365.4
Revenue€M
349.1
368.3
376.1
394.1
400.1
425.1
442.7
453.1
481.8
495.0
383.3
4.35%
4.01%
84
7.22
Revenue growth%
10.70
13.02
13.87
13.50
14.14
15.59
14.06
13.79
13.80
12.71
18.07
13.80
13.79
15
19.51
Gross margin%
13.02
11.17
9.39
6.60
4.50
2.80
1.63
0.73
0.40
2.67
15.18
1.63
3.65
81
18.79
Operating margin%
21.42
24.33
23.26
23.23
24.65
24.28
22.98
24.03
22.56
23.43
27.87
23.43
23.35
18
21.54
Net margin%
18.55
18.46
17.22
15.80
14.27
11.72
12.30
11.06
10.11
9.27
8.31
11.06
13.29
49
34.50
P/E ratio (avg)x
32.45
37.11
37.71
37.00
37.71
39.19
44.25
44.47
43.93
45.31
23.56
44.25
38.45
65
24.09
EV/EBITx
34.86
32.42
29.12
28.05
28.49
26.63
28.72
26.26
28.98
26.93
31.05
26.93
28.61
40
12.98
FCF yield (avg)%
18.44
19.95
18.31
21.25
21.71
21.07
20.62
20.35
18.50
19.23
2.93
20.35
20.15
83
2.67
FCF margin%
32.41
34.96
37.60
36.85
38.80
38.00
36.82
38.89
40.66
41.76
27.64
38.89
37.80
66
0.455
FCF / Net incomex
0.258
0.292
0.322
0.376
0.401
0.419
0.426
0.503
0.584
0.597
1.095
0.503
0.410
19
27.50
ROIC%
2.83
2.45
5.19
4.93
7.12
9.10
9.07
8.52
6.57
9.19
11.79
9.07
6.84
17
14.50
Return on equity%
7.93
5.88
8.17
10.80
11.96
10.65
11.66
13.52
15.93
12.96
5.94
12.96
11.23
88
5.73
Return on assets%
3.14
3.64
1.04
0.40
2.35
0.40
0.40
0.64
0.40
3.30
16.67
0.40
0.84
22
6.82
EPS€
3.60
3.85
4.09
3.63
3.24
3.54
3.63
3.70
3.61
3.82
7.24
3.38%
(0.53%)
—
17.05
EPS growth%
17.94
14.98
13.84
12.21
12.95
13.50
11.19
10.46
10.08
11.33
29.10
11.19
12.58
27
3.10
Bookvalue per sh€
7.58
8.54
9.83
11.15
13.37
15.02
15.06
16.91
17.48
20.20
2.97
8.61%
10.59%
—
2.29
FCF per share€
1.88
2.04
1.94
1.98
2.12
2.31
2.43
2.68
2.79
3.18
7.20
8.45%
6.72%
—
8.26
Dividend per sh€
6.76
7.76
9.13
10.56
10.62
11.46
12.61
13.29
12.97
14.87
6.20
6.96%
9.56%
—
8.73
Div yield (avg)%
26.10
23.87
23.75
24.46
22.94
21.05
21.56
20.62
21.56
20.40
5.55
21.05
22.25
19
8.05
Payout ratio%
25.90
24.43
24.04
22.10
21.34
19.92
22.48
19.66
20.11
20.46
25.71
20.11
21.72
25
63.00
Shares (diluted)M
74.16
67.22
72.34
69.99
75.07
74.47
72.54
71.06
71.59
68.63
63.59
(1.78%)
(0.88%)
82
15.12
Buyback yield%
20.01
17.22
19.00
17.66
19.89
21.90
20.21
18.77
16.40
17.11
17.40
18.77
18.89
11
0.813
D/E ratiox
0.565
0.645
0.667
0.655
0.602
0.638
0.705
0.721
0.800
0.791
1.346
0.721
0.661
93
220.9
Enterprise value€M
254.6
270.6
254.9
281.7
292.4
294.2
322.7
330.4
352.3
367.7
374.2
4.69%
3.22%
87
465.5
LT debt€M
246.4
228.1
244.1
267.7
275.7
280.0
286.5
309.3
310.6
267.0
114.7
(0.64%)
(0.05%)
55
Revenue
€495.0M
4.01%
1.00×
Cost of revenue
€336.3M
4.09%
1.01×
Operating expenses
€94.71M
3.37%
0.94×
Goodwill & intangibles
17.40%
Spread over hurdle
25.34%