3.150
Revenue€M
5.095
5.458
5.915
6.449
6.794
7.322
7.988
8.729
9.530
10.32
3.499
8.73%
8.22%
68
25.10
Revenue growth%
28.73
27.29
25.70
23.42
23.08
25.93
24.54
26.24
27.65
26.24
28.83
26.24
26.09
7
17.25
Gross margin%
20.15
20.04
20.46
22.65
24.90
26.95
29.56
31.39
29.64
30.24
21.02
29.64
25.92
50
5.35
Operating margin%
11.88
12.28
9.89
10.90
11.69
13.06
11.26
9.39
11.36
12.55
3.32
11.36
11.52
90
23.19
Net margin%
23.28
25.88
28.43
29.38
30.37
32.78
31.61
29.35
29.57
28.42
16.24
29.57
29.37
93
17.55
P/E ratio (avg)x
26.55
25.11
23.55
24.04
26.16
30.05
28.53
27.93
31.13
34.42
21.11
30.05
27.24
21
33.79
EV/EBITx
13.62
13.94
16.10
16.46
16.68
18.98
19.53
18.77
20.18
20.92
28.95
19.53
17.72
52
7.72
FCF yield (avg)%
15.40
15.49
13.76
11.02
13.83
15.97
18.48
18.16
15.81
14.99
21.17
15.97
15.44
64
19.54
FCF margin%
4.47
1.78
1.18
1.13
0.40
2.03
0.40
0.40
2.56
1.99
10.56
1.99
1.48
19
0.504
FCF / Net incomex
1.341
1.520
1.499
1.556
1.818
1.804
2.038
1.991
2.189
2.400
1.095
2.038
1.811
11
8.18
ROIC%
3.89
5.67
4.94
2.28
0.98
2.05
0.40
2.80
2.30
1.30
14.51
2.05
2.29
56
3.31
Return on equity%
19.42
20.07
18.86
15.93
16.00
15.83
13.96
16.27
16.03
17.16
13.54
16.03
16.15
64
10.33
Return on assets%
23.41
25.43
25.09
25.93
23.44
21.25
22.90
23.68
20.76
23.41
20.29
22.90
23.42
32
0.52
EPS€
0.30
0.32
0.31
0.30
0.27
0.27
0.30
0.31
0.27
0.24
0.57
(1.88%)
(3.68%)
—
20.33
EPS growth%
17.39
19.36
16.74
18.57
19.93
21.37
20.48
19.65
19.83
20.38
8.44
20.38
19.74
56
0.71
Bookvalue per sh€
0.68
0.72
0.75
0.84
0.80
0.81
0.80
0.78
0.82
0.92
0.20
2.97%
2.47%
—
0.35
FCF per share€
0.39
0.35
0.36
0.35
0.32
0.32
0.28
0.24
0.24
0.21
0.34
(8.08%)
(5.70%)
—
0.51
Dividend per sh€
0.54
0.60
0.61
0.60
0.60
0.61
0.61
0.68
0.69
0.62
0.54
0.53%
0.14%
—
6.83
Div yield (avg)%
20.73
22.84
19.87
17.59
15.90
13.75
13.30
12.02
14.18
15.74
21.44
13.75
15.82
82
4.16
Payout ratio%
13.65
13.66
16.49
13.92
10.92
12.07
11.75
9.57
7.64
9.93
13.59
9.93
11.91
28
3.667
Shares (diluted)M
3.119
3.055
3.170
2.724
2.613
2.464
2.511
2.426
2.476
2.592
3.802
(0.16%)
(1.74%)
71
5.53
Buyback yield%
18.66
21.22
18.29
16.97
18.50
20.50
20.51
21.93
22.31
25.06
7.68
21.93
20.50
46
0.588
D/E ratiox
1.436
1.403
1.269
1.412
1.386
1.553
1.402
1.543
1.525
1.634
1.221
1.543
1.424
94
1.282
Enterprise value€M
6.058
6.040
6.492
7.560
8.110
8.097
7.794
7.583
8.068
8.818
6.329
1.69%
4.32%
81
8.225
LT debt€M
4.060
4.447
4.335
4.110
4.648
5.007
5.857
6.811
7.056
7.683
7.001
10.58%
8.14%
38
Revenue
€10.32M
8.22%
1.00×
Cost of revenue
€7.227M
8.22%
1.00×
Operating expenses
€1.662M
7.69%
0.95×
Goodwill & intangibles
16.15%
Spread over hurdle
(0.95%)