178.7
Revenue€M
115.3
123.9
131.2
142.9
154.3
162.8
171.3
183.7
201.8
221.4
183.3
7.49%
7.31%
8
9.78
Revenue growth%
4.23
6.12
7.19
4.36
4.68
6.30
3.98
4.28
3.08
5.57
7.26
4.28
4.52
64
26.30
Gross margin%
26.20
28.04
29.86
30.18
28.27
30.48
31.58
32.76
31.03
28.69
3.61
31.03
30.02
12
26.98
Operating margin%
25.60
23.32
25.88
23.29
22.33
19.58
19.59
21.93
21.23
23.16
15.39
21.23
22.75
66
13.26
Net margin%
14.08
14.66
14.49
11.83
9.73
9.25
12.14
13.03
12.85
12.37
23.64
12.37
12.61
50
29.37
P/E ratio (avg)x
18.22
17.01
18.97
18.62
19.01
21.06
22.31
20.34
18.43
16.53
30.36
20.34
18.79
41
12.49
EV/EBITx
9.305
10.44
10.73
11.72
13.42
13.07
12.50
14.14
13.67
13.44
31.84
13.44
12.78
73
2.80
FCF yield (avg)%
25.10
24.59
26.58
27.46
29.56
32.02
33.66
36.13
33.52
32.66
14.61
33.52
30.79
51
29.74
FCF margin%
19.00
18.88
18.18
21.00
23.54
21.55
22.46
22.61
21.71
18.99
28.83
21.71
21.28
29
1.656
FCF / Net incomex
0.963
1.023
1.138
1.173
1.138
1.084
1.126
1.113
1.072
1.180
0.732
1.113
1.119
54
14.43
ROIC%
2.41
0.92
0.40
2.90
4.99
3.50
0.69
0.40
0.40
0.40
6.00
0.40
0.81
39
17.86
Return on equity%
18.16
17.21
17.30
18.96
16.45
19.42
20.42
19.35
19.77
18.38
29.34
19.42
18.67
89
24.52
Return on assets%
21.11
23.65
22.96
24.87
24.50
26.47
28.82
31.08
30.44
29.04
9.28
29.04
25.67
89
0.82
EPS€
1.23
1.15
1.15
1.04
0.99
0.85
0.87
0.77
0.66
0.58
0.85
(10.10%)
(7.85%)
—
13.54
EPS growth%
2.24
4.91
2.10
2.34
4.64
6.90
7.61
9.27
12.12
14.29
29.93
9.27
5.91
29
1.33
Bookvalue per sh€
0.92
0.78
0.73
0.78
0.77
0.70
0.61
0.63
0.65
0.56
1.19
(6.38%)
(5.36%)
—
1.30
FCF per share€
1.42
1.61
1.73
1.75
1.87
1.93
1.86
1.98
2.26
2.13
0.39
2.63%
4.46%
—
0.82
Dividend per sh€
1.17
1.13
1.00
0.87
0.93
0.80
0.83
0.71
0.72
0.65
0.49
(6.97%)
(5.31%)
—
18.24
Div yield (avg)%
13.62
12.44
9.92
7.40
5.52
5.94
6.79
9.61
9.45
9.51
16.87
9.45
9.48
90
25.22
Payout ratio%
23.56
22.12
24.04
24.72
25.59
27.85
28.86
26.57
27.86
29.12
28.37
27.86
26.08
24
97.86
Shares (diluted)M
158.0
179.5
177.5
200.8
230.2
217.5
225.3
238.4
272.5
297.5
99.51
5.26%
7.86%
81
4.55
Buyback yield%
34.64
35.75
36.62
35.67
37.87
35.84
36.66
37.43
39.09
41.01
5.68
37.43
36.64
8
1.477
D/E ratiox
1.572
1.515
1.586
1.579
1.627
1.804
1.867
1.763
1.968
2.045
1.017
1.867
1.695
31
176.2
Enterprise value€M
67.36
59.48
55.82
59.34
60.27
62.42
55.57
56.15
53.06
56.62
64.59
(1.24%)
(1.04%)
51
132.7
LT debt€M
77.64
82.25
79.95
84.73
97.49
108.0
111.1
114.2
114.1
119.9
212.0
4.22%
4.99%
13
Revenue
€221.4M
7.31%
1.00×
Cost of revenue
€150.2M
7.33%
1.00×
Operating expenses
€35.76M
7.62%
1.03×
Spread over hurdle
(1.52%)