226.9
Revenue€M
422.1
451.2
481.6
525.4
561.1
603.0
644.3
688.2
729.0
789.5
243.9
7.07%
7.24%
40
28.57
Revenue growth%
12.63
14.27
13.01
10.87
11.12
14.05
11.63
9.78
10.82
8.64
8.54
10.82
11.38
56
11.66
Gross margin%
14.90
15.80
13.17
10.98
10.11
9.24
9.53
9.37
7.35
7.72
9.90
9.24
9.82
80
10.68
Operating margin%
5.03
3.78
2.46
4.37
4.97
7.52
10.46
9.27
6.98
4.72
2.46
7.52
5.00
20
21.75
Net margin%
33.70
32.20
29.97
31.26
34.17
37.11
37.04
36.10
35.98
35.05
13.53
36.10
34.61
82
23.06
P/E ratio (avg)x
52.86
51.34
49.07
51.11
56.51
60.49
59.38
69.23
78.10
89.68
36.08
69.23
57.94
47
21.33
EV/EBITx
35.40
37.55
44.09
45.55
50.77
57.30
54.62
57.85
66.73
75.61
16.51
57.85
52.69
49
21.72
FCF yield (avg)%
3.19
0.75
0.40
0.76
2.06
4.37
6.04
4.64
5.15
3.60
10.89
4.64
3.39
81
27.49
FCF margin%
16.28
17.94
19.37
22.29
24.72
22.87
22.59
23.32
24.35
23.53
26.80
23.32
22.73
45
1.211
FCF / Net incomex
1.220
1.106
1.138
1.175
1.277
1.191
1.251
1.129
1.007
0.967
1.685
1.129
1.157
63
10.51
ROIC%
23.74
20.81
20.73
21.87
24.15
21.45
22.75
24.36
26.18
24.59
5.43
24.36
23.24
51
9.33
Return on equity%
0.40
0.40
1.90
3.86
1.87
0.40
3.16
2.42
4.99
2.81
14.15
2.81
2.16
80
22.46
Return on assets%
21.98
20.54
18.76
19.66
19.90
19.77
21.41
20.69
20.71
18.66
12.25
20.69
20.22
77
3.81
EPS€
1.02
1.15
1.16
1.42
1.51
1.50
1.52
1.70
1.89
2.20
4.11
7.83%
8.68%
—
7.69
EPS growth%
27.75
30.25
27.50
24.92
26.22
28.73
31.02
30.34
32.46
33.12
9.18
31.02
29.49
75
1.25
Bookvalue per sh€
5.30
5.46
6.20
6.89
7.22
7.01
7.39
7.73
8.74
8.76
3.00
3.94%
6.44%
—
1.86
FCF per share€
3.21
3.32
3.76
3.97
4.59
5.46
5.84
6.16
6.11
6.05
2.98
5.68%
8.28%
—
1.76
Dividend per sh€
2.27
2.35
2.40
2.59
2.51
2.68
3.05
3.19
3.66
3.67
4.62
7.86%
5.61%
—
28.35
Div yield (avg)%
15.91
16.99
15.83
17.93
16.02
14.68
15.51
18.46
17.82
15.23
23.89
15.51
15.96
28
27.64
Payout ratio%
28.99
28.71
26.20
28.64
28.93
28.92
30.90
28.46
25.55
22.74
11.15
28.46
28.68
55
116.5
Shares (diluted)M
152.0
155.3
150.8
156.9
175.7
166.0
186.0
176.8
179.4
205.6
115.1
3.20%
3.18%
11
14.42
Buyback yield%
31.84
29.23
29.99
31.42
29.02
29.38
27.10
28.51
29.92
29.31
23.59
29.31
29.35
56
0.808
D/E ratiox
2.261
2.466
2.813
2.851
3.097
3.612
3.890
3.841
3.681
3.483
0.658
3.681
3.290
26
574.1
Enterprise value€M
232.3
244.6
252.9
261.6
261.9
301.4
310.7
292.5
292.4
289.7
573.2
2.04%
2.78%
37
36.67
LT debt€M
271.8
305.3
288.0
298.2
291.8
286.0
274.3
303.9
274.9
263.7
41.76
(2.00%)
(0.71%)
36
Revenue
€789.5M
7.24%
1.00×
Cost of revenue
€552.6M
7.24%
1.00×
Operating expenses
€174.5M
8.05%
1.08×
Cash and investments
19.05%
Property and equipment
16.08%
Spread over hurdle
(7.02%)