107.3
Revenue€M
408.4
427.9
440.6
466.1
480.4
516.5
553.2
570.6
612.5
654.9
114.6
6.39%
5.36%
28
11.93
Revenue growth%
9.97
10.49
7.96
10.42
11.17
11.74
10.71
11.22
13.23
13.27
27.83
11.74
10.94
45
13.12
Gross margin%
5.49
7.01
7.01
6.14
8.48
8.15
8.20
8.08
6.51
6.64
7.18
8.08
7.01
60
6.92
Operating margin%
30.14
28.37
28.05
26.47
25.09
22.49
25.34
24.88
24.76
26.02
10.84
24.88
25.68
32
28.42
Net margin%
6.99
9.59
11.48
12.36
14.29
15.51
17.02
16.29
18.84
17.77
20.60
17.02
14.90
18
28.83
P/E ratio (avg)x
19.15
19.55
21.29
18.36
20.04
18.01
17.55
15.70
14.93
15.46
14.33
15.70
18.18
41
22.21
EV/EBITx
24.28
22.65
23.90
26.36
23.18
22.42
23.56
25.86
27.56
24.82
27.82
24.82
24.09
17
15.39
FCF yield (avg)%
21.45
20.08
18.47
20.99
22.05
24.77
22.68
22.37
21.93
21.27
6.59
22.37
21.69
31
6.52
FCF margin%
17.99
16.48
16.26
15.09
13.20
15.45
14.44
16.13
13.13
10.57
28.33
14.44
15.27
18
1.497
FCF / Net incomex
1.995
2.365
2.368
2.496
2.430
2.568
3.024
2.885
2.781
2.750
0.645
2.781
2.532
84
9.40
ROIC%
24.00
26.11
24.50
27.10
25.45
26.26
28.81
25.89
24.14
25.03
18.74
25.89
25.67
62
17.70
Return on equity%
31.03
32.30
31.58
32.03
30.77
33.56
33.34
31.43
31.61
32.70
19.93
32.70
31.82
66
23.69
Return on assets%
18.18
19.32
18.41
18.55
17.85
15.99
13.76
14.75
15.96
13.89
23.26
14.75
16.92
75
4.67
EPS€
12.22
12.64
12.29
13.70
13.76
15.60
18.22
19.98
23.04
25.75
5.15
13.36%
9.33%
—
27.31
EPS growth%
14.47
16.61
14.93
14.92
15.88
18.10
19.41
19.11
18.19
16.47
10.83
18.19
16.54
42
4.31
Bookvalue per sh€
12.50
11.72
13.00
12.02
12.59
13.33
12.74
13.54
14.30
15.69
2.16
4.49%
3.21%
—
7.15
FCF per share€
16.81
19.52
22.15
23.15
25.33
26.21
25.71
29.82
29.96
33.20
6.79
5.56%
8.49%
—
6.20
Dividend per sh€
10.24
10.91
10.95
10.06
10.06
9.70
10.34
11.33
11.67
10.83
5.96
1.47%
1.54%
—
10.22
Div yield (avg)%
21.11
18.65
15.68
16.59
15.97
16.69
15.94
15.37
17.48
19.22
27.58
16.69
16.64
30
16.26
Payout ratio%
26.11
24.50
21.95
21.58
18.71
18.78
20.24
23.02
20.42
23.36
22.74
20.42
21.76
68
18.36
Shares (diluted)M
21.79
19.86
21.23
22.52
22.57
24.51
23.76
23.22
25.41
23.11
18.90
0.47%
0.22%
94
7.09
Buyback yield%
19.77
20.46
20.48
19.75
20.71
18.40
16.82
18.36
18.12
18.28
2.41
18.28
19.08
57
1.027
D/E ratiox
2.368
2.407
2.722
2.709
2.616
2.943
3.216
3.383
4.035
4.557
1.576
3.383
2.833
60
0.422
Enterprise value€B
1.132
1.227
1.284
1.308
1.441
1.561
1.765
1.860
2.124
2.206
0.254
8.88%
8.42%
92
0.091
LT debt€B
0.679
0.752
0.731
0.773
0.838
0.821
0.921
0.844
0.915
1.040
0.214
4.42%
4.28%
10
Revenue
€654.9M
5.36%
1.00×
Cost of revenue
€458.4M
5.36%
1.00×
Operating expenses
€99.03M
4.93%
0.96×
Property and equipment
15.30%
Spread over hurdle
(0.93%)