289.3
Revenue€M
212.2
228.1
247.8
260.2
273.9
298.6
320.1
346.2
363.0
378.2
314.3
6.67%
6.66%
22
23.38
Revenue growth%
6.17
8.26
8.24
11.10
13.20
14.02
15.57
16.14
13.21
15.53
18.46
15.53
13.20
92
26.32
Gross margin%
20.03
20.91
21.15
19.52
20.28
20.19
19.31
19.49
20.75
18.77
14.82
19.49
20.11
22
29.37
Operating margin%
6.35
5.85
4.47
7.30
4.39
6.13
4.65
3.41
5.65
4.78
29.97
4.78
5.21
41
14.23
Net margin%
5.33
5.46
5.83
4.96
3.09
2.49
0.61
0.40
0.40
0.40
12.93
0.40
2.79
14
6.123
P/E ratio (avg)x
46.99
55.41
62.65
73.61
75.12
84.89
86.79
101.0
116.9
115.2
33.68
101.0
80.01
23
27.38
EV/EBITx
57.13
54.78
58.18
63.43
67.73
64.26
62.31
66.41
66.97
66.33
24.42
66.33
63.84
54
2.40
FCF yield (avg)%
30.11
30.81
28.60
31.38
29.15
26.47
29.32
27.84
28.34
29.50
2.78
28.34
29.23
92
15.83
FCF margin%
17.17
18.50
17.10
15.46
15.46
16.54
14.32
16.26
19.11
18.47
19.14
16.54
16.82
24
1.253
FCF / Net incomex
0.289
0.292
0.332
0.319
0.345
0.331
0.348
0.378
0.411
0.476
1.191
0.378
0.338
81
7.34
ROIC%
31.09
31.35
28.36
25.72
26.78
26.84
24.18
25.37
23.35
22.23
12.16
24.18
26.25
51
8.32
Return on equity%
29.41
29.12
30.10
28.44
28.77
26.55
27.57
26.54
26.81
25.65
28.46
26.55
28.01
87
22.06
Return on assets%
17.18
18.07
15.79
17.75
19.46
18.24
17.15
17.35
17.99
15.05
22.61
17.35
17.55
51
0.85
EPS€
0.62
0.57
0.56
0.61
0.63
0.69
0.78
0.78
0.74
0.68
0.90
1.59%
0.93%
—
20.59
EPS growth%
26.52
25.90
26.50
23.75
22.37
23.96
26.29
26.52
25.80
27.21
11.05
26.29
26.10
60
1.29
Bookvalue per sh€
1.49
1.56
1.76
1.93
2.24
2.54
2.79
3.29
3.62
3.75
1.11
10.91%
10.82%
—
0.20
FCF per share€
0.37
0.39
0.39
0.37
0.39
0.37
0.38
0.41
0.38
0.33
0.49
(3.27%)
(2.26%)
—
0.41
Dividend per sh€
0.52
0.58
0.64
0.68
0.75
0.68
0.66
0.61
0.62
0.58
0.22
(5.04%)
0.74%
—
9.70
Div yield (avg)%
5.45
5.98
4.16
2.10
0.61
0.40
0.40
3.19
3.44
2.71
3.69
2.71
2.95
14
18.67
Payout ratio%
11.48
13.91
11.01
11.73
14.19
12.86
12.88
13.36
11.16
11.40
13.57
12.86
12.30
86
317.0
Shares (diluted)M
439.2
462.3
517.5
585.3
573.4
652.5
727.3
705.8
659.8
701.0
326.5
4.10%
5.42%
93
26.81
Buyback yield%
18.10
15.21
16.60
14.01
12.79
15.04
16.06
16.05
16.73
17.26
10.37
16.06
16.05
19
0.573
D/E ratiox
1.633
1.771
1.979
2.005
2.302
2.550
2.811
2.747
2.717
2.852
1.252
2.747
2.426
73
51.82
Enterprise value€M
286.1
308.8
330.7
326.9
285.2
282.5
245.9
259.4
270.2
289.5
268.4
0.30%
0.37%
23
263.2
LT debt€M
20.13
18.50
18.65
19.11
20.44
18.83
19.78
19.25
20.35
19.54
224.4
(0.89%)
0.70%
48
Revenue
€378.2M
6.66%
1.00×
Cost of revenue
€264.7M
6.66%
1.00×
Operating expenses
€66.13M
5.98%
0.94×
Goodwill & intangibles
20.10%
Property and equipment
17.21%
Spread over hurdle
(2.47%)