1.249
Revenue€M
0.522
0.571
0.622
0.687
0.746
0.826
0.884
0.944
1.018
1.100
1.360
8.08%
8.78%
86
24.25
Revenue growth%
18.24
17.66
16.77
13.78
14.28
17.13
19.45
19.88
19.65
19.47
18.39
19.47
17.95
51
26.59
Gross margin%
33.09
35.46
35.93
37.85
39.03
41.25
39.91
38.08
38.66
36.94
19.45
38.66
37.97
92
12.44
Operating margin%
16.56
15.62
15.62
18.06
17.70
18.09
20.55
22.24
20.87
21.47
22.47
20.87
18.07
49
6.11
Net margin%
24.38
22.37
24.64
25.17
26.07
27.91
26.03
26.17
28.05
26.66
19.64
26.66
26.05
50
21.74
P/E ratio (avg)x
20.33
18.55
17.65
17.01
18.62
20.63
20.19
20.01
18.19
18.58
12.47
20.01
18.60
95
36.94
EV/EBITx
33.34
33.32
34.23
34.74
34.11
37.31
37.17
41.09
38.85
42.80
18.04
38.85
35.96
50
20.43
FCF yield (avg)%
24.89
26.18
24.66
23.97
25.79
25.08
27.13
28.59
25.75
25.46
7.37
25.75
25.61
82
17.52
FCF margin%
8.26
7.44
6.43
6.93
8.00
6.00
3.91
1.38
0.40
2.96
20.20
2.96
6.22
36
1.002
FCF / Net incomex
0.919
0.832
0.735
0.712
0.610
0.614
0.590
0.550
0.533
0.455
1.420
0.550
0.612
78
14.01
ROIC%
16.94
18.45
19.83
16.99
16.75
17.89
16.79
18.24
18.58
15.74
22.51
17.89
17.44
92
27.85
Return on equity%
24.38
23.71
21.03
20.47
22.76
23.94
20.97
21.18
22.58
24.83
27.82
22.58
22.67
84
23.63
Return on assets%
21.60
21.02
19.58
19.88
20.23
23.05
24.41
26.76
24.35
26.15
9.09
24.41
22.33
83
0.18
EPS€
0.27
0.27
0.30
0.33
0.36
0.36
0.37
0.42
0.44
0.44
0.20
4.10%
5.14%
—
4.40
EPS growth%
2.92
0.59
0.40
3.15
5.90
8.70
10.67
12.39
13.87
13.65
23.39
12.39
7.30
76
0.27
Bookvalue per sh€
0.07
0.07
0.07
0.06
0.07
0.08
0.07
0.08
0.07
0.07
0.19
(1.04%)
(0.24%)
—
0.14
FCF per share€
0.18
0.20
0.21
0.18
0.18
0.18
0.17
0.16
0.16
0.16
0.24
(2.30%)
(1.42%)
—
0.19
Dividend per sh€
0.20
0.21
0.20
0.21
0.21
0.22
0.24
0.27
0.26
0.29
0.16
6.81%
3.65%
—
15.16
Div yield (avg)%
15.42
17.52
19.98
19.82
19.09
18.85
18.62
19.98
19.88
19.87
4.93
19.87
19.45
94
11.93
Payout ratio%
11.33
11.03
9.76
9.83
8.26
11.07
10.66
12.51
12.64
11.74
23.00
11.74
11.05
88
3.284
Shares (diluted)M
3.368
3.740
3.772
4.221
4.792
4.670
4.559
4.481
4.649
4.592
3.135
(0.85%)
3.76%
55
22.40
Buyback yield%
17.40
18.59
20.91
18.66
16.79
18.99
16.04
15.69
16.33
15.06
21.39
16.04
17.09
59
0.883
D/E ratiox
2.056
2.016
1.975
2.063
2.407
2.597
3.041
3.276
3.338
3.922
0.927
3.276
2.502
10
0.903
Enterprise value€M
0.312
0.330
0.334
0.364
0.363
0.376
0.344
0.335
0.335
0.364
1.388
0.10%
1.64%
58
1.149
LT debt€M
0.142
0.158
0.170
0.189
0.215
0.218
0.232
0.232
0.267
0.299
1.311
6.81%
8.16%
42
Revenue
€1.100M
8.78%
1.00×
Cost of revenue
€0.770M
8.78%
1.00×
Operating expenses
€0.174M
8.12%
0.94×
Cash and investments
19.98%
Spread over hurdle
(6.30%)