11.12
Revenue€M
22.10
24.08
25.43
26.60
28.68
30.15
32.60
34.31
36.65
38.96
11.58
6.32%
6.62%
28
4.77
Revenue growth%
2.32
5.06
6.72
8.23
10.71
13.56
16.13
13.95
12.09
13.67
15.48
13.67
11.40
27
7.85
Gross margin%
27.06
30.03
28.53
28.51
29.18
29.84
30.13
28.81
31.61
30.43
24.45
30.13
29.51
63
7.79
Operating margin%
6.18
3.95
3.40
4.63
2.40
2.40
0.40
3.17
5.02
6.30
22.23
3.17
3.68
47
20.15
Net margin%
19.99
20.31
20.05
21.87
24.26
27.09
29.10
26.69
25.29
27.50
5.14
27.09
24.77
43
17.68
P/E ratio (avg)x
30.78
30.29
27.91
29.21
26.88
25.44
24.45
26.79
27.40
29.88
30.12
26.79
27.66
75
33.01
EV/EBITx
61.52
72.39
76.05
89.10
100.4
110.1
112.0
112.8
116.7
119.7
26.62
112.8
105.2
53
18.21
FCF yield (avg)%
25.05
26.71
25.10
22.66
19.70
18.14
15.49
13.00
12.11
9.25
25.35
13.00
18.92
92
20.95
FCF margin%
25.66
27.87
26.07
24.71
25.63
23.04
25.99
25.56
23.38
22.60
8.03
23.38
25.60
70
1.200
FCF / Net incomex
0.984
1.141
1.230
1.453
1.656
1.698
1.662
1.874
2.190
2.280
1.727
1.874
1.659
43
29.79
ROIC%
28.47
27.70
28.27
30.98
33.20
36.13
37.80
35.41
34.02
35.27
3.52
35.41
33.61
11
24.57
Return on equity%
17.50
19.83
20.02
19.62
19.77
18.71
20.13
20.21
18.12
19.51
3.82
19.51
19.69
7
26.29
Return on assets%
29.04
30.34
30.93
29.66
26.95
25.43
27.82
27.35
25.14
26.21
18.44
26.21
27.58
67
1.44
EPS€
3.59
3.43
3.03
3.04
3.15
3.25
2.98
2.97
2.96
2.81
1.47
(2.24%)
(1.88%)
—
14.89
EPS growth%
3.45
2.14
2.56
2.00
3.39
1.11
0.40
0.40
0.40
0.40
5.38
0.40
1.55
75
2.26
Bookvalue per sh€
8.92
8.85
9.02
10.19
11.31
11.54
12.21
13.35
13.74
12.64
1.89
2.25%
4.74%
—
2.32
FCF per share€
6.29
7.12
6.81
6.78
7.10
7.23
7.38
7.81
7.62
8.63
4.25
3.96%
3.93%
—
1.27
Dividend per sh€
5.68
5.32
4.86
4.63
4.87
4.62
4.61
4.32
4.70
4.76
2.83
(0.44%)
(1.38%)
—
13.63
Div yield (avg)%
20.80
18.84
17.72
15.78
17.46
19.45
18.16
18.00
18.70
21.54
13.16
18.70
18.43
92
27.03
Payout ratio%
32.10
31.81
30.03
32.98
34.39
35.09
34.78
37.44
40.37
40.30
13.10
37.44
34.58
83
2.654
Shares (diluted)M
2.300
2.132
2.282
2.100
2.044
1.998
1.994
2.116
2.210
2.399
2.663
3.25%
(0.57%)
32
26.01
Buyback yield%
10.79
8.07
10.05
8.91
8.73
10.74
11.99
9.59
8.26
5.85
14.67
9.59
9.25
87
0.701
D/E ratiox
2.306
2.538
2.573
2.525
2.641
2.587
2.563
2.520
2.877
2.910
0.579
2.587
2.568
67
28.25
Enterprise value€M
24.10
23.49
24.73
24.83
27.44
30.53
31.37
33.05
36.13
34.37
12.36
4.61%
3.89%
23
25.66
LT debt€M
5.620
5.406
4.596
4.106
4.153
3.704
3.427
2.945
2.530
2.284
23.67
(11.27%)
(9.30%)
31
Revenue
€38.96M
6.62%
1.00×
Cost of revenue
€22.84M
6.51%
0.99×
Operating expenses
€6.647M
6.34%
0.97×
Goodwill & intangibles
19.66%
Spread over hurdle
12.21%