3.831
Revenue€M
3.507
3.691
3.802
3.975
4.275
4.475
4.826
5.171
5.521
5.713
4.278
5.97%
5.48%
18
6.71
Revenue growth%
14.43
13.93
14.46
12.36
11.83
12.27
12.80
14.40
17.22
17.35
13.13
14.40
14.16
18
23.37
Gross margin%
8.73
5.90
7.09
4.85
6.01
7.86
9.31
8.36
8.89
8.11
26.08
8.36
7.98
18
28.71
Operating margin%
6.81
6.33
3.56
4.05
2.51
4.48
7.29
6.73
6.68
7.53
6.86
6.73
6.50
87
7.18
Net margin%
12.81
13.99
16.85
15.27
12.76
10.79
7.96
8.89
9.36
10.77
25.93
9.36
11.77
26
7.929
P/E ratio (avg)x
39.48
42.05
40.66
42.96
48.09
51.85
57.28
54.17
48.12
42.77
16.59
51.85
45.53
93
21.50
EV/EBITx
7.882
8.533
8.382
8.169
8.965
9.083
9.339
9.610
9.222
10.61
9.192
9.339
9.024
33
25.36
FCF yield (avg)%
13.72
13.36
13.51
14.99
15.49
13.34
11.08
11.58
12.95
10.98
11.62
11.58
13.35
8
19.36
FCF margin%
29.11
30.12
28.44
28.41
29.93
30.60
29.63
29.30
29.77
28.64
22.08
29.63
29.46
94
1.415
FCF / Net incomex
1.141
1.124
1.258
1.416
1.369
1.547
1.695
1.580
1.721
1.767
0.992
1.695
1.482
14
7.59
ROIC%
13.83
15.67
13.78
16.59
15.72
17.06
19.91
22.79
21.70
23.17
25.32
21.70
16.82
12
9.66
Return on equity%
8.42
9.30
9.10
8.58
9.03
11.14
12.78
10.99
11.85
14.28
16.56
11.85
10.15
12
9.25
Return on assets%
3.88
4.85
7.27
4.81
5.93
7.52
9.28
7.00
5.61
2.76
28.72
7.00
5.77
38
0.35
EPS€
0.54
0.54
0.54
0.64
0.71
0.79
0.83
1.00
1.16
1.15
0.40
10.29%
8.26%
—
10.67
EPS growth%
5.74
5.99
4.67
5.83
7.06
8.34
7.50
7.87
4.98
6.06
29.06
7.50
6.02
91
0.32
Bookvalue per sh€
0.96
1.13
1.17
1.14
1.25
1.49
1.61
1.71
1.79
1.77
0.12
7.16%
6.88%
—
0.14
FCF per share€
0.53
0.50
0.47
0.47
0.54
0.51
0.55
0.64
0.71
0.68
0.28
4.82%
1.87%
—
0.41
Dividend per sh€
0.19
0.19
0.19
0.18
0.21
0.20
0.21
0.25
0.29
0.33
0.59
10.08%
6.55%
—
11.07
Div yield (avg)%
18.74
20.86
21.70
23.43
23.76
21.28
18.86
16.74
15.79
14.96
17.29
16.74
19.86
72
22.15
Payout ratio%
30.54
33.17
33.05
32.17
30.22
32.56
32.34
29.68
32.60
32.41
28.76
32.41
32.37
12
4.015
Shares (diluted)M
4.139
4.273
4.482
4.463
4.818
4.363
4.733
4.948
5.585
6.209
3.845
5.21%
3.88%
6
23.24
Buyback yield%
18.01
19.33
17.84
15.04
12.70
10.83
12.47
12.28
11.83
13.74
7.51
12.28
13.22
29
0.767
D/E ratiox
0.708
0.809
0.885
0.872
0.893
0.898
0.915
0.930
0.891
0.864
1.097
0.898
0.888
73
3.823
Enterprise value€M
2.384
2.700
2.660
3.168
3.392
3.756
4.395
5.100
5.145
5.472
2.316
10.04%
9.64%
33
2.364
LT debt€M
4.730
5.069
5.568
6.069
6.800
6.350
5.792
6.191
5.667
5.393
4.796
(4.53%)
1.99%
6
Revenue
€5.713M
5.48%
1.00×
Cost of revenue
€3.311M
5.35%
0.99×
Operating expenses
€1.033M
5.30%
0.98×
Goodwill & intangibles
17.13%
Cash and investments
16.72%
Spread over hurdle
22.95%