2.118
Revenue€M
1.924
2.041
2.099
2.195
2.366
2.521
2.667
2.773
2.905
3.062
2.346
5.30%
5.38%
40
26.11
Revenue growth%
26.07
27.11
25.18
25.60
26.11
27.32
28.56
28.63
29.14
30.46
25.31
28.63
27.22
94
25.60
Gross margin%
20.02
18.42
16.70
17.75
18.01
18.91
15.93
16.08
14.83
13.42
5.88
15.93
17.23
45
21.95
Operating margin%
12.75
13.13
10.82
8.22
6.02
7.83
7.82
7.50
5.19
7.28
6.57
7.50
7.83
74
8.89
Net margin%
24.60
22.47
22.21
19.29
18.87
18.00
18.30
15.94
13.23
10.31
28.96
15.94
18.58
26
25.52
P/E ratio (avg)x
31.90
28.21
29.97
27.09
27.45
28.21
25.72
27.80
27.68
29.60
10.50
27.80
28.00
64
18.92
EV/EBITx
14.13
13.18
11.65
11.09
10.19
8.592
8.427
8.822
8.147
8.601
36.92
8.592
9.508
49
29.62
FCF yield (avg)%
8.97
6.22
6.51
5.98
5.95
4.47
7.07
9.15
6.62
5.58
10.62
6.62
6.36
19
13.06
FCF margin%
10.85
13.10
14.48
14.57
16.64
14.17
14.24
15.01
13.67
15.61
10.53
14.24
14.36
33
0.738
FCF / Net incomex
0.756
0.779
0.811
0.768
0.854
0.852
0.837
0.924
0.907
0.901
1.784
0.901
0.844
93
4.12
ROIC%
21.27
18.78
20.42
18.51
17.77
20.45
20.72
21.28
21.82
20.12
13.07
20.72
20.43
45
6.10
Return on equity%
7.56
5.46
7.30
8.96
11.06
8.69
11.14
8.20
8.25
8.99
20.72
8.69
8.47
91
5.51
Return on assets%
5.40
5.76
2.97
3.27
5.04
5.10
5.91
4.67
6.79
7.21
19.51
5.91
5.25
74
0.59
EPS€
0.81
0.96
0.98
1.05
1.09
1.22
1.28
1.33
1.56
1.78
0.63
10.30%
10.06%
—
7.67
EPS growth%
28.10
25.68
24.29
27.13
26.96
24.05
24.20
21.71
22.71
20.17
9.96
22.71
24.24
15
0.13
Bookvalue per sh€
0.70
0.73
0.63
0.63
0.67
0.70
0.74
0.69
0.67
0.67
0.60
(0.18%)
(0.80%)
—
0.73
FCF per share€
0.68
0.74
0.82
0.85
0.92
1.02
1.02
0.93
0.96
0.91
0.31
(0.19%)
2.52%
—
0.44
Dividend per sh€
1.59
1.65
1.80
2.02
2.16
2.11
2.24
2.36
2.43
2.74
0.77
4.88%
6.12%
—
7.64
Div yield (avg)%
12.08
15.06
17.98
20.17
19.04
21.52
18.76
18.83
17.13
15.69
5.50
18.76
18.37
37
24.51
Payout ratio%
21.34
21.90
19.85
17.33
18.29
16.98
18.50
21.30
20.66
22.86
2.23
20.66
20.25
36
3.006
Shares (diluted)M
2.661
2.788
2.776
2.419
2.224
2.174
1.936
1.876
2.000
2.014
3.089
(1.97%)
(3.26%)
79
4.28
Buyback yield%
12.63
15.15
14.91
12.74
13.00
14.81
14.76
15.10
17.29
18.46
27.84
15.10
14.86
29
1.640
D/E ratiox
2.577
2.850
2.980
3.517
4.039
4.357
4.853
5.223
5.860
7.081
1.075
5.223
4.198
63
3.161
Enterprise value€M
0.130
0.132
0.134
0.142
0.143
0.132
0.112
0.118
0.116
0.120
2.081
(3.39%)
(1.33%)
15
0.699
LT debt€M
1.294
1.250
1.382
1.372
1.381
1.559
1.594
1.760
1.806
1.733
2.596
4.64%
2.84%
7
Revenue
€3.062M
5.38%
1.00×
Cost of revenue
€2.025M
5.34%
1.00×
Operating expenses
€0.772M
5.63%
1.02×
Cash and investments
16.84%
Spread over hurdle
(4.41%)