1.497
Revenue€M
3.797
3.818
3.887
4.057
4.064
4.112
4.181
4.273
4.343
4.444
1.654
1.80%
1.93%
93
27.68
Revenue growth%
8.38
9.96
12.20
13.17
10.41
10.62
11.56
14.00
13.71
13.40
25.87
13.40
11.88
83
26.11
Gross margin%
16.42
15.48
14.45
15.85
14.58
15.32
14.58
13.60
10.69
11.48
27.83
13.60
14.58
77
23.48
Operating margin%
1.84
0.40
1.53
1.90
1.40
1.40
1.61
2.62
1.47
3.49
13.87
1.61
1.57
52
25.82
Net margin%
18.52
19.51
21.69
24.18
24.53
22.92
22.53
20.51
18.59
19.30
20.74
20.51
21.10
42
20.09
P/E ratio (avg)x
42.05
40.82
38.21
42.09
45.06
45.88
42.30
37.19
40.31
38.98
11.67
40.31
41.43
31
6.484
EV/EBITx
15.79
15.82
17.35
18.09
18.64
19.13
18.41
18.40
19.64
19.23
24.07
19.13
18.40
89
9.20
FCF yield (avg)%
23.89
24.26
25.79
28.18
25.71
25.35
22.85
25.01
24.12
21.85
8.30
24.12
24.63
63
26.78
FCF margin%
19.92
17.70
17.96
19.82
17.01
19.40
18.81
21.56
22.68
25.59
12.99
21.56
19.61
43
1.604
FCF / Net incomex
1.297
1.511
1.599
1.652
1.671
1.871
1.827
1.790
1.992
2.282
0.344
1.871
1.730
27
3.28
ROIC%
14.99
14.33
15.90
16.65
15.80
17.49
15.55
15.12
13.90
15.93
8.60
15.55
15.68
66
20.49
Return on equity%
21.23
20.46
22.27
24.27
26.72
26.16
27.51
26.74
28.29
29.90
23.80
27.51
26.44
35
25.87
Return on assets%
15.14
13.07
16.01
14.88
17.08
15.04
15.27
16.86
16.19
17.75
12.65
16.19
15.64
24
0.29
EPS€
1.79
1.99
2.38
2.57
2.74
3.04
3.43
3.43
3.46
3.39
0.32
4.33%
7.55%
—
11.61
EPS growth%
8.77
8.98
11.25
13.25
12.72
12.62
15.21
13.78
12.66
13.14
8.08
13.14
12.69
60
0.40
Bookvalue per sh€
0.47
0.47
0.54
0.50
0.53
0.61
0.61
0.63
0.64
0.71
0.55
6.02%
5.70%
—
1.07
FCF per share€
0.37
0.33
0.36
0.34
0.31
0.28
0.25
0.26
0.24
0.22
0.50
(6.46%)
(4.66%)
—
0.44
Dividend per sh€
0.53
0.52
0.56
0.58
0.62
0.65
0.64
0.69
0.71
0.68
0.31
1.93%
2.29%
—
6.33
Div yield (avg)%
31.43
34.38
37.02
37.46
35.59
32.62
29.96
30.86
29.46
29.59
15.89
29.96
32.03
59
2.44
Payout ratio%
9.08
6.24
3.47
2.74
1.32
2.05
0.40
0.40
2.25
0.56
18.55
0.56
2.15
33
6.047
Shares (diluted)M
10.76
11.98
12.92
15.44
16.97
17.65
20.77
21.09
23.86
25.61
6.270
8.58%
9.91%
16
22.31
Buyback yield%
16.10
15.31
16.15
14.16
15.60
14.05
15.33
17.03
18.74
15.81
27.00
15.81
15.71
61
1.002
D/E ratiox
0.891
0.864
0.830
0.768
0.771
0.790
0.829
0.869
0.950
0.991
1.003
0.869
0.847
90
4.722
Enterprise value€M
6.202
6.161
5.867
5.516
6.133
6.044
5.730
6.354
6.516
6.309
0.724
0.57%
1.59%
68
3.540
LT debt€M
2.147
2.129
1.930
1.969
1.843
1.801
1.662
1.842
2.014
1.928
1.297
0.90%
(2.00%)
20
Revenue
€4.444M
1.93%
1.00×
Cost of revenue
€3.111M
1.93%
1.00×
Operating expenses
€0.525M
1.18%
0.93×
Goodwill & intangibles
20.12%
Cash and investments
16.51%
Spread over hurdle
(0.22%)