2.147
Revenue€M
1.432
1.522
1.633
1.721
1.866
1.935
2.038
2.182
2.273
2.379
2.361
4.98%
5.79%
29
26.24
Revenue growth%
29.24
32.23
33.21
31.13
29.31
27.89
24.97
26.86
25.72
25.32
6.03
25.72
28.56
76
17.46
Gross margin%
16.46
18.38
15.63
16.99
16.34
14.23
11.71
10.61
8.87
8.06
23.69
10.61
14.93
11
16.66
Operating margin%
19.44
21.78
23.80
25.87
22.97
22.56
19.83
19.32
17.82
19.67
2.85
19.67
20.81
40
6.23
Net margin%
9.49
7.93
6.74
5.98
6.22
3.52
6.01
5.25
7.78
7.70
9.87
6.01
6.48
8
34.81
P/E ratio (avg)x
22.51
23.69
25.65
26.02
25.34
22.95
25.22
22.86
24.06
22.39
12.22
22.95
23.87
30
25.58
EV/EBITx
7.269
8.107
9.219
9.714
9.304
9.628
8.702
8.502
9.304
10.25
13.32
9.304
9.262
21
13.40
FCF yield (avg)%
25.68
26.30
28.26
27.76
27.17
26.57
29.41
28.95
31.05
28.61
29.30
28.95
28.01
78
8.51
FCF margin%
29.68
29.63
28.42
26.79
27.81
30.28
29.02
31.99
32.22
34.30
29.67
31.99
29.65
15
0.142
FCF / Net incomex
1.232
1.288
1.439
1.705
1.788
1.786
1.950
2.167
2.455
2.698
0.531
2.167
1.787
82
11.94
ROIC%
25.92
27.95
30.09
28.64
28.77
31.26
32.88
32.56
32.77
35.47
3.96
32.77
30.67
45
18.07
Return on equity%
19.94
21.70
19.29
20.11
19.19
18.38
17.21
17.64
17.16
14.96
18.68
17.21
18.79
18
6.83
Return on assets%
29.67
29.11
27.43
25.50
26.99
25.58
25.69
28.48
27.57
29.71
13.43
27.57
27.50
15
0.14
EPS€
0.18
0.19
0.19
0.19
0.22
0.24
0.29
0.33
0.39
0.45
0.15
15.65%
11.33%
—
25.96
EPS growth%
4.00
2.94
3.54
6.41
7.13
5.16
6.10
7.61
9.64
8.54
9.27
7.61
6.25
70
0.20
Bookvalue per sh€
0.20
0.21
0.25
0.29
0.30
0.32
0.36
0.42
0.41
0.46
0.18
8.46%
9.19%
—
0.07
FCF per share€
0.25
0.26
0.28
0.28
0.32
0.36
0.36
0.39
0.38
0.39
0.08
4.04%
4.82%
—
0.09
Dividend per sh€
0.34
0.37
0.36
0.38
0.41
0.40
0.46
0.50
0.57
0.64
0.21
9.59%
7.66%
—
28.80
Div yield (avg)%
16.98
16.42
15.36
17.01
17.34
15.55
15.76
18.34
17.05
14.88
5.84
15.76
16.70
67
27.96
Payout ratio%
24.95
27.80
26.04
24.68
24.59
25.37
26.90
28.27
27.89
26.80
18.47
26.90
26.42
74
5.038
Shares (diluted)M
4.534
4.412
4.814
4.455
4.234
4.068
3.888
4.007
4.038
4.430
5.076
0.91%
(1.53%)
42
3.35
Buyback yield%
31.14
29.20
28.53
27.44
26.46
27.38
27.70
25.30
25.02
27.95
13.54
27.38
27.57
35
0.553
D/E ratiox
1.212
1.103
1.158
1.039
1.117
1.040
1.130
0.992
0.965
0.928
0.840
0.992
1.071
34
3.020
Enterprise value€M
1.563
1.423
1.355
1.343
1.356
1.380
1.429
1.329
1.206
1.103
1.881
(4.04%)
(2.19%)
69
0.855
LT debt€M
1.943
1.901
2.280
2.456
2.609
2.627
2.943
3.485
3.847
4.541
1.589
11.72%
9.39%
46
Revenue
€2.379M
5.79%
1.00×
Cost of revenue
€1.597M
5.68%
0.99×
Operating expenses
€0.531M
5.79%
1.00×
Goodwill & intangibles
20.34%
Spread over hurdle
(5.10%)