129.8
Revenue€M
97.65
100.0
101.9
102.2
104.4
105.9
106.8
109.5
109.4
112.2
141.5
1.44%
1.50%
48
3.84
Revenue growth%
23.47
24.39
21.64
19.56
21.31
22.40
19.53
22.14
23.54
21.33
25.26
22.14
21.89
67
16.77
Gross margin%
23.14
25.63
26.09
27.36
26.89
26.16
26.89
28.16
28.08
27.42
6.61
27.42
26.89
78
23.31
Operating margin%
31.11
32.09
30.71
31.62
28.77
26.29
28.12
28.02
25.26
23.65
24.12
26.29
28.44
40
11.06
Net margin%
2.60
0.40
0.40
0.40
1.45
0.40
0.40
0.40
0.40
0.40
16.25
0.40
0.40
78
17.75
P/E ratio (avg)x
20.96
17.97
16.71
14.86
13.30
11.67
11.80
12.15
11.15
11.03
27.23
11.67
12.72
79
26.43
EV/EBITx
16.48
16.33
14.69
12.47
10.84
10.09
9.275
8.157
8.777
8.717
34.22
8.777
10.46
86
5.52
FCF yield (avg)%
2.11
3.50
5.62
5.42
2.70
2.12
1.61
0.40
2.76
4.16
16.58
2.12
2.73
14
4.50
FCF margin%
18.63
17.44
19.72
19.76
21.87
22.92
23.22
22.03
21.90
22.77
13.79
22.77
21.89
8
0.687
FCF / Net incomex
1.131
1.245
1.411
1.492
1.674
1.557
1.525
1.716
1.993
2.265
0.472
1.716
1.541
84
16.34
ROIC%
26.67
28.94
27.44
25.23
23.85
26.60
27.58
27.96
28.06
30.20
3.97
27.96
27.51
43
29.23
Return on equity%
17.19
19.14
17.51
16.77
18.20
17.24
16.05
18.52
20.95
23.12
25.32
18.52
17.86
72
4.81
Return on assets%
25.38
26.28
28.89
31.68
31.83
34.82
33.62
32.00
30.48
29.15
27.58
32.00
31.08
20
0.88
EPS€
1.00
1.10
1.30
1.45
1.57
1.58
1.80
1.90
1.92
2.15
0.92
6.51%
9.01%
—
12.75
EPS growth%
7.77
5.24
5.54
4.85
4.41
3.39
1.17
3.95
6.01
7.26
6.11
3.95
5.05
69
2.37
Bookvalue per sh€
2.05
2.28
2.44
2.76
3.10
3.05
3.32
3.55
4.02
4.82
1.85
9.19%
10.00%
—
1.65
FCF per share€
2.58
2.49
2.86
2.77
2.81
3.27
3.62
4.22
4.61
4.57
0.38
10.20%
7.30%
—
1.82
Dividend per sh€
3.22
3.11
3.51
3.84
3.63
3.57
3.46
3.80
3.53
3.38
1.02
(1.42%)
0.10%
—
29.62
Div yield (avg)%
13.71
15.22
13.53
14.99
13.91
14.23
13.37
13.28
13.67
12.84
11.33
13.37
13.69
48
10.65
Payout ratio%
13.03
14.30
17.18
14.97
16.30
15.08
14.91
14.24
15.01
17.61
25.17
15.01
14.99
38
24.52
Shares (diluted)M
37.90
45.75
53.55
55.66
55.10
67.08
81.54
87.18
90.83
102.5
24.79
13.22%
11.89%
40
12.72
Buyback yield%
11.78
14.56
12.30
13.30
10.34
11.83
11.95
9.67
10.60
7.89
3.41
10.60
11.81
50
1.368
D/E ratiox
1.731
1.936
2.132
2.333
2.276
2.513
2.555
2.764
2.947
3.149
0.205
2.764
2.423
12
119.8
Enterprise value€M
29.46
31.62
29.48
28.09
30.58
27.82
30.52
28.40
25.97
23.71
13.78
(4.96%)
(2.10%)
6
110.2
LT debt€M
103.1
117.1
126.8
136.8
160.8
175.8
193.4
217.3
206.9
202.4
46.99
4.71%
6.80%
6
Revenue
€112.2M
1.50%
1.00×
Cost of revenue
€74.08M
1.43%
0.99×
Operating expenses
€15.02M
1.05%
0.96×
Goodwill & intangibles
13.05%
Spread over hurdle
(2.01%)