235.3
Revenue€M
218.3
228.0
237.0
241.1
256.4
260.3
274.6
281.7
298.5
317.3
258.7
4.35%
3.99%
51
6.15
Revenue growth%
4.23
2.17
0.61
0.40
0.42
0.40
3.00
3.16
2.07
3.26
2.23
3.00
2.12
15
27.69
Gross margin%
9.44
9.30
9.92
9.59
10.51
13.00
10.07
9.13
8.35
9.60
29.86
9.60
9.60
91
24.59
Operating margin%
12.65
12.68
11.86
10.80
10.21
9.53
11.31
9.36
7.31
10.17
17.34
9.53
10.51
84
14.75
Net margin%
24.66
25.73
25.01
22.68
23.08
26.01
25.96
25.91
24.75
23.87
17.60
25.91
24.88
67
28.10
P/E ratio (avg)x
29.42
33.12
35.62
40.69
43.95
47.65
49.43
50.46
49.10
49.88
31.01
49.43
45.80
12
30.96
EV/EBITx
19.87
21.50
22.92
25.41
26.53
23.48
23.77
21.46
21.40
23.15
25.17
23.15
23.03
61
8.00
FCF yield (avg)%
12.28
13.41
11.21
9.06
7.50
6.47
4.40
2.10
5.08
6.53
26.15
5.08
7.02
73
26.82
FCF margin%
29.16
27.78
29.79
30.69
30.89
32.26
31.92
33.69
31.96
33.35
6.01
32.26
31.41
26
0.850
FCF / Net incomex
1.873
2.078
2.294
2.371
2.472
2.709
2.934
3.257
3.245
3.359
0.679
3.245
2.591
62
22.27
ROIC%
9.28
12.27
11.16
9.74
9.35
9.81
10.52
11.97
9.27
10.98
21.98
10.52
10.16
86
8.51
Return on equity%
8.55
8.08
5.68
8.60
6.90
9.64
12.37
14.10
13.32
12.14
15.00
12.37
9.12
71
29.65
Return on assets%
14.02
14.23
12.17
12.56
14.94
14.29
12.35
14.06
16.26
13.51
17.77
14.06
14.04
33
1.55
EPS€
1.53
1.70
1.74
1.59
1.47
1.64
1.52
1.71
1.64
1.54
1.73
0.94%
0.34%
—
5.63
EPS growth%
13.12
11.12
9.89
8.47
8.35
8.20
7.38
9.00
8.50
9.28
21.50
8.50
8.75
81
0.53
Bookvalue per sh€
1.21
1.04
1.04
1.01
1.05
1.00
0.95
0.86
0.75
0.79
2.69
(5.54%)
(3.91%)
—
1.28
FCF per share€
0.91
0.87
0.88
0.91
0.98
1.10
1.18
1.28
1.49
1.51
0.94
9.00%
5.82%
—
2.72
Dividend per sh€
1.58
1.69
1.52
1.51
1.51
1.34
1.32
1.39
1.26
1.29
1.39
(3.06%)
(2.90%)
—
2.54
Div yield (avg)%
14.36
16.22
14.82
12.02
9.58
11.43
8.68
6.09
7.94
9.27
2.58
8.68
10.50
52
15.31
Payout ratio%
20.04
17.81
20.33
17.50
15.63
18.06
20.80
17.83
17.00
18.93
11.09
18.06
17.94
78
43.25
Shares (diluted)M
50.06
53.45
55.21
56.77
63.67
63.49
60.25
64.98
70.08
68.81
42.89
1.57%
3.03%
86
24.79
Buyback yield%
22.24
21.87
20.27
20.32
18.61
18.72
19.23
20.72
19.75
18.90
26.88
19.23
20.01
27
0.208
D/E ratiox
1.357
1.478
1.402
1.518
1.409
1.283
1.371
1.183
1.271
1.393
0.384
1.283
1.382
6
154.3
Enterprise value€M
266.0
300.6
341.0
366.5
390.9
433.2
495.9
554.4
540.6
541.2
99.92
6.72%
7.07%
26
148.0
LT debt€M
42.74
46.76
56.02
60.61
62.52
62.77
73.43
73.85
85.43
86.48
138.7
6.70%
7.69%
66
Revenue
€317.3M
3.99%
1.00×
Cost of revenue
€188.2M
3.65%
0.97×
Operating expenses
€42.31M
5.35%
1.14×
Cash and investments
19.28%
Spread over hurdle
33.41%