2.811
Revenue€M
2.435
2.527
2.704
2.907
3.110
3.274
3.414
3.609
3.865
4.104
3.017
5.70%
6.02%
77
28.16
Revenue growth%
0.46
2.10
2.31
0.40
0.40
0.40
0.40
0.40
0.82
1.45
23.07
0.40
0.43
14
3.44
Gross margin%
19.23
19.02
19.62
21.14
20.04
21.52
22.18
21.14
18.43
15.50
17.38
21.14
19.83
78
22.10
Operating margin%
29.06
27.98
29.68
31.59
31.98
31.09
30.98
29.71
31.39
28.86
25.14
30.98
30.35
70
20.66
Net margin%
12.54
12.07
12.49
13.82
11.61
8.92
9.86
8.64
8.55
8.38
4.70
8.64
10.74
82
13.23
P/E ratio (avg)x
15.10
12.88
13.37
12.54
13.26
11.79
12.56
10.87
9.632
9.035
32.15
10.87
12.55
27
32.11
EV/EBITx
19.83
19.38
18.77
19.58
19.72
20.63
18.71
19.13
18.93
21.30
27.70
19.13
19.48
21
3.96
FCF yield (avg)%
25.49
24.26
25.73
26.10
25.75
24.25
23.16
21.57
21.89
24.08
11.66
23.16
24.25
51
23.24
FCF margin%
14.76
14.13
15.77
17.24
14.92
11.98
14.71
13.98
14.16
17.15
16.37
14.16
14.73
62
0.739
FCF / Net incomex
0.146
0.137
0.147
0.133
0.149
0.164
0.158
0.154
0.153
0.157
0.612
0.157
0.151
81
20.32
ROIC%
24.49
25.19
26.37
24.76
25.03
24.53
24.79
26.02
23.98
22.82
3.82
24.53
24.78
16
9.65
Return on equity%
27.74
25.76
24.50
25.67
28.25
27.74
26.64
26.06
28.00
30.67
23.13
27.74
27.19
28
4.37
Return on assets%
28.26
30.20
30.59
30.90
31.47
33.35
35.61
36.37
36.32
37.64
19.38
36.32
32.41
85
0.10
EPS€
0.07
0.08
0.09
0.11
0.12
0.12
0.12
0.12
0.13
0.13
0.11
2.78%
6.30%
—
27.53
EPS growth%
19.23
17.26
15.73
17.18
19.76
20.96
20.09
19.07
20.66
23.16
5.36
20.66
19.50
26
0.07
Bookvalue per sh€
0.21
0.19
0.19
0.18
0.19
0.18
0.20
0.17
0.16
0.14
0.24
(5.85%)
(4.62%)
—
0.26
FCF per share€
0.24
0.27
0.28
0.26
0.26
0.27
0.29
0.31
0.33
0.39
0.27
7.96%
4.33%
—
0.07
Dividend per sh€
0.24
0.24
0.23
0.21
0.19
0.19
0.18
0.16
0.16
0.17
0.33
(2.22%)
(4.53%)
—
15.19
Div yield (avg)%
33.98
33.21
31.16
28.20
28.65
26.25
23.62
22.44
20.44
19.42
12.21
22.44
27.22
32
15.19
Payout ratio%
33.03
34.15
36.03
36.40
35.70
37.26
36.94
36.75
37.77
39.34
5.11
37.26
36.57
29
5.905
Shares (diluted)M
8.312
9.693
10.47
11.25
12.04
13.49
12.91
13.41
13.63
13.84
6.042
2.82%
6.87%
10
28.26
Buyback yield%
18.84
20.53
17.88
19.25
16.98
15.28
16.46
19.42
21.02
18.72
7.70
18.72
18.78
80
0.307
D/E ratiox
0.289
0.289
0.317
0.298
0.305
0.299
0.288
0.286
0.273
0.239
0.217
0.286
0.289
78
1.237
Enterprise value€M
2.179
2.285
2.524
2.889
3.314
3.348
3.791
4.483
5.117
5.729
0.403
11.57%
11.23%
80
2.592
LT debt€M
3.368
3.669
4.227
4.100
3.799
4.125
3.827
4.063
3.954
3.850
1.765
0.27%
1.60%
71
Revenue
€4.104M
6.02%
1.00×
Cost of revenue
€2.721M
6.06%
1.00×
Operating expenses
€0.970M
5.42%
0.94×
Cash and investments
18.13%
Goodwill & intangibles
16.59%
Spread over hurdle
(3.48%)