3.892
Revenue€M
1.842
2.006
2.156
2.293
2.430
2.682
2.915
3.096
3.329
3.646
4.009
8.46%
8.02%
92
18.79
Revenue growth%
12.83
14.55
13.12
10.13
9.04
9.75
11.87
11.13
10.94
12.10
27.08
11.13
11.50
57
9.17
Gross margin%
27.20
29.14
26.34
25.86
23.83
22.76
25.04
22.62
22.84
25.83
15.80
22.84
25.44
33
27.06
Operating margin%
16.91
15.41
18.40
15.47
18.00
20.72
21.86
20.96
21.59
20.51
6.90
20.96
19.46
50
13.50
Net margin%
17.88
15.92
16.40
19.17
20.34
19.69
21.79
23.70
20.89
18.54
2.76
20.89
19.43
67
25.26
P/E ratio (avg)x
39.07
37.90
38.21
36.97
41.89
47.62
49.03
44.71
41.32
46.92
16.53
46.92
41.61
61
13.53
EV/EBITx
11.57
10.68
10.25
10.19
10.03
9.795
9.253
8.948
9.386
10.14
35.98
9.386
10.09
23
6.62
FCF yield (avg)%
6.54
6.98
9.90
7.26
5.41
6.69
8.32
8.14
7.24
7.01
29.81
7.24
7.13
57
14.88
FCF margin%
29.86
28.55
28.26
25.75
24.38
22.76
19.85
17.74
17.62
15.93
16.00
17.74
23.57
9
0.878
FCF / Net incomex
1.457
1.583
1.782
2.152
2.528
2.839
3.401
3.984
4.758
4.667
1.441
3.984
2.684
14
12.55
ROIC%
6.27
6.97
6.22
4.86
2.83
2.37
1.69
4.12
6.67
6.44
23.78
4.12
5.54
56
3.06
Return on equity%
18.20
18.75
19.04
20.31
17.87
16.49
17.36
18.00
17.88
15.35
25.88
17.36
17.94
66
2.08
Return on assets%
18.23
20.34
22.22
19.85
20.41
21.09
19.65
21.08
20.85
21.33
16.86
21.08
20.63
72
0.02
EPS€
0.05
0.06
0.07
0.08
0.08
0.09
0.10
0.11
0.11
0.12
0.02
7.47%
9.73%
—
10.94
EPS growth%
0.47
3.34
2.76
5.35
4.28
6.12
8.83
10.17
13.07
13.58
10.04
10.17
5.73
81
0.04
Bookvalue per sh€
0.03
0.03
0.04
0.04
0.04
0.04
0.05
0.05
0.05
0.05
0.02
3.84%
6.85%
—
0.04
FCF per share€
0.01
0.01
0.01
0.01
0.01
0.01
0.01
—
—
—
0.02
(3.92%)
(1.78%)
—
0.04
Dividend per sh€
0.03
0.03
0.03
0.02
0.03
0.02
0.02
0.02
0.02
0.02
0.04
(2.77%)
(3.20%)
—
29.51
Div yield (avg)%
9.52
7.71
5.20
2.37
0.40
1.35
2.89
2.28
0.40
0.40
6.69
1.35
2.32
61
16.80
Payout ratio%
27.85
26.88
25.69
23.13
22.71
20.99
23.02
20.10
19.64
19.85
12.01
20.10
22.86
51
59.66
Shares (diluted)M
104.7
101.8
107.1
113.6
133.0
139.5
163.5
187.0
178.5
192.3
61.62
7.65%
6.78%
21
4.23
Buyback yield%
22.26
19.61
20.62
21.51
19.56
22.47
24.97
25.06
22.60
22.13
11.83
22.60
22.19
66
0.566
D/E ratiox
1.570
1.630
1.496
1.509
1.425
1.301
1.264
1.337
1.221
1.077
0.704
1.264
1.381
45
0.594
Enterprise value€M
0.790
0.927
0.953
1.004
1.136
1.075
1.218
1.400
1.560
1.794
0.384
9.58%
8.53%
10
3.999
LT debt€M
1.374
1.476
1.456
1.567
1.577
1.546
1.795
2.165
2.525
2.820
0.229
12.33%
7.83%
55
Revenue
€3.646M
8.02%
1.00×
Cost of revenue
€2.552M
8.05%
1.00×
Operating expenses
€0.484M
7.57%
0.96×
Goodwill & intangibles
17.96%
Spread over hurdle
(4.20%)