4.646
Revenue€M
2.572
2.717
2.947
3.116
3.303
3.513
3.748
4.026
4.276
4.675
5.176
7.19%
7.11%
18
4.02
Revenue growth%
17.80
15.00
14.25
15.77
18.43
19.74
19.26
19.91
18.95
16.18
15.30
19.26
18.12
75
27.57
Gross margin%
8.52
6.52
5.77
4.45
3.69
4.14
5.29
4.42
3.66
4.04
5.24
4.14
4.44
12
9.52
Operating margin%
16.24
17.17
16.70
18.47
18.34
19.49
21.21
20.74
18.06
15.26
16.06
19.49
18.20
76
8.10
Net margin%
11.14
10.30
9.61
6.64
4.62
5.75
7.89
5.53
8.05
5.37
23.54
5.75
7.27
52
7.215
P/E ratio (avg)x
22.57
23.79
23.78
24.98
27.96
29.29
33.67
34.99
39.53
45.00
20.60
34.99
28.63
44
20.35
EV/EBITx
35.15
38.34
41.07
43.39
48.76
46.70
54.12
54.35
63.58
72.49
21.01
54.35
47.73
34
14.78
FCF yield (avg)%
13.56
10.58
12.77
10.54
9.74
9.31
11.77
9.22
8.72
8.63
20.47
9.22
10.14
33
7.55
FCF margin%
16.15
13.23
15.88
17.56
17.05
18.42
15.67
18.57
20.07
19.72
24.74
18.57
17.31
33
0.655
FCF / Net incomex
0.308
0.314
0.303
0.315
0.351
0.377
0.416
0.376
0.420
0.429
0.672
0.416
0.363
65
12.07
ROIC%
27.60
25.07
22.18
23.57
24.30
24.58
27.35
28.20
29.36
30.85
23.74
28.20
26.21
32
9.85
Return on equity%
20.53
20.37
21.73
19.94
18.11
19.52
19.86
19.79
20.58
22.50
3.90
19.86
20.16
11
20.96
Return on assets%
8.95
9.16
10.99
11.82
11.54
9.12
10.32
12.12
9.91
12.84
20.46
10.32
10.65
44
0.08
EPS€
0.30
0.30
0.30
0.28
0.26
0.24
0.22
0.25
0.27
0.26
0.08
0.21%
(1.11%)
—
21.34
EPS growth%
12.40
10.77
11.72
11.71
10.99
13.21
11.12
9.51
10.62
8.46
10.49
10.62
11.06
61
0.21
Bookvalue per sh€
0.13
0.14
0.16
0.15
0.15
0.17
0.16
0.15
0.14
0.14
0.26
(1.55%)
0.54%
—
0.24
FCF per share€
0.08
0.08
0.09
0.10
0.11
0.11
0.11
0.11
0.10
0.09
0.25
(2.11%)
3.06%
—
0.07
Dividend per sh€
0.33
0.31
0.34
0.31
0.33
0.37
0.36
0.36
0.37
0.40
0.24
4.12%
2.01%
—
11.70
Div yield (avg)%
9.71
12.14
10.10
10.92
10.97
11.91
11.47
8.92
7.51
9.91
10.52
9.91
10.51
51
13.27
Payout ratio%
32.70
31.65
30.56
27.59
30.45
31.13
32.15
32.09
29.37
30.84
10.68
31.13
30.99
12
5.965
Shares (diluted)M
5.914
5.686
5.843
6.235
6.532
6.430
7.088
7.484
7.956
9.281
6.007
7.28%
4.57%
57
15.56
Buyback yield%
11.14
13.77
16.67
19.65
21.20
23.22
20.90
20.14
21.05
18.67
19.91
20.90
19.89
39
0.318
D/E ratiox
1.035
1.004
1.106
1.230
1.119
1.207
1.079
1.164
1.123
1.224
0.220
1.164
1.121
67
3.901
Enterprise value€M
0.308
0.344
0.352
0.334
0.375
0.415
0.434
0.502
0.540
0.514
2.375
6.48%
6.32%
91
3.600
LT debt€M
2.767
2.856
3.215
3.204
3.196
3.174
3.627
4.227
4.394
4.942
4.351
9.11%
6.69%
50
Revenue
€4.675M
7.11%
1.00×
Cost of revenue
€3.272M
7.11%
1.00×
Operating expenses
€0.968M
7.46%
1.03×
Cash and investments
18.76%
Spread over hurdle
(7.97%)