
14.74
12.37
11.07
9.69
10.13
13.08
13.97
14.72
14.40
15.33
13.97
13.52
51
13.04
Return on equity%
14.58
16.16
13.74
14.76
16.77
14.14
14.55
16.95
17.11
16.71
13.23
16.71
15.46
72
12.98
Return on assets%
14.72
13.83
12.75
11.80
11.64
10.33
10.24
7.66
5.18
4.19
13.36
7.66
10.98
64
0.03
EPS€
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.02
0.02
0.03
(4.26%)
(1.60%)
—
16.88
EPS growth%
26.82
24.36
22.19
23.27
22.52
23.58
24.82
26.63
26.17
25.75
20.21
25.75
24.59
28
0.03
Bookvalue per sh€
0.03
0.02
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.05
5.61%
3.31%
—
0.03
FCF per share€
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.04
(3.59%)
(0.02%)
—
0.03
Dividend per sh€
0.07
0.08
0.10
0.10
0.10
0.10
0.10
0.11
0.11
0.11
0.02
1.58%
5.73%
—
23.79
Div yield (avg)%
6.24
6.23
5.10
6.71
6.37
5.38
5.19
7.47
7.97
8.91
13.41
7.47
6.31
78
28.98
Payout ratio%
0.40
0.40
0.69
0.40
0.40
0.40
1.04
0.40
1.98
3.36
12.48
1.04
0.40
54
22.70
Shares (diluted)M
23.80
22.82
19.60
19.66
17.99
19.52
17.29
16.34
15.28
14.56
23.38
(4.14%)
(4.36%)
37
13.22
Buyback yield%
21.68
20.50
20.38
20.05
17.31
19.72
22.41
22.33
22.21
21.06
9.87
22.21
20.78
49
1.313
D/E ratiox
0.217
0.194
0.208
0.227
0.230
0.213
0.207
0.192
0.202
0.211
1.290
0.207
0.209
50
0.359
Enterprise value€M
1.818
1.946
1.874
1.749
1.689
1.788
1.611
1.731
1.785
1.952
0.943
2.95%
1.17%
38
3.072
LT debt€M
2.973
2.767
2.932
2.649
2.860
2.583
2.371
2.484
2.295
2.047
2.429
(6.47%)
(3.63%)
55
Revenue
€3.611M
6.55%
1.00×
Cost of revenue
€1.858M
6.77%
1.02×
Operating expenses
€0.845M
6.51%
1.00×
Spread over hurdle
(0.64%)