488.2
Revenue€M
254.5
273.7
288.3
306.2
331.8
359.1
380.0
411.2
428.9
467.3
510.7
7.09%
6.91%
44
29.31
Revenue growth%
0.40
0.40
0.59
0.40
0.40
0.82
2.54
1.88
0.40
0.60
29.66
0.82
0.50
56
24.99
Gross margin%
8.01
10.36
11.96
14.61
14.42
17.31
17.45
20.01
19.27
20.38
15.10
19.27
15.96
13
16.46
Operating margin%
17.21
16.95
19.72
22.43
20.35
19.14
21.62
21.17
20.62
20.10
11.40
20.62
20.23
11
14.57
Net margin%
14.51
14.80
15.26
16.51
14.67
16.71
16.72
14.98
16.17
16.13
14.43
16.17
15.69
80
33.30
P/E ratio (avg)x
29.13
28.44
29.22
30.93
32.44
29.86
33.02
32.94
33.35
34.57
28.40
33.02
31.68
94
25.05
EV/EBITx
7.962
8.145
8.307
8.986
9.539
8.505
8.821
8.988
9.232
7.888
9.957
8.821
8.663
67
21.45
FCF yield (avg)%
1.95
3.59
2.56
2.26
0.40
0.40
3.37
5.65
6.49
8.52
17.09
5.65
2.97
29
28.30
FCF margin%
16.82
16.25
18.52
19.63
19.04
19.62
21.59
18.92
21.49
23.08
23.40
21.49
19.33
92
1.630
FCF / Net incomex
2.897
3.217
3.495
3.275
3.579
3.559
3.950
4.120
4.803
4.621
1.572
4.120
3.569
48
4.80
ROIC%
16.34
15.75
16.42
14.46
16.97
15.67
17.78
15.52
13.45
10.96
5.08
15.52
15.71
36
15.03
Return on equity%
0.40
2.38
1.36
1.64
3.96
4.90
3.61
5.42
7.43
8.62
24.45
5.42
3.78
77
2.11
Return on assets%
8.16
8.93
8.34
10.09
11.66
14.26
15.29
15.00
17.86
18.38
8.17
15.29
12.96
51
1.85
EPS€
3.93
3.67
3.51
3.48
3.78
3.57
3.29
3.04
2.77
3.03
1.99
(4.33%)
(2.60%)
—
26.95
EPS growth%
23.30
25.73
23.52
22.27
24.36
23.52
21.15
22.87
23.33
21.97
7.87
22.87
23.31
30
2.32
Bookvalue per sh€
2.48
2.64
2.53
2.37
2.50
2.35
2.44
2.19
2.21
2.12
1.12
(3.19%)
(2.22%)
—
0.65
FCF per share€
1.66
1.75
2.05
2.22
2.36
2.63
2.72
3.08
3.05
3.13
2.98
5.84%
8.26%
—
3.37
Dividend per sh€
4.64
5.14
5.49
6.59
7.32
8.51
10.20
12.19
14.52
15.50
1.26
16.19%
14.81%
—
12.26
Div yield (avg)%
10.29
9.91
12.63
12.21
15.18
12.80
10.98
11.01
9.61
6.84
6.17
10.98
11.00
24
24.98
Payout ratio%
7.96
10.56
9.01
6.07
4.28
4.76
4.30
1.38
3.23
2.25
27.33
3.23
4.53
43
100.4
Shares (diluted)M
127.5
120.5
129.8
133.5
143.1
158.9
168.6
175.8
177.1
180.8
101.4
4.78%
3.91%
71
9.85
Buyback yield%
30.91
31.79
30.50
28.48
31.23
33.31
30.81
28.80
26.52
25.48
8.70
28.80
30.65
24
0.275
D/E ratiox
1.721
2.022
2.178
2.376
2.301
2.489
2.934
3.314
3.392
4.005
1.139
3.314
2.433
15
0.077
Enterprise value€B
0.580
0.601
0.720
0.697
0.703
0.759
0.890
1.052
1.152
1.298
0.294
13.06%
8.61%
67
436.9
LT debt€M
341.7
324.4
299.7
275.8
302.4
318.8
316.9
360.8
359.9
331.0
449.8
1.82%
(0.31%)
17
Revenue
€467.3M
6.91%
1.00×
Cost of revenue
€311.1M
7.13%
1.02×
Operating expenses
€110.3M
7.00%
1.01×
Cash and investments
14.91%
Spread over hurdle
(2.31%)