803.3
Revenue€M
543.3
575.1
612.1
651.9
671.7
699.9
729.3
783.1
811.2
850.6
836.7
4.84%
4.97%
49
18.18
Revenue growth%
3.74
4.03
4.82
5.40
4.90
7.36
5.50
4.62
4.74
5.61
3.16
5.50
4.86
16
22.08
Gross margin%
3.97
2.60
0.40
0.40
0.40
1.37
1.80
0.40
2.59
4.81
12.53
1.80
1.58
37
26.58
Operating margin%
5.37
3.87
6.23
5.85
2.91
3.66
3.82
2.63
5.57
5.97
27.86
3.82
4.62
66
13.57
Net margin%
16.14
16.46
16.97
19.34
20.21
18.79
20.58
22.52
24.46
22.40
22.11
22.40
19.77
32
9.977
P/E ratio (avg)x
13.90
12.98
12.22
12.59
13.03
12.36
14.36
16.37
18.95
20.84
32.75
16.37
13.47
31
33.57
EV/EBITx
20.03
22.26
21.77
22.98
23.80
23.28
25.41
24.43
21.67
19.32
18.58
23.28
22.62
62
9.99
FCF yield (avg)%
14.63
16.02
13.43
15.33
16.89
15.73
14.82
17.67
14.72
11.98
16.75
14.82
15.07
44
29.41
FCF margin%
10.47
9.93
11.32
10.16
8.48
10.21
10.34
10.16
10.66
12.43
9.25
10.34
10.28
92
0.637
FCF / Net incomex
2.447
2.450
2.614
2.786
2.843
2.948
3.255
3.387
3.581
4.151
0.909
3.387
2.896
79
9.01
ROIC%
9.32
8.97
11.08
11.02
9.33
10.83
11.73
11.46
9.10
11.28
7.10
11.28
10.92
69
28.73
Return on equity%
13.74
11.52
11.00
9.72
9.35
8.78
9.55
8.40
6.85
4.66
18.75
8.40
9.45
50
15.68
Return on assets%
11.05
10.32
12.31
12.95
15.24
16.05
17.70
15.17
13.14
10.99
6.49
15.17
13.05
25
7.33
EPS€
4.78
5.39
6.15
6.50
6.93
7.39
8.28
9.11
8.62
8.43
7.87
3.99%
5.89%
—
20.09
EPS growth%
16.09
18.86
20.47
20.17
22.17
23.56
25.02
25.07
25.41
28.12
10.36
25.07
22.86
56
4.43
Bookvalue per sh€
7.11
7.40
8.50
9.50
9.19
9.66
9.21
9.62
9.62
11.09
1.62
3.83%
4.88%
—
6.89
FCF per share€
7.86
8.29
8.12
7.78
7.91
7.26
7.88
7.73
8.00
7.48
6.58
(1.13%)
(1.29%)
—
1.19
Dividend per sh€
2.78
2.89
2.64
2.64
2.47
2.63
2.59
2.92
3.29
3.67
7.28
8.31%
3.29%
—
9.52
Div yield (avg)%
0.40
0.87
0.72
0.40
0.40
0.40
0.91
2.83
0.65
0.40
23.67
0.65
0.53
67
8.09
Payout ratio%
22.87
21.99
21.43
22.84
21.10
23.79
24.14
23.72
22.84
23.72
2.53
23.72
22.86
79
133.6
Shares (diluted)M
144.0
163.2
179.5
187.6
208.2
218.0
201.7
209.7
198.1
188.7
130.5
(1.95%)
3.20%
17
29.67
Buyback yield%
5.79
6.64
4.19
2.70
2.43
0.40
0.69
1.03
0.40
0.40
28.83
0.40
1.73
20
1.462
D/E ratiox
1.638
1.696
1.895
2.123
2.405
2.536
2.902
3.431
4.095
4.371
1.583
3.431
2.470
56
782.5
Enterprise value€M
536.1
594.9
672.7
734.6
813.2
733.3
757.1
724.3
707.4
736.1
159.3
(1.97%)
3.98%
35
0.665
LT debt€B
1.023
1.080
1.186
1.214
1.335
1.350
1.305
1.532
1.574
1.706
0.860
5.02%
6.93%
5
Revenue
€850.6M
4.97%
1.00×
Cost of revenue
€452.3M
4.97%
1.00×
Operating expenses
€204.6M
4.80%
0.98×
Spread over hurdle
(0.98%)