5.481
Revenue€M
40.61
43.77
46.36
50.80
54.30
59.75
65.00
69.46
73.87
80.55
5.867
8.21%
7.80%
48
26.93
Revenue growth%
5.98
4.24
6.65
6.64
5.11
2.51
5.15
7.24
8.77
7.65
3.15
7.24
6.31
29
21.74
Gross margin%
0.99
1.72
1.36
0.40
1.82
3.92
2.03
4.51
7.38
9.03
26.62
4.51
1.92
17
17.18
Operating margin%
19.75
17.38
20.07
22.87
22.23
22.77
25.37
27.03
25.36
24.14
12.00
25.36
22.82
31
15.64
Net margin%
13.28
15.01
14.54
16.24
13.39
14.58
14.66
14.26
16.59
14.15
28.53
14.58
14.56
21
24.81
P/E ratio (avg)x
17.82
18.37
17.20
17.12
19.72
19.54
19.03
18.20
18.41
19.64
14.48
19.03
18.39
90
32.39
EV/EBITx
34.39
35.78
33.70
33.81
32.77
38.18
43.13
48.68
50.76
57.67
15.50
48.68
36.98
82
16.70
FCF yield (avg)%
24.24
26.11
23.19
25.81
24.01
26.04
27.95
26.46
25.11
26.50
14.05
26.46
25.92
77
28.19
FCF margin%
20.87
22.54
22.00
21.95
21.54
19.50
20.38
18.01
15.27
15.04
18.88
18.01
20.62
76
1.202
FCF / Net incomex
2.201
2.242
2.349
2.515
2.662
2.982
3.162
3.055
3.248
3.392
1.496
3.162
2.822
41
10.55
ROIC%
8.88
9.61
8.73
8.55
6.08
8.90
7.65
10.16
12.74
10.14
26.47
10.14
8.89
18
29.32
Return on equity%
5.93
8.76
8.08
10.79
10.61
11.28
9.68
8.53
6.85
8.28
17.34
8.53
8.64
66
23.58
Return on assets%
15.70
14.97
14.46
16.00
16.47
19.16
17.52
17.02
15.62
13.23
17.17
17.02
15.85
79
0.27
EPS€
0.08
0.08
0.09
0.09
0.10
0.10
0.11
0.11
0.12
0.11
0.28
1.15%
3.28%
—
6.05
EPS growth%
13.94
12.91
14.65
14.67
13.24
14.80
14.63
16.18
17.69
19.08
24.61
16.18
14.66
34
0.19
Bookvalue per sh€
0.63
0.62
0.72
0.75
0.84
0.80
0.88
1.01
1.13
1.21
0.16
7.51%
8.31%
—
0.08
FCF per share€
0.36
0.36
0.37
0.37
0.39
0.40
0.43
0.44
0.49
0.54
0.33
6.78%
4.52%
—
0.43
Dividend per sh€
0.20
0.20
0.19
0.21
0.20
0.20
0.19
0.17
0.18
0.19
0.53
(1.63%)
(1.01%)
—
26.30
Div yield (avg)%
3.31
4.85
3.42
1.33
0.95
1.15
0.85
0.40
0.40
2.84
26.14
0.85
1.24
75
26.33
Payout ratio%
1.98
4.32
3.70
2.77
4.53
4.86
2.28
4.52
3.84
3.54
21.60
3.84
3.77
8
65.74
Shares (diluted)M
68.21
69.79
62.57
57.54
61.40
53.53
49.43
48.94
44.27
42.58
63.86
(7.06%)
(3.75%)
29
19.32
Buyback yield%
8.22
7.14
5.67
3.12
6.06
6.41
7.72
6.92
5.29
4.56
29.45
6.41
6.23
47
0.161
D/E ratiox
0.145
0.147
0.171
0.184
0.192
0.185
0.207
0.196
0.212
0.206
0.660
0.206
0.189
30
5.617
Enterprise value€M
51.23
54.62
59.67
63.32
59.66
63.15
63.34
58.70
61.10
68.53
22.55
2.81%
3.69%
22
22.98
LT debt€M
100.3
102.4
105.9
100.4
102.7
104.8
119.2
126.5
139.7
156.7
33.56
8.83%
5.90%
69
Revenue
€80.55M
7.80%
1.00×
Cost of revenue
€41.29M
7.84%
1.00×
Operating expenses
€10.65M
7.81%
1.00×
Goodwill & intangibles
15.98%
Spread over hurdle
(1.67%)