2.471
Revenue€M
4.824
5.176
5.536
5.923
6.143
6.528
6.696
7.075
7.459
7.820
2.729
4.95%
5.40%
44
7.46
Revenue growth%
10.51
7.83
7.31
7.30
9.94
6.98
8.91
6.75
5.40
4.47
26.85
6.75
7.31
13
9.28
Gross margin%
5.78
7.38
6.02
8.61
9.43
12.15
13.20
11.34
11.24
8.45
9.66
11.34
9.02
76
18.45
Operating margin%
15.74
16.02
17.03
14.90
16.70
18.81
18.52
16.28
18.26
17.28
23.35
18.26
16.87
59
10.88
Net margin%
20.09
17.33
14.44
12.90
13.87
13.09
12.15
11.59
9.54
7.41
10.11
11.59
12.99
31
32.80
P/E ratio (avg)x
39.76
46.19
49.28
56.64
58.43
55.66
52.84
61.36
62.20
67.98
30.08
61.36
56.15
36
6.442
EV/EBITx
39.52
39.37
38.09
38.13
38.56
39.96
43.02
37.54
36.00
39.30
34.43
39.30
38.93
23
27.59
FCF yield (avg)%
13.39
16.35
14.44
14.63
13.48
13.09
10.97
9.60
7.05
9.90
27.39
9.90
13.24
59
4.56
FCF margin%
21.64
22.82
20.40
18.71
16.03
14.57
13.08
14.02
12.26
15.17
18.99
14.02
15.60
46
1.277
FCF / Net incomex
0.949
1.017
1.093
1.030
0.917
0.996
0.872
0.944
0.910
0.860
0.309
0.910
0.947
35
18.07
ROIC%
12.19
10.01
9.78
8.60
8.85
11.84
11.25
12.93
12.72
10.92
6.24
11.84
11.09
38
12.56
Return on equity%
4.79
2.21
0.40
0.40
1.19
0.60
0.40
1.33
2.74
1.25
9.94
1.25
1.22
22
9.07
Return on assets%
7.26
7.41
5.60
6.55
8.55
9.27
11.23
12.01
10.13
8.35
2.06
10.13
8.45
79
0.49
EPS€
0.32
0.32
0.33
0.33
0.37
0.34
0.35
0.37
0.36
0.35
0.53
(1.05%)
2.35%
—
24.20
EPS growth%
7.85
5.81
5.49
6.67
8.52
8.83
9.50
9.92
8.49
5.70
2.29
8.83
8.17
87
0.12
Bookvalue per sh€
0.25
0.27
0.27
0.31
0.30
0.28
0.32
0.30
0.33
0.36
0.11
3.68%
3.28%
—
0.47
FCF per share€
0.35
0.35
0.38
0.36
0.32
0.31
0.28
0.29
0.30
0.30
0.26
(1.84%)
(1.00%)
—
0.12
Dividend per sh€
0.22
0.19
0.20
0.20
0.21
0.23
0.21
0.22
0.20
0.19
0.24
(2.75%)
(1.15%)
—
24.11
Div yield (avg)%
23.91
21.20
23.67
24.80
24.03
21.90
20.53
23.31
21.44
18.76
2.05
21.44
22.61
37
11.10
Payout ratio%
7.79
9.56
6.56
6.94
9.70
8.11
10.80
12.28
13.45
15.14
17.64
12.28
9.63
75
19.53
Shares (diluted)M
28.38
27.52
27.75
28.44
32.38
34.71
35.23
40.14
44.45
46.74
20.36
7.62%
5.09%
95
12.70
Buyback yield%
22.20
22.44
24.75
22.19
22.86
24.18
26.88
25.36
26.90
27.90
10.78
26.88
24.47
66
0.710
D/E ratiox
2.171
2.386
2.489
2.797
2.760
2.912
2.882
3.426
4.059
4.056
1.271
3.426
2.839
75
1.411
Enterprise value€M
7.553
7.671
7.654
8.257
7.769
8.283
8.295
9.627
11.10
12.00
2.173
9.08%
5.92%
61
9.351
LT debt€M
5.393
5.290
5.191
5.893
6.485
7.118
7.542
7.906
7.633
7.049
7.173
1.68%
3.88%
76
Revenue
€7.820M
5.40%
1.00×
Cost of revenue
€5.442M
5.59%
1.02×
Operating expenses
€1.213M
5.07%
0.97×
Spread over hurdle
(4.44%)