4.378
Revenue€M
2.426
2.573
2.760
2.930
3.120
3.304
3.535
3.673
3.814
4.032
4.861
5.26%
5.76%
92
18.42
Revenue growth%
11.60
13.38
15.09
13.26
15.63
14.82
14.89
14.89
16.47
15.47
20.92
14.89
14.89
54
24.69
Gross margin%
4.09
3.04
2.94
4.21
6.54
4.29
1.36
2.82
4.19
3.91
8.08
3.91
4.00
92
24.33
Operating margin%
27.54
24.55
22.30
23.10
21.74
21.33
20.34
22.74
25.08
28.07
29.80
22.74
22.92
52
5.55
Net margin%
4.59
6.38
7.95
8.38
6.80
9.40
10.59
13.21
10.71
11.03
3.98
10.71
8.89
67
27.78
P/E ratio (avg)x
33.34
35.00
35.85
39.99
36.40
32.69
34.53
37.43
37.63
36.70
28.87
36.70
36.13
83
9.479
EV/EBITx
30.41
28.69
25.97
28.94
32.13
34.85
33.91
37.21
42.00
46.90
20.61
37.21
33.02
26
18.00
FCF yield (avg)%
27.19
26.52
24.32
25.48
25.12
24.51
23.68
25.47
24.63
26.97
29.14
24.63
25.29
19
3.74
FCF margin%
19.59
22.00
19.93
17.75
20.61
20.06
23.03
22.61
23.90
22.53
18.86
22.61
21.30
19
0.146
FCF / Net incomex
2.132
2.493
2.764
2.931
3.070
3.401
3.737
3.741
4.502
4.976
0.275
3.741
3.236
39
25.14
ROIC%
30.20
29.33
27.42
25.61
28.36
27.85
28.92
28.27
31.08
31.76
15.52
28.92
28.64
48
9.83
Return on equity%
22.16
19.30
17.86
18.24
19.90
19.68
21.74
22.19
20.53
20.72
24.89
20.72
20.22
93
25.06
Return on assets%
11.05
13.95
13.58
15.37
16.39
19.28
19.25
18.44
20.67
20.81
21.35
19.28
17.41
73
0.12
EPS€
0.26
0.29
0.28
0.33
0.38
0.42
0.45
0.46
0.51
0.58
0.13
8.60%
10.20%
—
10.77
EPS growth%
18.27
18.06
16.66
15.31
14.08
14.63
12.98
14.45
11.80
13.09
27.90
13.09
14.54
53
0.23
Bookvalue per sh€
0.25
0.24
0.26
0.30
0.29
0.33
0.31
0.35
0.40
0.45
0.09
9.14%
6.60%
—
0.05
FCF per share€
0.13
0.14
0.12
0.12
0.11
0.11
0.12
0.13
0.11
0.10
0.31
(2.14%)
(2.10%)
—
0.06
Dividend per sh€
0.47
0.57
0.65
0.76
0.75
0.90
1.08
1.07
1.20
1.21
0.27
9.95%
11.43%
—
29.75
Div yield (avg)%
36.65
37.58
37.30
39.20
38.49
40.50
40.01
38.74
37.98
40.38
3.83
40.01
38.61
47
5.56
Payout ratio%
28.26
26.95
24.15
22.02
21.61
23.92
25.50
27.36
29.86
30.57
17.98
27.36
26.22
90
9.212
Shares (diluted)M
10.58
10.51
10.84
10.40
9.956
9.235
9.466
8.835
9.790
9.941
9.263
(0.03%)
(0.06%)
81
24.55
Buyback yield%
20.46
18.64
16.37
18.02
19.13
20.55
20.58
20.27
21.84
20.12
22.03
20.55
20.19
78
1.484
D/E ratiox
1.446
1.401
1.357
1.550
1.665
1.643
1.719
1.601
1.639
1.756
1.754
1.643
1.620
16
2.333
Enterprise value€M
1.367
1.500
1.357
1.361
1.356
1.352
1.492
1.507
1.456
1.322
1.662
(0.50%)
(0.60%)
86
1.389
LT debt€M
0.677
0.638
0.602
0.544
0.494
0.481
0.545
0.552
0.525
0.500
2.860
0.24%
(2.27%)
57
Revenue
€4.032M
5.76%
1.00×
Cost of revenue
€2.519M
5.98%
1.02×
Operating expenses
€0.480M
5.25%
0.95×
Property and equipment
20.11%
Goodwill & intangibles
18.50%
Spread over hurdle
13.98%