346.1
Revenue€M
240.9
256.9
273.5
295.2
320.4
351.9
372.8
393.0
416.4
447.8
364.4
6.92%
7.07%
94
7.71
Revenue growth%
0.56
0.40
1.01
0.40
0.40
2.78
0.59
1.39
0.40
0.40
20.71
0.59
0.48
15
20.04
Gross margin%
10.94
12.56
10.44
10.73
11.58
14.24
13.63
15.02
17.92
19.92
11.86
15.02
13.09
26
22.30
Operating margin%
33.17
33.19
35.37
37.12
35.58
38.08
36.98
36.29
39.27
42.13
20.25
38.08
36.63
88
16.02
Net margin%
15.93
13.59
14.12
11.80
9.06
10.63
10.80
11.50
14.28
14.69
7.80
11.50
12.69
72
31.98
P/E ratio (avg)x
17.36
19.16
21.48
22.77
23.17
23.82
27.14
26.55
27.96
33.27
21.61
27.14
23.49
10
31.09
EV/EBITx
33.57
36.19
33.44
34.23
37.71
36.28
36.13
37.90
43.04
41.37
34.59
37.90
36.23
23
11.58
FCF yield (avg)%
31.29
29.19
32.03
31.86
29.18
28.31
29.92
28.03
28.35
28.07
24.28
28.31
29.18
86
27.45
FCF margin%
16.40
17.51
15.24
18.09
17.23
14.32
17.06
17.24
17.93
17.98
3.60
17.24
17.23
26
1.256
FCF / Net incomex
1.043
1.084
1.187
1.082
1.196
1.320
1.202
1.066
1.099
1.082
0.923
1.099
1.091
17
22.19
ROIC%
32.89
34.48
31.53
31.96
31.98
29.47
30.85
33.06
33.11
32.03
7.70
32.03
32.00
80
29.31
Return on equity%
21.28
20.04
20.51
19.30
16.56
16.57
16.74
18.60
19.07
16.31
23.19
16.74
18.84
47
19.03
Return on assets%
25.86
26.59
27.36
24.65
23.33
24.60
23.69
22.78
21.54
19.47
16.36
22.78
24.14
42
1.37
EPS€
4.86
4.98
5.38
4.95
4.28
3.97
3.87
3.37
3.50
3.58
1.48
(3.51%)
(4.47%)
—
27.02
EPS growth%
15.34
14.47
12.24
12.82
11.62
10.98
11.80
11.45
14.08
17.02
4.51
11.80
12.53
38
5.90
Bookvalue per sh€
6.22
6.62
6.77
6.49
7.41
7.72
7.39
8.54
8.63
9.66
2.71
5.46%
5.57%
—
6.65
FCF per share€
8.83
9.09
9.94
10.07
11.43
12.03
13.19
14.33
15.61
15.66
2.59
6.50%
7.08%
—
6.07
Dividend per sh€
1.55
1.50
1.38
1.46
1.47
1.35
1.26
1.26
1.30
1.31
4.12
(2.30%)
(1.05%)
—
28.09
Div yield (avg)%
25.31
24.60
24.05
23.82
22.98
24.83
27.80
25.78
26.24
29.19
29.27
26.24
25.07
76
13.54
Payout ratio%
12.37
14.52
12.15
12.95
11.26
8.62
9.78
11.82
13.16
14.65
3.85
11.82
12.26
71
23.01
Shares (diluted)M
27.12
24.10
23.22
22.77
24.05
21.44
22.15
22.87
24.52
22.42
23.99
(1.40%)
(2.17%)
68
29.05
Buyback yield%
5.05
2.18
5.02
2.56
3.78
1.46
4.43
3.99
4.04
3.28
6.05
3.99
3.89
68
1.484
D/E ratiox
2.094
2.091
2.245
2.271
2.247
2.626
2.670
2.587
2.558
2.817
0.540
2.626
2.415
56
380.0
Enterprise value€M
408.0
487.0
576.0
578.6
559.0
569.5
598.1
663.2
658.4
728.4
215.4
5.44%
6.19%
29
100.1
LT debt€M
86.12
97.71
117.7
132.7
151.9
182.0
220.1
259.1
259.9
288.7
369.7
13.71%
12.93%
85
Revenue
€447.8M
7.07%
1.00×
Cost of revenue
€233.2M
7.12%
1.00×
Operating expenses
€70.65M
7.45%
1.04×
Cash and investments
13.91%
Spread over hurdle
51.27%