83.01
Revenue€M
121.9
127.9
134.8
143.7
154.5
165.1
174.6
183.5
191.0
206.0
87.87
5.92%
6.13%
55
4.08
Revenue growth%
23.72
23.26
24.75
23.32
23.90
25.99
25.57
26.84
26.20
28.33
29.46
26.20
25.16
69
10.13
Gross margin%
10.29
12.03
9.09
11.93
12.54
9.66
10.87
9.79
9.05
7.26
26.68
9.66
10.04
18
17.92
Operating margin%
24.63
24.39
22.42
23.89
26.83
24.33
26.00
25.42
25.47
22.58
6.64
25.42
24.51
44
3.41
Net margin%
29.46
29.64
31.56
31.80
32.75
35.72
34.24
35.55
35.72
37.64
22.76
35.72
33.50
58
17.26
P/E ratio (avg)x
27.86
27.98
28.88
30.65
31.76
31.85
31.91
31.11
36.35
41.81
24.78
31.91
31.43
83
21.79
EV/EBITx
37.00
39.02
39.29
42.53
43.70
48.41
51.98
52.81
49.42
52.04
24.36
51.98
46.06
75
20.30
FCF yield (avg)%
24.43
25.49
27.54
26.75
29.02
31.76
29.96
28.71
27.62
28.95
22.11
28.95
28.17
38
20.49
FCF margin%
12.40
14.89
17.43
15.07
16.32
14.59
12.45
12.98
10.71
12.11
3.74
12.45
13.78
26
0.406
FCF / Net incomex
0.797
0.822
0.941
1.101
1.066
1.226
1.386
1.542
1.775
1.962
1.348
1.542
1.164
92
2.55
ROIC%
16.64
14.88
16.31
13.82
12.92
14.48
13.74
13.20
15.03
15.91
16.70
14.48
14.68
46
8.84
Return on equity%
1.62
1.74
3.71
5.83
3.72
3.95
2.20
0.40
0.40
1.87
9.10
1.87
2.04
31
27.40
Return on assets%
24.03
22.42
25.18
24.60
22.44
19.99
18.02
19.38
17.39
17.56
16.15
18.02
21.20
49
1.03
EPS€
1.35
1.36
1.31
1.53
1.67
1.56
1.54
1.64
1.71
1.71
1.13
0.51%
2.78%
—
11.90
EPS growth%
6.10
8.41
7.37
9.44
8.89
8.59
5.77
6.12
6.25
8.31
10.83
6.25
7.84
21
0.71
Bookvalue per sh€
1.07
0.98
0.92
0.97
0.95
1.05
1.14
1.15
1.24
1.25
0.37
5.71%
1.87%
—
1.21
FCF per share€
1.12
1.32
1.40
1.51
1.61
1.81
2.15
2.45
2.89
3.36
0.59
15.79%
13.13%
—
0.91
Dividend per sh€
0.46
0.50
0.50
0.58
0.67
0.77
0.87
0.90
1.05
1.07
0.34
9.99%
9.85%
—
25.39
Div yield (avg)%
28.19
28.83
31.14
29.16
29.04
31.06
29.25
28.34
28.20
27.61
2.51
28.34
28.93
55
11.25
Payout ratio%
27.30
26.93
29.60
28.84
27.31
25.15
24.76
23.52
24.50
25.24
12.45
24.76
26.09
83
44.02
Shares (diluted)M
80.36
78.62
76.17
72.06
77.35
73.54
76.72
73.23
80.23
85.83
45.68
2.10%
1.23%
82
25.36
Buyback yield%
7.85
10.81
13.59
13.58
15.19
17.06
16.21
15.05
12.43
11.97
12.64
15.05
13.58
47
0.771
D/E ratiox
1.450
1.473
1.354
1.252
1.107
1.073
1.044
0.928
0.948
0.913
0.445
0.948
1.090
36
150.7
Enterprise value€M
220.8
259.4
292.9
288.1
306.7
299.8
333.4
341.5
348.7
382.6
34.11
4.52%
6.63%
19
135.2
LT debt€M
100.8
102.6
107.6
111.8
117.0
126.7
111.5
96.75
85.12
90.16
131.9
(5.08%)
(1.39%)
37
Revenue
€206.0M
6.13%
1.00×
Cost of revenue
€144.2M
6.13%
1.00×
Operating expenses
€39.48M
5.90%
0.98×
Cash and investments
15.36%
Goodwill & intangibles
14.87%
Spread over hurdle
(0.04%)