205.4
Revenue€M
147.5
163.3
175.4
187.3
199.1
215.2
238.8
258.7
281.8
307.8
224.3
9.11%
8.73%
37
14.82
Revenue growth%
30.25
27.51
26.66
24.85
25.79
28.06
27.05
27.59
26.82
24.12
27.44
27.05
26.93
92
15.23
Gross margin%
22.36
21.65
20.51
22.65
22.73
23.19
20.42
18.38
16.67
16.07
2.98
18.38
21.08
77
3.01
Operating margin%
14.18
11.69
11.80
10.08
12.73
15.71
17.73
17.66
19.53
16.60
5.31
17.66
14.95
61
20.44
Net margin%
24.77
27.02
29.92
27.19
27.84
29.93
27.62
25.64
24.51
21.76
28.50
25.64
27.11
35
13.63
P/E ratio (avg)x
23.62
23.95
26.64
25.37
23.86
23.52
26.25
28.81
27.97
28.74
18.26
27.97
25.81
19
34.25
EV/EBITx
9.392
9.612
10.04
11.37
11.59
12.21
13.17
15.09
17.01
19.87
8.228
15.09
11.90
51
18.91
FCF yield (avg)%
14.39
15.87
14.65
11.92
14.76
16.13
15.35
14.20
16.87
14.95
5.61
15.35
14.85
6
28.14
FCF margin%
24.21
25.02
26.79
27.37
25.83
26.53
27.50
30.10
28.92
26.05
23.27
27.50
26.66
14
0.222
FCF / Net incomex
0.363
0.415
0.410
0.425
0.448
0.466
0.469
0.448
0.523
0.590
0.716
0.469
0.448
71
2.05
ROIC%
11.13
10.92
10.21
12.15
11.71
10.89
8.94
10.42
11.10
10.58
10.67
10.58
10.91
56
6.85
Return on equity%
21.83
23.80
22.06
19.82
20.51
21.57
19.74
18.62
18.44
15.96
11.88
18.62
20.17
71
5.50
Return on assets%
9.53
10.30
7.75
7.76
4.96
5.03
3.10
5.91
6.30
4.48
29.98
5.03
6.10
80
0.82
EPS€
0.83
0.87
0.89
0.84
0.77
0.86
0.95
1.07
1.00
0.92
0.85
3.78%
1.27%
—
13.08
EPS growth%
18.39
17.51
17.00
16.77
14.23
16.92
14.27
12.35
14.59
11.89
28.49
14.27
15.68
71
0.60
Bookvalue per sh€
1.52
1.64
1.82
1.98
2.01
2.15
2.13
2.23
2.08
2.44
1.56
3.98%
5.85%
—
0.27
FCF per share€
1.14
1.19
1.22
1.21
1.25
1.12
1.12
1.15
1.12
1.11
0.56
(2.30%)
(1.28%)
—
0.33
Dividend per sh€
1.73
1.76
1.86
1.97
2.13
2.16
2.56
2.94
2.96
3.30
1.30
9.11%
7.41%
—
27.38
Div yield (avg)%
23.81
21.83
24.00
22.95
23.21
20.41
21.83
24.74
22.82
23.70
16.50
22.82
23.08
48
8.45
Payout ratio%
28.34
27.40
27.67
27.12
29.88
29.41
27.52
26.79
26.88
28.82
29.42
27.52
27.59
74
160.4
Shares (diluted)M
133.0
145.4
147.7
154.7
169.1
170.0
164.7
144.2
137.1
130.6
165.1
(5.03%)
(0.74%)
62
11.24
Buyback yield%
8.91
6.38
4.01
6.93
4.82
2.38
2.60
5.15
4.67
6.48
13.34
4.67
4.98
81
0.958
D/E ratiox
0.673
0.689
0.741
0.663
0.636
0.706
0.629
0.661
0.627
0.554
0.287
0.629
0.662
86
34.86
Enterprise value€M
102.5
100.2
97.70
107.1
123.8
138.9
147.1
152.8
159.1
182.9
236.8
8.13%
7.40%
42
178.1
LT debt€M
231.1
230.1
258.4
279.0
290.7
293.0
288.7
272.6
282.4
266.1
223.8
(1.75%)
1.49%
51
Revenue
€307.8M
8.73%
1.00×
Cost of revenue
€201.7M
8.96%
1.02×
Operating expenses
€49.19M
8.04%
0.94×
Cash and investments
14.29%
Spread over hurdle
(1.55%)