71.88
Revenue€M
510.5
528.2
553.5
576.0
612.5
637.7
658.6
694.4
745.3
799.1
76.33
5.46%
5.21%
29
14.85
Revenue growth%
20.42
21.00
19.42
18.12
19.98
21.15
22.83
20.59
19.85
17.32
27.42
20.59
20.20
86
27.06
Gross margin%
15.48
13.57
12.84
14.61
12.18
12.73
10.37
11.14
11.49
12.18
10.98
11.49
12.45
30
5.02
Operating margin%
12.42
11.56
14.13
15.90
13.45
14.38
12.72
11.88
10.28
11.23
17.97
11.88
12.57
20
3.08
Net margin%
22.69
23.80
24.72
27.04
28.19
25.59
28.25
27.67
26.74
24.49
5.61
26.74
26.16
30
23.79
P/E ratio (avg)x
17.82
19.71
22.90
25.40
24.81
28.09
30.12
29.93
35.35
42.29
19.44
30.12
26.75
72
10.52
EV/EBITx
8.898
9.311
9.842
10.19
9.819
9.303
8.634
9.642
9.398
10.05
33.70
9.398
9.520
93
13.80
FCF yield (avg)%
6.22
4.62
1.97
0.82
0.55
0.40
2.45
3.17
3.25
2.22
27.33
2.45
2.34
15
10.68
FCF margin%
25.03
24.59
25.31
27.32
27.15
26.49
25.19
27.66
27.91
26.81
4.56
26.81
26.65
13
0.461
FCF / Net incomex
0.086
0.078
0.082
0.088
0.085
0.073
0.065
0.057
0.061
0.059
1.189
0.061
0.075
94
7.68
ROIC%
28.41
26.90
29.49
29.17
27.89
27.97
30.70
28.48
26.94
29.84
13.38
28.48
28.44
62
13.65
Return on equity%
27.41
27.75
28.97
29.71
30.70
29.84
29.34
29.70
29.61
26.65
11.77
29.61
29.48
13
2.84
Return on assets%
27.07
25.72
27.62
28.02
30.69
28.58
30.62
30.40
32.19
32.99
3.43
30.62
29.49
47
6.41
EPS€
3.17
3.43
3.71
4.45
5.00
5.68
6.30
6.67
7.76
7.56
6.60
8.63%
8.98%
—
12.85
EPS growth%
7.59
8.05
8.92
6.06
8.90
6.18
7.88
5.88
5.11
4.49
15.06
5.88
6.89
34
5.38
Bookvalue per sh€
9.13
9.26
9.48
10.97
11.09
10.50
11.00
11.69
13.77
13.64
2.35
4.22%
5.21%
—
3.60
FCF per share€
3.47
3.87
4.39
5.12
4.89
5.49
6.27
6.07
6.23
6.33
2.97
5.29%
6.29%
—
5.41
Dividend per sh€
6.78
7.56
8.66
9.17
10.09
11.67
10.77
11.71
12.11
13.30
6.37
5.66%
7.13%
—
13.43
Div yield (avg)%
27.82
29.59
32.45
35.02
33.55
33.26
32.15
34.47
34.17
36.73
14.09
34.17
33.41
38
11.24
Payout ratio%
12.59
9.76
9.50
11.90
9.87
12.30
15.07
13.93
11.58
14.38
19.38
13.93
12.10
43
40.19
Shares (diluted)M
43.99
46.37
47.91
41.56
41.65
37.19
40.38
40.89
43.38
42.71
41.16
0.50%
0.18%
57
17.90
Buyback yield%
16.25
16.44
18.68
15.83
18.74
17.41
15.44
13.54
12.59
11.84
26.30
13.54
16.04
12
0.364
D/E ratiox
1.388
1.359
1.500
1.728
1.943
1.833
1.996
2.059
2.274
2.326
1.666
2.059
1.888
79
460.9
Enterprise value€M
243.9
251.0
232.6
218.9
221.3
201.8
188.5
193.5
195.0
185.1
546.4
(3.51%)
(3.76%)
6
0.079
LT debt€B
0.455
0.539
0.612
0.600
0.683
0.705
0.816
0.837
0.961
1.005
0.465
8.03%
8.78%
54
Revenue
€799.1M
5.21%
1.00×
Cost of revenue
€559.4M
5.21%
1.00×
Operating expenses
€79.62M
4.16%
0.91×
Cash and investments
16.81%
Spread over hurdle
(0.57%)