2.034
Revenue€M
1.799
1.916
2.064
2.286
2.444
2.607
2.878
3.148
3.496
3.892
2.143
9.75%
8.75%
8
10.26
Revenue growth%
11.04
13.68
11.24
9.53
12.26
12.87
12.77
10.90
9.14
7.46
17.53
10.90
11.14
45
19.06
Gross margin%
14.20
14.02
15.95
18.35
17.47
20.06
22.27
25.00
26.27
26.12
3.44
25.00
19.21
81
10.71
Operating margin%
9.27
7.09
8.76
10.13
7.79
6.61
6.83
6.67
6.03
8.29
8.35
6.67
7.44
66
25.88
Net margin%
21.23
22.29
21.95
19.24
22.02
23.06
22.69
22.82
25.82
23.70
13.75
23.06
22.49
20
14.23
P/E ratio (avg)x
39.21
44.23
45.96
43.16
45.70
49.47
47.44
54.07
52.20
57.79
24.20
52.20
46.70
34
19.79
EV/EBITx
30.71
32.51
33.79
37.42
37.45
36.24
40.43
47.58
46.90
55.11
32.59
46.90
37.44
16
27.14
FCF yield (avg)%
21.77
22.98
24.86
23.36
21.77
23.71
20.74
21.55
24.17
25.71
20.96
23.71
23.17
43
8.45
FCF margin%
14.08
11.83
9.84
7.60
8.79
7.41
8.23
5.91
6.48
8.86
23.81
7.41
8.51
39
1.154
FCF / Net incomex
0.947
0.917
1.015
0.913
0.938
0.974
0.951
0.998
0.917
0.955
0.429
0.955
0.949
60
13.51
ROIC%
24.16
24.84
24.91
25.10
24.46
21.83
23.39
22.93
23.40
21.56
12.00
22.93
23.78
34
18.35
Return on equity%
11.42
9.49
6.69
8.43
8.90
11.61
11.34
13.99
12.75
14.56
24.46
12.75
11.38
35
11.44
Return on assets%
32.34
30.89
31.26
33.05
32.68
33.43
35.84
36.54
34.62
32.51
26.68
34.62
32.87
11
0.19
EPS€
0.27
0.29
0.31
0.33
0.30
0.29
0.31
0.30
0.29
0.31
0.21
1.24%
2.72%
—
16.72
EPS growth%
30.56
33.35
36.21
34.77
32.60
32.55
34.64
32.97
31.18
28.68
3.96
32.55
32.78
46
0.23
Bookvalue per sh€
0.24
0.23
0.22
0.21
0.23
0.20
0.18
0.17
0.16
0.16
0.27
(6.28%)
(2.96%)
—
0.06
FCF per share€
0.28
0.32
0.35
0.38
0.43
0.43
0.46
0.51
0.47
0.52
0.31
3.66%
6.67%
—
0.09
Dividend per sh€
0.38
0.41
0.47
0.48
0.46
0.48
0.51
0.58
0.67
0.65
0.19
7.14%
6.50%
—
14.90
Div yield (avg)%
19.80
22.05
19.61
22.30
24.89
22.36
21.61
21.76
21.65
21.12
12.41
21.65
21.70
48
8.73
Payout ratio%
25.36
24.78
26.81
24.08
23.11
22.75
24.34
24.75
22.39
25.19
3.58
24.34
24.54
23
4.289
Shares (diluted)M
4.387
4.528
4.645
4.504
3.940
4.149
3.713
3.795
4.092
3.805
4.204
(0.70%)
(0.65%)
13
2.27
Buyback yield%
3.62
4.56
4.47
2.69
3.47
4.62
2.28
1.64
4.45
5.36
15.35
4.45
4.03
60
0.419
D/E ratiox
0.958
0.858
0.809
0.765
0.821
0.794
0.785
0.737
0.762
0.706
1.088
0.762
0.789
81
2.279
Enterprise value€M
2.838
3.036
3.134
3.206
3.017
2.961
2.912
2.895
3.047
3.090
1.231
0.48%
0.59%
94
2.806
LT debt€M
0.824
0.855
0.929
0.948
0.825
0.848
0.752
0.825
0.764
0.756
2.473
(1.74%)
(2.18%)
12
Revenue
€3.892M
8.75%
1.00×
Cost of revenue
€1.827M
8.44%
0.97×
Operating expenses
€0.852M
8.92%
1.02×
Spread over hurdle
14.82%