1.923
Revenue€M
2.223
2.289
2.324
2.352
2.342
2.395
2.436
2.455
2.473
2.508
2.150
1.38%
1.25%
14
14.85
Revenue growth%
7.77
8.19
7.09
5.25
7.92
10.26
9.91
7.91
6.88
7.51
5.92
7.91
7.84
39
20.54
Gross margin%
21.31
20.17
21.14
23.80
25.61
24.75
21.90
19.55
17.09
17.78
15.35
19.55
21.22
77
20.84
Operating margin%
0.40
3.06
3.61
3.96
6.21
3.57
3.96
5.48
4.64
1.90
7.62
3.96
3.78
78
28.89
Net margin%
0.40
1.95
0.98
2.80
2.43
3.33
1.20
2.39
3.00
2.86
11.50
2.86
2.41
69
19.47
P/E ratio (avg)x
31.14
33.12
29.93
26.86
24.86
27.05
24.35
26.83
30.20
32.42
11.91
27.05
28.49
22
31.88
EV/EBITx
19.02
16.36
16.36
14.61
14.82
14.92
14.31
15.10
15.07
14.00
30.36
14.92
15.00
78
24.46
FCF yield (avg)%
12.67
11.54
14.01
16.13
14.88
12.18
14.88
15.15
14.66
15.12
15.17
14.88
14.77
92
15.23
FCF margin%
24.44
25.89
28.63
29.76
28.72
27.08
24.80
27.22
29.29
30.48
5.17
27.22
27.93
74
0.152
FCF / Net incomex
1.876
2.208
2.532
2.999
2.961
2.882
3.392
3.853
3.898
3.986
0.769
3.853
2.980
86
21.52
ROIC%
7.81
9.75
7.73
9.99
11.01
13.34
11.16
13.13
15.96
17.69
29.64
13.34
11.08
77
26.33
Return on equity%
16.68
17.02
14.92
12.15
9.53
7.02
8.35
11.09
12.10
11.55
26.81
11.09
11.82
37
7.47
Return on assets%
16.42
13.56
10.86
9.18
8.22
10.08
10.06
7.54
9.29
6.40
3.14
9.29
9.67
51
—
EPS€
0.01
0.01
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
—
(1.14%)
2.26%
—
13.75
EPS growth%
17.28
18.42
20.80
22.86
25.67
26.88
24.60
23.69
23.44
22.52
16.57
23.69
23.15
46
0.01
Bookvalue per sh€
—
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
10.86%
7.56%
—
0.01
FCF per share€
—
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
—
2.96%
2.80%
—
0.01
Dividend per sh€
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.39%
0.60%
—
10.95
Div yield (avg)%
32.45
33.72
33.60
31.09
29.34
31.34
30.33
27.54
29.20
28.66
8.62
29.20
30.71
92
27.35
Payout ratio%
15.80
14.50
13.50
10.57
8.15
8.64
8.85
8.60
11.48
12.68
13.87
8.85
11.02
12
96.53
Shares (diluted)M
209.0
242.8
286.0
316.2
356.1
377.6
414.9
490.0
569.1
634.9
91.77
12.26%
13.53%
53
21.66
Buyback yield%
2.66
0.40
0.40
0.40
0.40
0.73
0.40
0.40
1.21
0.40
5.10
0.40
0.40
68
0.523
D/E ratiox
0.124
0.111
0.112
0.125
0.118
0.110
0.112
0.118
0.109
0.097
1.728
0.110
0.112
9
1.680
Enterprise value€M
1.002
1.041
1.076
1.276
1.330
1.464
1.422
1.400
1.656
1.894
1.105
7.34%
6.07%
64
2.521
LT debt€M
1.607
1.619
1.778
1.861
2.054
2.343
2.829
3.211
3.694
3.972
1.924
14.09%
10.90%
28
Revenue
€2.508M
1.25%
1.00×
Cost of revenue
€1.559M
1.10%
0.99×
Operating expenses
€0.420M
0.89%
0.97×
Cash and investments
16.23%
Spread over hurdle
19.99%