404.4
Revenue€M
272.4
275.5
283.6
289.4
298.1
308.2
320.3
330.1
330.1
342.9
439.0
2.84%
2.68%
40
13.41
Revenue growth%
0.40
0.40
3.20
5.56
3.33
4.99
2.61
5.50
6.52
7.81
16.79
5.50
4.16
8
25.31
Gross margin%
3.43
3.64
6.50
7.60
7.39
6.51
9.25
7.54
9.32
9.72
9.02
9.25
7.47
84
16.82
Operating margin%
15.61
16.18
17.22
17.12
15.61
18.09
17.23
20.16
22.75
24.22
13.27
20.16
17.23
80
18.45
Net margin%
4.50
7.26
4.39
6.36
6.50
8.93
9.73
12.18
14.34
15.08
3.63
12.18
8.10
59
26.99
P/E ratio (avg)x
18.25
16.80
15.35
14.13
14.79
14.57
15.09
17.02
18.46
20.96
19.23
17.02
16.08
89
20.28
EV/EBITx
25.64
28.11
30.29
30.89
29.87
32.16
28.54
30.92
26.79
29.01
37.65
29.01
29.44
89
25.26
FCF yield (avg)%
22.90
21.34
19.05
17.70
19.31
20.67
22.75
23.87
22.00
23.37
16.05
22.75
21.67
72
2.68
FCF margin%
25.47
27.97
26.99
27.25
28.76
29.61
29.70
29.37
27.81
28.29
2.54
29.37
28.13
51
1.775
FCF / Net incomex
0.438
0.447
0.493
0.535
0.548
0.601
0.686
0.816
0.825
0.810
1.605
0.810
0.575
84
3.83
ROIC%
29.99
28.76
30.46
29.63
31.18
33.76
33.30
35.86
36.71
39.53
28.50
35.86
32.24
10
12.73
Return on equity%
13.74
15.89
18.84
16.56
15.26
17.22
17.83
16.90
17.81
19.79
5.42
17.81
17.06
75
14.00
Return on assets%
20.66
21.99
21.15
22.59
20.35
17.93
15.16
14.44
16.54
19.25
28.37
16.54
19.80
45
0.52
EPS€
0.84
0.96
0.90
1.07
1.13
1.29
1.43
1.62
1.88
1.91
0.54
11.01%
8.30%
—
23.12
EPS growth%
12.24
13.30
11.06
10.62
12.65
11.40
10.61
11.47
10.73
12.24
18.24
11.40
11.44
91
1.16
Bookvalue per sh€
0.78
0.81
0.86
1.01
1.02
1.16
1.20
1.41
1.52
1.54
0.54
8.53%
6.74%
—
0.79
FCF per share€
0.63
0.62
0.66
0.74
0.73
0.79
0.77
0.75
0.87
1.01
0.19
6.59%
6.41%
—
0.57
Dividend per sh€
0.25
0.28
0.31
0.34
0.31
0.30
0.27
0.26
0.28
0.32
0.86
0.70%
3.13%
—
4.38
Div yield (avg)%
25.28
24.78
24.67
22.57
19.97
21.70
24.01
26.19
23.69
21.75
28.31
23.69
23.85
29
5.70
Payout ratio%
8.11
10.25
13.13
14.69
14.32
13.47
12.50
11.26
12.07
14.36
2.67
12.50
12.81
72
101.2
Shares (diluted)M
109.5
116.9
116.3
122.2
126.2
117.1
116.3
127.2
112.6
104.5
102.2
(3.70%)
0.24%
73
6.78
Buyback yield%
10.29
9.54
10.27
9.00
6.60
4.98
6.47
6.86
7.79
5.18
29.36
6.47
7.32
11
0.703
D/E ratiox
0.496
0.525
0.459
0.465
0.484
0.417
0.397
0.402
0.404
0.438
1.510
0.404
0.448
51
276.2
Enterprise value€M
30.68
33.07
29.47
30.85
31.50
31.98
32.37
34.71
36.16
37.42
420.6
3.51%
2.49%
21
374.9
LT debt€M
354.5
357.8
320.2
286.9
275.0
242.7
266.2
268.2
292.5
254.3
289.6
(1.56%)
(3.12%)
95
Revenue
€342.9M
2.68%
1.00×
Cost of revenue
€237.3M
2.98%
1.03×
Operating expenses
€41.95M
2.11%
0.95×
Spread over hurdle
(7.57%)