283.8
Revenue€M
395.2
404.7
423.3
443.1
462.5
478.5
496.0
523.2
529.4
549.4
303.2
3.50%
3.94%
52
17.68
Revenue growth%
19.50
17.53
14.87
16.67
19.37
21.90
23.47
23.11
22.94
21.75
20.11
22.94
20.63
19
14.17
Gross margin%
12.18
11.38
12.97
11.57
10.53
10.93
9.12
6.55
9.48
7.39
7.42
9.12
10.73
84
25.12
Operating margin%
23.85
22.10
19.89
18.23
20.23
19.53
21.40
21.28
24.02
21.68
23.17
21.40
21.34
38
17.58
Net margin%
30.50
27.87
27.35
26.23
26.29
24.30
25.22
26.43
29.06
28.98
13.46
26.43
26.89
45
15.52
P/E ratio (avg)x
20.88
20.57
18.14
16.74
17.19
16.30
15.27
15.00
16.38
14.44
16.31
15.27
16.56
34
23.62
EV/EBITx
29.73
29.52
30.61
35.23
40.02
47.29
50.56
50.39
59.36
67.40
26.09
50.56
43.65
70
14.82
FCF yield (avg)%
7.42
8.76
7.88
8.89
6.49
8.32
7.43
10.15
11.03
11.11
8.33
10.15
8.54
9
18.19
FCF margin%
1.63
2.91
1.16
1.81
4.55
5.92
7.29
7.67
7.66
9.80
10.02
7.66
5.23
40
0.773
FCF / Net incomex
1.414
1.386
1.431
1.459
1.712
1.658
1.679
1.934
2.092
2.426
0.959
1.934
1.669
68
4.77
ROIC%
18.26
17.53
16.25
16.70
18.10
20.65
20.29
20.82
23.79
25.53
9.50
20.82
19.27
60
12.04
Return on equity%
27.77
26.90
25.13
23.77
25.22
26.98
26.99
25.62
25.29
26.31
4.41
26.31
25.97
75
24.12
Return on assets%
23.14
24.80
22.77
20.70
20.13
21.50
20.90
19.16
18.75
20.35
19.36
20.35
20.80
32
14.29
EPS€
28.37
27.70
26.30
28.31
26.09
25.47
26.81
26.21
24.92
25.47
15.60
(0.48%)
(1.04%)
—
12.06
EPS growth%
6.09
8.57
8.14
6.11
8.27
5.51
5.68
4.00
5.00
6.10
11.73
5.51
6.10
62
19.81
Bookvalue per sh€
19.44
19.86
21.03
22.74
25.74
27.24
28.04
31.99
35.30
35.34
7.36
6.54%
6.78%
—
7.04
FCF per share€
13.64
15.27
15.00
16.41
19.08
22.21
21.48
23.36
23.48
25.08
18.24
5.63%
6.83%
—
26.49
Dividend per sh€
9.46
9.69
10.35
10.22
10.45
10.98
10.15
8.98
8.91
7.65
10.27
(6.04%)
(3.29%)
—
27.29
Div yield (avg)%
7.90
8.00
10.06
12.66
13.97
11.07
13.92
14.60
13.97
11.60
15.24
13.92
12.13
78
3.89
Payout ratio%
15.19
13.27
12.16
11.81
11.60
11.96
13.68
16.22
14.11
15.47
16.53
14.11
13.47
9
16.54
Shares (diluted)M
17.21
15.57
15.68
16.68
18.36
16.58
14.94
16.43
16.99
16.71
17.38
(1.87%)
(0.78%)
15
11.49
Buyback yield%
6.05
7.95
5.94
7.07
9.63
7.69
10.47
12.36
10.58
12.61
12.19
10.58
8.79
28
0.144
D/E ratiox
0.334
0.320
0.345
0.347
0.338
0.312
0.316
0.354
0.333
0.358
0.131
0.333
0.336
6
642.9
Enterprise value€M
244.0
269.8
316.9
328.6
355.6
349.1
409.7
495.3
511.2
590.3
355.0
10.67%
9.61%
91
535.4
LT debt€M
86.29
88.03
90.57
97.46
99.40
98.49
90.77
87.13
86.32
85.51
676.3
(2.96%)
(0.71%)
82
Revenue
€549.4M
3.94%
1.00×
Cost of revenue
€373.9M
3.93%
1.00×
Operating expenses
€106.3M
3.99%
1.00×
Cash and investments
18.77%
Spread over hurdle
(6.32%)