0.951
Revenue€M
2.412
2.428
2.475
2.501
2.578
2.625
2.715
2.806
2.861
2.918
1.042
2.51%
2.27%
13
9.95
Revenue growth%
29.35
30.58
32.19
34.97
35.57
35.37
36.63
38.75
36.62
35.92
24.48
36.62
35.47
36
16.27
Gross margin%
32.38
33.99
36.72
39.04
40.87
38.68
36.99
34.77
33.67
36.30
3.04
36.30
36.51
73
20.33
Operating margin%
4.58
4.15
2.84
2.21
0.40
0.40
3.01
0.64
0.40
1.95
8.33
0.64
2.08
71
6.68
Net margin%
4.37
6.94
7.14
9.46
8.96
9.52
7.17
7.24
9.66
10.69
4.67
9.52
8.10
15
16.75
P/E ratio (avg)x
33.34
38.22
39.34
36.03
35.85
37.47
39.56
36.22
35.90
33.40
20.52
36.22
36.13
61
7.718
EV/EBITx
35.52
33.04
32.50
31.78
32.45
31.64
29.98
29.18
30.60
33.29
24.47
30.60
32.12
23
2.33
FCF yield (avg)%
15.42
12.57
15.17
14.41
12.16
12.80
12.98
11.88
14.71
13.12
12.35
12.98
13.05
15
5.36
FCF margin%
14.30
13.90
12.72
14.45
13.54
15.48
13.96
12.30
9.37
12.17
5.18
12.30
13.72
8
0.263
FCF / Net incomex
1.127
1.218
1.285
1.111
1.215
1.201
1.105
1.205
1.161
1.146
1.082
1.161
1.181
43
12.31
ROIC%
22.01
22.66
24.55
21.58
20.95
21.58
21.05
21.09
20.59
19.31
27.18
21.05
21.33
23
25.11
Return on equity%
21.71
24.12
21.81
21.21
20.94
22.07
19.69
18.18
20.26
22.11
13.40
20.26
21.46
92
15.50
Return on assets%
19.98
17.71
19.27
17.15
14.35
11.70
10.26
10.23
8.24
5.30
21.52
10.23
13.03
18
0.28
EPS€
0.53
0.57
0.63
0.58
0.54
0.54
0.56
0.57
0.60
0.55
0.29
0.26%
0.67%
—
26.84
EPS growth%
6.43
3.91
2.06
0.40
0.40
1.04
1.56
4.39
1.67
4.05
14.77
1.67
1.87
63
0.37
Bookvalue per sh€
0.45
0.45
0.45
0.50
0.57
0.63
0.70
0.81
0.91
0.90
0.43
9.52%
8.22%
—
0.26
FCF per share€
0.53
0.54
0.49
0.45
0.40
0.38
0.33
0.29
0.31
0.31
0.15
(4.89%)
(5.12%)
—
0.87
Dividend per sh€
1.49
1.71
1.97
1.96
2.30
2.42
2.59
2.78
3.12
3.44
0.68
8.39%
10.13%
—
2.40
Div yield (avg)%
3.71
5.57
6.95
4.83
4.09
5.05
5.28
2.48
2.96
3.46
20.77
3.46
4.46
23
21.54
Payout ratio%
8.12
9.32
11.46
13.45
15.23
17.91
16.55
19.32
19.73
21.06
27.20
19.32
15.89
93
1.354
Shares (diluted)M
1.760
1.782
1.743
1.886
1.758
1.739
1.829
2.112
2.234
2.566
1.370
7.86%
4.84%
8
9.40
Buyback yield%
3.54
1.25
0.40
0.40
0.40
3.36
1.06
0.40
0.40
0.40
20.08
0.40
0.40
6
0.540
D/E ratiox
0.459
0.467
0.474
0.493
0.522
0.517
0.486
0.523
0.538
0.498
1.152
0.517
0.496
15
0.780
Enterprise value€M
0.790
0.826
0.951
1.009
1.050
1.161
1.262
1.466
1.518
1.737
1.956
10.58%
8.84%
30
2.410
LT debt€M
2.651
3.054
3.136
3.544
3.807
4.191
4.933
5.445
5.788
6.448
0.988
11.11%
10.45%
39
Revenue
€2.918M
2.27%
1.00×
Cost of revenue
€2.043M
2.27%
1.00×
Operating expenses
€0.522M
2.08%
0.98×
Property and equipment
17.48%
Spread over hurdle
(2.06%)