28.76
Revenue€M
207.6
216.5
224.1
235.9
251.3
268.0
272.9
281.8
294.6
311.0
31.72
4.35%
4.45%
11
9.50
Revenue growth%
24.57
26.56
27.39
29.92
30.00
28.51
31.45
30.57
27.85
29.33
2.00
29.33
28.92
14
22.06
Gross margin%
12.99
10.56
10.17
9.48
7.00
4.09
2.86
0.40
1.97
4.21
19.97
2.86
5.61
30
22.97
Operating margin%
15.29
12.31
14.06
15.28
17.12
19.12
20.73
22.84
23.56
25.41
22.60
22.84
18.12
87
18.04
Net margin%
22.40
24.83
23.37
24.87
24.92
22.30
23.45
21.91
24.86
25.14
15.90
23.45
24.14
86
28.74
P/E ratio (avg)x
12.75
12.20
13.62
15.12
16.27
16.44
17.76
19.63
22.82
25.88
29.32
19.63
16.35
15
28.51
EV/EBITx
20.17
21.28
18.27
18.35
19.75
19.80
19.29
18.61
16.82
15.32
9.668
18.61
18.95
86
10.68
FCF yield (avg)%
7.56
9.05
8.57
11.22
13.25
14.57
17.22
17.12
15.10
16.42
10.20
16.42
13.91
69
11.11
FCF margin%
14.98
17.23
18.82
18.60
20.00
18.31
16.20
17.10
16.35
14.82
9.55
16.35
17.16
12
0.998
FCF / Net incomex
1.140
1.033
0.965
0.957
0.833
0.863
0.763
0.711
0.616
0.537
0.903
0.711
0.848
66
18.16
ROIC%
15.73
18.64
20.22
23.17
20.58
20.15
17.70
16.74
16.52
17.54
17.54
17.54
18.17
43
21.95
Return on equity%
3.15
2.92
1.76
3.51
4.35
4.37
7.28
5.81
5.48
5.71
29.65
5.71
4.36
33
2.64
Return on assets%
19.94
17.13
17.95
19.25
21.06
18.83
20.01
17.68
19.77
21.67
10.20
19.77
19.51
10
1.79
EPS€
2.07
2.14
2.17
2.51
2.55
2.89
3.37
3.87
4.20
4.83
1.94
13.67%
10.52%
—
11.58
EPS growth%
0.40
0.40
0.40
2.69
4.92
7.76
6.52
5.38
5.60
3.84
8.02
5.60
4.38
48
1.51
Bookvalue per sh€
3.71
4.04
3.86
3.87
4.05
4.22
3.98
3.85
3.53
3.71
5.67
(1.75%)
0.71%
—
1.65
FCF per share€
1.97
2.09
2.02
1.88
1.67
1.69
1.78
1.86
2.09
2.23
4.73
6.01%
2.22%
—
5.58
Dividend per sh€
4.76
4.15
3.87
3.74
3.44
3.26
2.90
2.61
2.33
2.45
5.40
(6.57%)
(6.26%)
—
3.97
Div yield (avg)%
8.24
9.01
6.60
9.05
8.10
6.03
7.06
5.05
6.82
6.47
24.10
6.47
6.94
33
7.30
Payout ratio%
19.80
20.87
22.43
23.71
21.51
19.48
21.07
21.79
23.04
21.32
12.22
21.32
21.41
65
45.72
Shares (diluted)M
76.33
91.91
94.27
96.96
101.8
118.3
133.4
138.5
146.5
154.6
46.09
8.73%
7.88%
75
20.69
Buyback yield%
25.00
24.99
24.73
25.97
28.58
30.04
30.79
27.87
26.78
25.06
23.86
27.87
26.38
95
1.195
D/E ratiox
1.500
1.708
1.641
1.828
2.069
2.052
2.172
2.133
2.061
2.046
0.903
2.061
2.049
30
379.1
Enterprise value€M
72.01
74.15
87.62
95.01
102.5
112.4
134.2
146.1
155.9
188.3
337.1
12.92%
11.52%
87
222.4
LT debt€M
189.6
201.9
218.4
205.0
207.7
209.2
183.8
164.5
143.3
149.9
284.0
(6.31%)
(3.53%)
29
Revenue
€311.0M
4.45%
1.00×
Cost of revenue
€150.2M
4.57%
1.01×
Operating expenses
€62.03M
3.99%
0.96×
Goodwill & intangibles
18.31%
Spread over hurdle
20.27%