537.0
Revenue€M
504.6
542.0
567.4
597.8
649.4
698.5
751.2
805.0
870.4
942.0
588.1
7.72%
7.13%
72
29.13
Revenue growth%
12.55
13.84
13.30
10.52
13.02
12.89
12.47
13.19
11.40
12.94
16.01
12.89
12.91
64
12.61
Gross margin%
0.40
1.37
0.40
1.81
0.40
0.40
1.49
4.10
1.17
0.40
11.63
1.17
0.78
77
23.57
Operating margin%
14.46
17.18
14.22
12.74
11.94
11.57
10.82
10.73
9.83
9.51
29.77
10.73
11.75
64
19.11
Net margin%
26.00
25.35
26.63
29.07
31.97
33.37
36.09
34.53
32.23
33.25
14.17
33.37
32.10
33
20.06
P/E ratio (avg)x
9.300
9.072
9.262
9.992
11.07
10.62
11.89
11.61
11.86
13.44
23.33
11.86
10.84
90
31.29
EV/EBITx
7.700
7.582
7.391
7.192
7.939
8.052
8.326
8.796
8.997
9.374
24.43
8.796
7.996
35
5.08
FCF yield (avg)%
13.19
12.60
10.57
9.26
11.96
11.20
12.10
12.82
10.59
12.70
24.72
12.10
12.03
17
10.19
FCF margin%
11.81
10.44
10.91
9.40
6.63
5.73
5.73
5.79
6.75
7.30
22.73
5.79
7.02
10
0.523
FCF / Net incomex
0.425
0.425
0.495
0.576
0.542
0.528
0.508
0.533
0.571
0.624
1.544
0.533
0.530
42
10.19
ROIC%
4.67
3.73
4.31
6.01
7.79
6.31
7.04
9.36
10.09
11.58
28.30
9.36
6.67
41
7.92
Return on equity%
11.57
10.28
7.36
5.35
8.24
7.98
10.47
9.64
11.34
10.15
21.50
10.15
9.90
86
13.00
Return on assets%
18.70
17.90
19.15
16.74
14.25
13.89
12.54
14.68
15.07
12.65
14.38
13.89
14.87
82
22.78
EPS€
5.37
5.59
6.01
6.17
6.00
5.51
4.91
5.37
5.87
5.46
24.23
(1.89%)
(0.15%)
—
13.44
EPS growth%
9.99
8.48
11.13
12.33
11.22
12.94
13.72
14.83
17.33
15.40
25.43
14.83
12.64
30
10.58
Bookvalue per sh€
33.77
31.12
34.68
33.74
31.54
31.16
31.27
33.81
34.03
37.78
5.70
3.68%
1.39%
—
21.41
FCF per share€
13.48
13.08
14.44
15.43
15.46
14.38
15.28
16.56
18.11
19.03
23.66
4.25%
3.09%
—
5.03
Dividend per sh€
12.68
12.11
13.36
14.30
14.50
14.77
15.72
15.60
18.24
20.24
18.05
6.90%
5.88%
—
10.41
Div yield (avg)%
6.09
9.05
9.78
12.55
11.42
9.88
8.06
8.22
7.64
6.88
28.22
8.06
8.64
11
16.62
Payout ratio%
20.80
20.09
22.26
20.60
19.90
18.42
16.60
15.39
18.27
16.86
22.94
16.86
19.16
57
37.01
Shares (diluted)M
47.53
55.50
57.69
66.90
68.36
74.06
75.83
73.81
75.54
81.02
37.15
3.46%
5.31%
53
6.97
Buyback yield%
10.28
10.42
7.61
8.98
7.67
6.96
5.86
8.28
7.92
9.74
11.94
7.92
8.10
84
1.564
D/E ratiox
1.906
1.794
2.054
1.894
2.144
2.057
2.153
1.983
2.219
2.397
1.519
2.153
2.055
52
356.7
Enterprise value€M
218.9
234.7
228.3
233.4
251.4
280.1
278.7
258.3
277.2
314.2
361.3
4.56%
3.68%
15
0.642
LT debt€B
1.397
1.691
1.992
2.003
2.394
2.541
2.848
2.845
3.093
3.171
0.180
5.78%
9.61%
45
Revenue
€942.0M
7.13%
1.00×
Cost of revenue
€510.0M
7.06%
0.99×
Operating expenses
€214.9M
7.16%
1.00×
Property and equipment
17.89%
Spread over hurdle
(0.65%)