197.9
Revenue€M
127.2
133.9
144.6
151.4
159.6
167.5
178.8
193.3
208.2
223.9
207.7
7.00%
6.58%
63
20.36
Revenue growth%
0.40
1.46
3.36
2.60
2.62
1.60
4.25
3.09
2.54
2.27
22.08
2.54
2.57
58
3.15
Gross margin%
12.10
11.50
12.15
13.32
10.91
11.43
8.43
5.53
3.68
6.65
16.23
6.65
11.17
45
21.13
Operating margin%
20.22
22.90
23.61
22.75
21.15
20.05
20.54
18.37
19.71
22.34
28.49
20.05
20.85
17
6.48
Net margin%
25.25
28.04
27.57
30.50
29.79
32.08
31.49
29.16
28.18
26.29
29.88
29.16
28.67
14
35.14
P/E ratio (avg)x
10.59
10.85
11.15
11.36
10.90
10.96
12.17
12.61
12.73
13.22
17.78
12.61
11.26
10
30.66
EV/EBITx
47.51
51.22
58.88
66.02
72.98
72.09
79.49
86.01
87.06
92.22
28.24
86.01
72.53
86
13.80
FCF yield (avg)%
15.53
15.84
16.40
14.94
15.72
18.57
19.27
18.21
20.36
20.23
14.89
19.27
17.31
44
22.49
FCF margin%
18.32
18.53
18.21
19.58
17.34
18.57
16.86
17.60
19.53
17.67
11.95
17.67
18.26
59
1.427
FCF / Net incomex
1.204
1.362
1.556
1.575
1.751
2.037
2.239
2.632
3.068
3.469
0.387
2.632
1.894
48
28.55
ROIC%
23.94
23.90
24.46
21.47
21.28
21.88
19.41
21.68
19.13
18.45
27.05
19.41
21.58
82
28.45
Return on equity%
30.78
31.34
32.32
32.85
30.03
28.74
29.82
28.44
28.62
28.02
18.18
28.62
29.93
38
13.45
Return on assets%
2.91
4.13
4.13
5.45
4.27
3.61
2.79
3.57
5.10
3.34
30.00
3.57
3.87
14
0.91
EPS€
1.00
1.01
1.11
1.14
1.21
1.07
1.19
1.16
1.14
1.25
1.01
0.70%
3.36%
—
11.55
EPS growth%
18.59
20.53
18.90
17.16
17.20
18.90
18.60
20.17
21.05
18.69
16.25
18.90
18.79
59
1.01
Bookvalue per sh€
0.99
0.87
0.73
0.71
0.72
0.65
0.65
0.58
0.61
0.66
0.88
(1.62%)
(5.28%)
—
1.03
FCF per share€
0.97
1.02
1.03
1.12
1.07
1.02
1.03
1.13
1.25
1.30
0.80
4.09%
2.79%
—
0.41
Dividend per sh€
0.50
0.49
0.50
0.44
0.44
0.41
0.39
0.37
0.36
0.36
0.50
(3.67%)
(3.28%)
—
13.33
Div yield (avg)%
21.79
22.50
20.76
21.22
18.58
17.42
17.89
20.40
19.05
17.35
19.51
17.89
19.73
25
9.50
Payout ratio%
6.46
4.62
2.18
3.13
4.24
1.49
0.40
0.40
0.54
0.72
11.64
0.54
1.83
42
263.3
Shares (diluted)M
275.6
296.0
268.9
245.6
245.1
231.7
246.0
247.5
258.0
287.7
264.3
3.26%
0.25%
26
18.75
Buyback yield%
14.10
16.82
18.80
16.15
14.89
12.38
12.61
12.68
14.91
14.50
17.51
12.68
14.70
40
0.883
D/E ratiox
1.038
1.004
1.058
1.106
1.212
1.096
1.234
1.254
1.318
1.458
1.118
1.254
1.159
92
25.75
Enterprise value€M
195.6
212.6
199.1
176.3
174.3
172.3
174.3
195.2
209.5
223.6
40.85
5.10%
1.80%
77
129.1
LT debt€M
34.51
31.84
33.00
35.33
33.71
36.01
31.57
33.59
30.78
32.32
109.5
(0.84%)
0.23%
19
Revenue
€223.9M
6.58%
1.00×
Cost of revenue
€135.4M
6.48%
0.99×
Operating expenses
€44.50M
7.10%
1.05×
Spread over hurdle
10.81%