577.5
Revenue€M
538.3
563.3
591.5
596.8
608.0
622.8
645.8
661.7
665.8
697.0
600.7
2.77%
3.15%
84
5.89
Revenue growth%
24.17
24.12
25.09
27.04
24.61
26.47
28.42
29.01
27.51
28.88
2.32
28.42
26.75
71
6.43
Gross margin%
24.89
27.25
27.38
28.23
25.38
25.19
22.76
19.86
20.81
23.16
10.07
22.76
25.04
9
19.66
Operating margin%
24.91
22.08
22.74
22.24
20.14
17.44
19.11
17.04
19.21
17.05
15.37
17.44
19.68
64
7.71
Net margin%
15.04
12.51
11.35
10.19
8.61
7.07
8.03
6.66
8.27
10.73
24.59
8.03
9.40
11
11.30
P/E ratio (avg)x
38.76
41.59
36.88
33.45
29.98
26.66
27.03
24.53
26.56
24.96
22.73
26.56
28.51
73
22.40
EV/EBITx
12.39
11.88
11.92
13.11
12.60
13.42
11.91
10.59
10.53
9.511
21.86
10.59
11.91
61
25.55
FCF yield (avg)%
14.17
12.77
14.61
12.48
12.45
10.47
10.53
8.12
7.02
4.84
2.30
8.12
11.49
92
2.61
FCF margin%
29.59
27.09
24.74
27.04
27.78
26.73
25.90
28.06
29.97
28.04
23.51
28.04
27.44
75
1.286
FCF / Net incomex
1.794
1.980
1.864
1.894
1.833
1.710
1.693
1.860
1.948
1.995
0.564
1.860
1.862
73
25.18
ROIC%
11.12
10.35
8.43
8.63
8.20
6.66
5.51
5.89
7.45
9.18
5.50
6.66
8.31
86
28.32
Return on equity%
11.83
9.52
7.76
8.02
7.38
6.27
3.92
5.14
6.70
8.12
27.43
6.27
7.57
18
2.70
Return on assets%
20.46
21.05
21.57
22.57
25.33
28.14
25.35
26.48
24.33
23.03
10.91
25.35
23.68
58
1.13
EPS€
3.45
3.81
4.11
4.85
4.79
5.33
6.32
7.06
7.52
8.62
1.20
12.49%
11.14%
—
16.43
EPS growth%
0.40
0.40
0.40
0.88
0.92
1.18
3.19
2.08
0.99
3.85
13.40
2.08
0.95
18
1.38
Bookvalue per sh€
1.65
1.61
1.64
1.47
1.59
1.66
1.47
1.34
1.30
1.39
1.15
(2.64%)
(1.39%)
—
1.05
FCF per share€
3.30
3.38
3.68
3.80
3.88
3.87
3.97
3.70
3.70
3.90
2.45
0.10%
2.69%
—
1.53
Dividend per sh€
0.48
0.42
0.40
0.42
0.37
0.40
0.38
0.38
0.39
0.36
1.50
(0.64%)
(3.81%)
—
19.06
Div yield (avg)%
12.40
12.34
9.36
11.97
9.52
11.92
9.68
8.53
6.29
8.39
13.94
8.53
9.60
68
21.49
Payout ratio%
7.57
5.93
6.19
5.69
3.00
1.65
2.87
0.40
0.40
2.45
5.03
1.65
2.94
39
101.7
Shares (diluted)M
148.7
151.6
164.8
178.5
189.3
177.2
197.9
212.9
207.6
215.0
104.1
2.58%
4.31%
45
23.48
Buyback yield%
7.83
6.47
6.24
7.92
8.16
9.00
10.35
13.25
11.36
12.17
8.90
11.36
8.58
68
1.412
D/E ratiox
1.300
1.404
1.543
1.447
1.685
1.640
1.590
1.651
1.550
1.564
1.531
1.590
1.557
18
380.2
Enterprise value€M
557.4
583.3
623.0
667.2
636.9
664.2
680.2
626.1
592.0
555.3
179.5
(2.71%)
(1.45%)
89
348.4
LT debt€M
438.6
437.6
426.8
435.0
450.9
454.8
461.1
462.2
482.4
518.8
99.64
2.85%
1.32%
73
Revenue
€697.0M
3.15%
1.00×
Cost of revenue
€487.9M
3.15%
1.00×
Operating expenses
€137.2M
3.08%
0.99×
Goodwill & intangibles
17.20%
Spread over hurdle
(5.99%)