369.8
Revenue€M
365.7
375.8
392.0
413.7
429.1
447.1
474.7
490.1
501.5
529.3
398.4
4.29%
4.48%
86
16.54
Revenue growth%
20.12
17.24
16.40
18.93
20.85
22.65
24.59
24.50
26.94
29.14
5.08
24.59
21.75
15
2.09
Gross margin%
22.02
19.86
18.43
20.47
19.71
19.01
17.84
14.94
16.86
15.92
5.46
16.86
18.72
37
27.87
Operating margin%
20.64
22.20
21.12
19.84
22.38
23.64
22.65
22.93
25.04
25.30
11.53
23.64
22.51
60
18.86
Net margin%
18.48
21.36
19.29
19.40
20.77
19.53
22.47
19.66
20.17
20.96
12.15
20.17
19.91
92
12.82
P/E ratio (avg)x
10.78
11.99
11.65
12.96
13.60
15.75
15.02
15.24
15.56
15.07
30.89
15.24
14.31
86
8.507
EV/EBITx
39.27
46.38
49.62
56.93
65.50
72.41
71.24
74.42
76.40
88.19
13.39
74.42
68.37
51
14.00
FCF yield (avg)%
22.21
20.51
19.52
18.68
16.24
18.52
18.50
16.21
16.79
18.00
20.87
18.00
18.51
59
20.67
FCF margin%
15.43
15.17
12.96
13.25
13.48
15.65
15.97
17.25
15.22
13.81
17.29
15.65
15.19
40
1.422
FCF / Net incomex
1.566
1.507
1.527
1.582
1.424
1.226
1.153
1.091
1.159
1.238
0.931
1.159
1.331
40
9.25
ROIC%
17.95
20.41
21.59
21.74
22.78
21.35
21.13
21.42
22.92
24.83
7.58
21.42
21.50
51
8.92
Return on equity%
16.19
14.17
12.33
12.40
14.83
17.48
18.40
21.37
23.54
21.56
26.37
21.37
16.83
74
2.22
Return on assets%
19.13
21.80
18.89
21.00
20.05
22.53
21.09
23.68
26.48
28.69
9.18
23.68
21.44
38
0.57
EPS€
1.50
1.34
1.23
1.31
1.19
1.21
1.20
1.30
1.33
1.27
0.61
1.26%
(0.75%)
—
5.37
EPS growth%
32.40
30.11
30.30
32.30
34.24
32.48
33.72
36.27
34.95
36.95
25.87
34.95
33.10
28
0.69
Bookvalue per sh€
0.37
0.35
0.33
0.30
0.30
0.30
0.30
0.27
0.27
0.25
0.27
(3.03%)
(4.10%)
—
0.36
FCF per share€
1.75
1.80
1.87
1.85
1.95
2.21
2.50
2.66
2.56
2.72
0.35
6.87%
3.98%
—
0.94
Dividend per sh€
0.67
0.65
0.59
0.60
0.66
0.58
0.58
0.54
0.58
0.55
1.05
(3.59%)
(1.74%)
—
27.56
Div yield (avg)%
24.57
26.09
27.48
29.65
30.93
33.45
35.55
33.80
36.56
38.02
17.21
35.55
32.19
24
17.87
Payout ratio%
15.00
14.35
13.32
11.55
11.22
13.31
10.55
13.33
10.36
9.81
23.90
10.55
12.43
26
148.7
Shares (diluted)M
166.7
184.2
186.1
193.1
221.6
238.3
223.0
240.9
245.1
279.7
151.8
4.77%
6.43%
51
26.17
Buyback yield%
2.01
0.40
0.40
2.34
3.00
2.59
1.56
0.49
0.40
3.36
8.12
1.56
1.79
32
0.845
D/E ratiox
1.256
1.283
1.444
1.486
1.681
1.950
2.001
2.354
2.450
2.435
0.724
2.354
1.816
76
346.9
Enterprise value€M
442.1
509.2
522.3
542.0
549.8
548.9
524.1
540.3
630.4
728.8
397.8
5.80%
6.35%
24
29.98
LT debt€M
248.4
229.7
237.0
234.4
211.3
235.1
209.1
209.7
233.0
231.9
311.8
1.88%
(1.81%)
93
Revenue
€529.3M
4.48%
1.00×
Cost of revenue
€356.7M
4.71%
1.02×
Operating expenses
€76.22M
3.81%
0.94×
Property and equipment
17.97%
Cash and investments
14.98%
Spread over hurdle
10.67%