449.8
Revenue€M
384.3
402.9
439.3
474.8
507.2
547.1
592.5
631.2
668.8
729.0
474.6
7.52%
7.25%
35
4.26
Revenue growth%
27.54
26.58
24.30
27.07
29.06
30.70
33.07
32.69
30.52
31.97
17.94
31.97
29.79
63
7.88
Gross margin%
23.12
21.72
20.54
19.64
19.61
19.75
19.51
18.59
18.67
19.59
23.69
19.51
19.63
61
13.63
Operating margin%
6.67
6.85
7.46
4.90
3.58
1.58
1.67
4.28
5.35
3.67
4.04
3.67
4.59
44
3.20
Net margin%
12.22
11.02
8.08
5.76
6.75
8.93
11.09
9.29
9.74
10.01
3.27
9.74
9.52
94
32.96
P/E ratio (avg)x
29.95
32.67
36.47
39.64
40.64
45.23
48.95
51.72
61.24
65.14
11.93
51.72
42.94
15
13.85
EV/EBITx
16.65
17.96
17.06
16.18
15.01
14.36
14.83
13.84
12.51
11.36
33.98
13.84
14.92
61
27.04
FCF yield (avg)%
24.90
23.34
23.34
21.46
23.94
21.57
20.36
20.65
21.53
24.20
2.37
21.53
22.45
80
14.88
FCF margin%
7.96
7.98
7.07
6.52
5.61
4.07
3.14
0.80
0.81
0.40
27.61
0.81
4.84
19
1.517
FCF / Net incomex
0.209
0.233
0.240
0.230
0.260
0.274
0.282
0.283
0.291
0.279
1.287
0.282
0.267
38
11.52
ROIC%
17.63
15.53
12.78
15.20
12.98
11.11
10.44
11.79
13.81
13.58
29.41
11.79
13.28
13
28.79
Return on equity%
8.99
11.27
8.96
6.15
4.89
4.44
2.34
0.40
0.40
2.35
15.10
2.34
4.67
84
3.10
Return on assets%
26.54
28.86
27.21
27.92
27.95
27.55
25.98
27.23
26.32
27.27
26.40
27.23
27.25
94
1.40
EPS€
0.51
0.50
0.58
0.65
0.65
0.66
0.69
0.78
0.80
0.83
1.48
4.92%
6.45%
—
18.46
EPS growth%
3.51
0.95
2.27
0.44
0.70
0.40
0.40
0.40
0.40
0.96
17.83
0.40
0.57
56
0.55
Bookvalue per sh€
0.57
0.58
0.65
0.59
0.59
0.63
0.71
0.67
0.65
0.65
1.75
1.97%
1.49%
—
1.39
FCF per share€
0.28
0.32
0.31
0.34
0.38
0.37
0.38
0.42
0.44
0.50
0.90
6.12%
5.37%
—
0.81
Dividend per sh€
0.43
0.43
0.46
0.50
0.47
0.46
0.49
0.53
0.48
0.47
0.25
0.07%
1.80%
—
6.29
Div yield (avg)%
27.68
26.42
27.28
30.23
27.90
29.70
29.22
28.41
29.04
28.28
17.34
29.04
28.34
52
13.28
Payout ratio%
16.55
18.37
20.34
19.06
20.77
18.01
17.96
15.11
14.03
14.23
27.47
15.11
17.98
66
140.7
Shares (diluted)M
195.0
195.4
190.3
177.7
186.6
185.9
195.8
200.0
224.6
220.6
139.8
3.41%
1.63%
44
22.09
Buyback yield%
11.89
11.35
10.16
8.71
11.28
12.00
9.97
10.54
9.08
10.60
23.73
10.54
10.57
72
0.127
D/E ratiox
1.619
1.547
1.543
1.777
1.848
1.744
1.758
1.974
2.070
2.375
1.583
1.974
1.768
65
393.3
Enterprise value€M
253.2
247.7
233.8
213.7
223.7
241.2
269.9
277.7
284.7
300.1
497.7
6.05%
1.38%
14
46.79
LT debt€M
378.0
425.0
493.7
467.0
452.9
501.6
504.9
493.3
570.7
637.7
48.79
7.08%
5.20%
66
Revenue
€729.0M
7.25%
1.00×
Cost of revenue
€510.3M
7.25%
1.00×
Operating expenses
€139.4M
6.69%
0.95×
Spread over hurdle
(4.56%)