243.0
Revenue€M
289.8
301.3
326.5
341.8
355.4
381.8
412.8
429.2
456.7
478.0
253.7
6.11%
5.54%
66
6.70
Revenue growth%
17.81
15.18
15.94
14.68
16.57
16.83
18.00
20.51
23.07
22.75
5.85
20.51
17.32
84
14.72
Gross margin%
33.50
34.39
33.19
30.64
31.13
30.20
27.62
27.01
26.53
27.95
22.73
27.62
30.42
55
18.30
Operating margin%
14.74
14.91
12.83
11.18
11.09
11.54
13.58
16.23
15.09
14.44
21.19
14.44
14.01
36
18.21
Net margin%
25.10
23.75
26.03
27.80
28.43
29.10
30.42
28.80
28.09
29.56
15.38
29.10
28.26
13
27.32
P/E ratio (avg)x
35.47
36.06
34.28
29.71
29.34
27.41
27.26
26.01
23.39
20.28
21.41
26.01
28.37
6
21.43
EV/EBITx
18.99
20.49
18.18
16.27
15.50
14.08
14.44
14.52
15.38
15.67
11.96
14.52
15.58
72
3.55
FCF yield (avg)%
20.01
22.24
24.40
26.48
28.75
27.76
27.52
26.84
29.21
31.91
17.39
27.76
27.18
70
26.39
FCF margin%
15.78
18.70
20.97
18.52
16.12
15.61
15.59
15.45
15.64
14.30
26.30
15.59
15.71
87
1.003
FCF / Net incomex
0.875
1.063
1.282
1.522
1.743
1.719
1.939
2.011
2.089
2.159
1.441
2.011
1.731
43
26.33
ROIC%
2.22
0.92
0.40
0.40
1.17
2.98
3.56
1.09
2.45
3.02
15.19
2.98
1.69
58
16.37
Return on equity%
23.76
20.83
21.14
23.25
21.25
18.63
21.22
23.53
23.23
20.65
8.78
21.22
21.23
57
26.92
Return on assets%
28.51
26.73
25.46
25.92
27.98
28.52
27.66
27.97
30.17
30.53
14.66
28.52
27.97
75
4.66
EPS€
9.52
8.36
8.03
7.94
7.66
7.48
7.63
8.14
8.56
9.24
4.87
3.82%
(0.16%)
—
18.06
EPS growth%
15.94
15.96
13.99
14.53
15.57
18.35
17.49
15.26
17.86
18.96
20.92
17.86
15.95
17
9.16
Bookvalue per sh€
4.17
4.09
4.45
4.52
4.06
4.11
4.27
3.75
4.03
4.40
9.57
1.64%
(0.84%)
—
1.88
FCF per share€
12.64
15.15
18.07
21.49
22.00
22.80
27.16
29.87
33.12
37.90
7.77
11.49%
11.88%
—
4.75
Dividend per sh€
2.00
2.04
1.89
1.70
1.56
1.61
1.63
1.47
1.50
1.66
7.64
1.34%
(1.29%)
—
8.40
Div yield (avg)%
20.22
17.39
18.83
18.82
19.42
16.79
15.68
16.74
17.94
15.34
16.26
16.74
17.67
33
2.71
Payout ratio%
12.16
12.11
12.65
12.35
15.10
12.29
11.69
11.26
13.88
13.87
16.49
12.29
12.32
88
19.23
Shares (diluted)M
14.05
13.53
12.22
11.55
10.67
9.493
8.915
9.307
8.868
8.290
19.18
(4.92%)
(5.10%)
79
12.15
Buyback yield%
15.55
14.43
12.25
11.03
9.39
9.77
11.18
10.49
11.49
13.72
15.93
11.18
11.33
83
1.195
D/E ratiox
1.395
1.449
1.397
1.304
1.315
1.225
1.174
1.241
1.088
0.989
1.142
1.174
1.272
37
91.59
Enterprise value€M
339.6
353.8
388.9
428.6
416.3
383.0
367.3
376.6
384.5
419.4
190.4
0.15%
1.29%
88
346.2
LT debt€M
298.7
317.8
364.6
363.4
361.5
391.8
460.8
558.9
576.7
692.7
52.84
13.89%
8.83%
69
Revenue
€478.0M
5.54%
1.00×
Cost of revenue
€216.5M
5.56%
1.00×
Operating expenses
€100.8M
5.31%
0.98×
Spread over hurdle
45.68%