191.7
Revenue€M
119.9
127.1
133.4
142.1
150.5
161.4
168.5
175.0
188.9
203.3
212.3
6.19%
5.81%
18
20.59
Revenue growth%
12.83
14.82
13.12
10.16
12.26
11.67
12.96
14.46
17.07
19.83
10.06
14.46
13.04
69
15.61
Gross margin%
33.38
31.95
30.62
30.92
32.08
33.79
32.59
31.91
30.29
30.83
25.07
31.91
31.93
94
8.54
Operating margin%
21.81
23.58
22.01
23.43
24.22
25.23
26.31
24.36
25.82
25.06
29.76
25.23
24.29
27
21.73
Net margin%
14.60
15.79
15.60
16.71
15.78
16.32
18.24
19.04
18.34
17.16
23.35
18.24
16.52
88
26.77
P/E ratio (avg)x
46.93
47.96
47.03
48.76
49.68
58.96
70.50
71.69
74.87
79.39
29.40
71.69
54.32
11
32.03
EV/EBITx
30.15
27.79
30.73
32.50
35.08
36.11
40.83
42.12
38.95
42.18
31.70
40.83
35.60
50
22.38
FCF yield (avg)%
25.91
26.78
28.90
28.27
27.84
25.62
22.64
22.58
24.43
24.44
20.07
24.43
25.76
40
29.59
FCF margin%
27.24
27.77
29.72
31.50
33.72
36.45
34.31
32.24
33.55
36.27
7.33
34.31
32.89
59
1.594
FCF / Net incomex
1.540
1.723
1.860
1.732
1.669
1.615
1.514
1.348
1.333
1.433
0.968
1.433
1.578
36
17.33
ROIC%
2.47
0.84
0.40
0.40
0.40
0.40
0.93
0.40
1.14
0.40
19.73
0.40
0.40
44
2.66
Return on equity%
7.56
9.63
9.25
11.49
10.38
11.43
11.97
11.10
13.22
14.10
25.20
11.97
11.26
77
12.43
Return on assets%
24.07
21.61
18.85
16.02
17.88
16.50
17.48
17.40
17.64
19.35
10.77
17.48
17.76
5
0.36
EPS€
0.68
0.74
0.77
0.77
0.84
0.95
1.14
1.23
1.23
1.31
0.37
9.25%
8.66%
—
6.63
EPS growth%
24.01
26.33
28.29
29.67
27.13
27.59
29.95
27.98
26.23
25.30
20.92
27.59
27.36
69
0.30
Bookvalue per sh€
0.41
0.37
0.37
0.35
0.39
0.43
0.39
0.39
0.40
0.45
0.27
2.88%
0.91%
—
0.14
FCF per share€
0.24
0.24
0.25
0.27
0.30
0.27
0.27
0.29
0.30
0.27
0.49
(1.92%)
1.32%
—
0.17
Dividend per sh€
0.51
0.58
0.59
0.67
0.76
0.76
0.86
0.96
1.03
1.08
0.11
7.15%
8.16%
—
18.52
Div yield (avg)%
27.34
24.55
22.77
21.04
18.96
20.14
20.46
22.12
21.86
20.64
16.77
20.64
21.45
82
16.38
Payout ratio%
25.01
24.90
27.23
27.36
26.52
24.74
23.73
24.82
24.59
22.85
2.08
24.59
24.86
78
134.7
Shares (diluted)M
209.0
232.6
238.5
273.9
301.8
285.8
315.4
343.1
359.0
360.2
131.2
3.60%
6.98%
82
27.99
Buyback yield%
11.93
11.43
12.42
10.20
9.16
8.81
6.82
7.49
9.91
8.48
18.82
8.48
9.53
94
1.068
D/E ratiox
0.706
0.622
0.568
0.562
0.551
0.593
0.525
0.481
0.413
0.431
0.445
0.481
0.556
39
141.4
Enterprise value€M
184.4
171.6
152.6
154.4
164.5
163.5
175.4
178.2
163.4
163.9
128.0
(0.07%)
(1.16%)
71
77.29
LT debt€M
72.60
77.22
79.12
77.43
78.25
81.76
83.55
92.40
99.07
113.7
56.22
7.76%
6.05%
89
Revenue
€203.3M
5.81%
1.00×
Cost of revenue
€106.7M
5.92%
1.01×
Operating expenses
€50.42M
5.91%
1.01×
Cash and investments
14.86%
Spread over hurdle
26.56%