91.18
Revenue€M
105.7
113.9
120.9
130.5
138.0
145.5
154.9
170.8
184.2
196.7
100.2
7.35%
7.40%
24
17.12
Revenue growth%
14.48
13.49
15.92
17.79
18.87
19.71
20.24
17.54
17.49
18.27
24.09
18.27
17.66
67
14.66
Gross margin%
18.36
20.22
20.11
21.31
19.46
20.68
22.95
20.82
23.33
23.91
26.01
22.95
20.75
5
14.90
Operating margin%
10.51
13.45
11.20
11.13
8.17
9.86
9.58
7.34
5.07
4.32
25.12
7.34
9.72
35
21.88
Net margin%
11.47
11.09
12.22
10.32
8.51
10.65
11.07
10.22
8.11
8.07
27.66
10.22
10.48
25
36.42
P/E ratio (avg)x
7.894
8.015
9.101
8.591
8.551
7.892
8.338
7.975
8.017
8.170
7.291
8.017
8.094
75
34.11
EV/EBITx
16.36
18.20
15.91
14.70
13.07
11.43
11.05
10.89
11.09
11.46
11.95
11.09
12.27
49
18.90
FCF yield (avg)%
0.85
2.42
0.40
0.40
0.40
2.35
1.43
0.40
0.40
0.96
11.73
0.96
0.62
25
5.82
FCF margin%
29.42
29.78
27.41
25.25
26.85
29.78
28.65
28.53
27.66
29.64
4.11
28.65
28.59
28
0.169
FCF / Net incomex
0.372
0.357
0.345
0.334
0.289
0.280
0.250
0.272
0.265
0.247
0.215
0.265
0.284
49
7.11
ROIC%
22.13
24.62
24.25
26.87
25.20
27.47
25.33
22.94
21.74
22.58
24.17
22.94
24.43
93
12.29
Return on equity%
24.59
22.45
22.70
21.47
23.45
22.97
21.71
23.12
21.87
20.48
17.70
21.87
22.57
64
11.81
Return on assets%
21.72
20.82
18.49
16.24
15.19
15.47
12.92
12.38
13.29
15.22
21.79
13.29
15.34
75
4.46
EPS€
4.10
4.48
4.87
5.18
6.01
7.23
8.30
9.94
10.48
10.72
4.56
12.27%
11.34%
—
8.66
EPS growth%
0.40
2.17
5.15
5.37
3.55
3.13
1.55
0.40
2.26
0.40
5.27
1.55
2.22
15
1.06
Bookvalue per sh€
6.20
6.48
6.97
6.34
6.63
7.19
6.81
7.23
7.99
7.22
2.60
1.72%
1.91%
—
3.47
FCF per share€
7.01
7.43
8.52
9.89
10.28
10.84
10.22
11.37
13.14
13.56
4.39
5.70%
7.59%
—
5.19
Dividend per sh€
3.64
3.30
3.68
3.32
2.97
2.92
3.14
3.53
3.24
2.93
5.73
(0.26%)
(2.20%)
—
10.50
Div yield (avg)%
14.38
14.35
11.90
9.20
9.82
11.82
9.33
9.66
11.70
11.15
26.84
11.15
11.43
15
21.60
Payout ratio%
14.73
17.08
18.28
19.32
20.80
20.56
23.02
25.54
23.41
24.62
20.40
23.41
20.68
44
23.97
Shares (diluted)M
28.63
30.94
32.13
35.60
33.90
33.63
35.01
32.66
30.27
29.58
24.06
(2.69%)
1.57%
70
21.48
Buyback yield%
9.46
8.26
5.47
3.84
2.51
4.94
4.45
6.00
7.42
5.85
8.65
5.85
5.66
12
0.482
D/E ratiox
0.942
0.926
0.923
0.953
0.987
1.106
1.275
1.224
1.355
1.414
0.927
1.275
1.046
75
167.8
Enterprise value€M
218.6
238.1
223.4
235.8
274.2
311.5
335.4
325.9
372.1
365.3
252.4
5.91%
4.64%
92
172.3
LT debt€M
160.6
169.7
160.7
163.3
161.7
186.0
176.3
187.7
195.9
195.3
48.92
3.85%
3.21%
90
Revenue
€196.7M
7.40%
1.00×
Cost of revenue
€106.4M
7.64%
1.02×
Operating expenses
€42.79M
7.07%
0.97×
Property and equipment
14.15%
Spread over hurdle
(5.18%)