574.7
Revenue€M
560.2
584.0
612.1
654.1
671.4
708.8
744.9
767.3
814.6
841.2
625.2
4.61%
4.39%
10
9.72
Revenue growth%
9.60
9.76
7.29
6.54
9.15
6.52
4.32
1.58
2.45
5.30
16.42
4.32
6.53
41
24.87
Gross margin%
13.61
11.75
9.39
8.48
7.68
7.70
9.48
7.73
10.16
12.81
19.69
9.48
9.43
92
24.06
Operating margin%
18.48
20.31
22.68
23.61
23.25
22.41
24.46
23.53
24.77
23.21
7.75
23.53
23.23
11
10.91
Net margin%
11.36
12.20
13.28
15.92
18.36
19.99
20.61
20.95
20.43
21.26
25.47
20.61
19.18
42
18.46
P/E ratio (avg)x
18.89
17.83
15.21
13.73
13.09
13.83
12.42
12.08
11.69
11.21
18.89
12.08
13.41
36
28.07
EV/EBITx
32.13
31.86
32.10
34.04
30.73
29.83
25.95
22.84
22.57
21.15
6.363
22.84
30.28
76
18.99
FCF yield (avg)%
8.46
7.86
5.32
6.45
6.19
3.78
6.26
6.85
8.21
10.03
19.81
6.85
6.65
18
16.69
FCF margin%
8.56
8.85
10.24
10.27
11.28
13.64
13.64
15.36
14.13
13.04
24.66
13.64
12.16
78
0.371
FCF / Net incomex
1.340
1.204
1.227
1.089
1.099
1.092
1.098
1.152
1.177
1.192
1.424
1.152
1.165
54
6.63
ROIC%
28.86
31.67
31.25
32.92
33.86
31.48
33.47
31.97
34.60
33.96
21.14
33.47
32.44
60
8.60
Return on equity%
2.92
2.46
0.90
1.61
1.76
0.40
2.41
4.10
4.92
5.31
21.86
4.10
2.44
29
9.47
Return on assets%
25.84
27.71
25.35
25.97
24.62
22.59
21.52
20.68
18.38
16.59
26.80
20.68
23.60
58
2.52
EPS€
0.45
0.40
0.34
0.31
0.27
0.28
0.26
0.23
0.22
0.22
2.71
(4.06%)
(7.33%)
—
5.71
EPS growth%
6.31
6.06
6.31
3.32
2.35
1.50
3.34
1.00
3.68
0.96
18.53
1.50
3.33
8
2.78
Bookvalue per sh€
2.05
2.05
2.15
2.19
2.61
2.84
2.91
3.01
3.39
3.45
1.16
5.74%
6.63%
—
1.24
FCF per share€
2.34
2.43
2.26
2.32
2.14
2.33
2.52
2.51
2.54
2.29
1.53
1.35%
0.66%
—
0.55
Dividend per sh€
0.33
0.31
0.30
0.29
0.27
0.26
0.27
0.24
0.23
0.23
3.03
(3.60%)
(4.90%)
—
2.21
Div yield (avg)%
30.78
31.65
31.88
34.20
32.06
30.63
27.73
29.76
26.85
23.96
2.92
27.73
30.71
38
3.83
Payout ratio%
6.08
6.89
8.13
8.01
9.96
10.98
13.12
13.08
11.71
9.59
4.83
11.71
9.77
57
186.9
Shares (diluted)M
210.6
217.0
217.3
226.6
221.1
224.8
236.6
214.3
220.4
225.8
184.5
0.42%
1.41%
24
7.22
Buyback yield%
5.82
6.20
6.85
7.58
5.59
7.45
9.68
6.98
8.75
8.15
3.52
8.15
7.21
80
0.324
D/E ratiox
2.229
2.373
2.544
2.364
2.237
2.213
2.297
2.518
2.655
2.857
0.616
2.518
2.368
51
416.2
Enterprise value€M
92.11
96.95
88.79
90.22
94.62
85.40
93.06
100.1
87.14
77.46
524.6
(3.92%)
(2.92%)
58
0.777
LT debt€B
0.853
0.810
0.793
0.919
0.955
0.949
0.889
0.942
1.097
1.160
0.513
3.95%
4.22%
54
Revenue
€841.2M
4.39%
1.00×
Cost of revenue
€539.5M
4.15%
0.98×
Operating expenses
€168.8M
4.92%
1.05×
Spread over hurdle
(1.37%)