115.4
Revenue€M
199.0
209.1
216.7
221.9
228.9
241.0
246.9
256.0
273.5
285.0
126.3
4.48%
3.95%
83
17.92
Revenue growth%
27.17
29.49
26.53
26.18
24.03
23.97
25.78
24.76
22.45
21.44
22.03
23.97
25.27
45
11.69
Gross margin%
14.68
12.82
10.22
12.83
14.02
14.51
15.62
16.94
18.53
20.17
19.75
16.94
14.60
40
5.15
Operating margin%
14.20
15.72
14.32
14.10
14.15
14.67
12.82
10.68
9.53
9.00
29.52
10.68
14.13
75
14.89
Net margin%
17.17
19.44
18.48
16.32
17.60
19.05
16.77
18.08
16.73
16.39
9.53
16.77
17.38
75
7.008
P/E ratio (avg)x
17.84
18.42
20.09
21.35
21.97
25.20
29.74
29.44
29.64
29.38
10.31
29.44
23.58
54
24.83
EV/EBITx
32.93
33.69
32.09
37.51
36.67
36.18
34.53
36.63
41.90
48.01
13.99
36.63
36.40
79
28.60
FCF yield (avg)%
3.72
0.95
0.40
0.40
0.40
0.40
2.68
1.68
0.40
0.40
18.59
0.40
0.40
79
12.36
FCF margin%
25.53
26.59
25.16
27.54
28.49
28.58
30.45
29.97
30.28
28.60
14.19
29.97
28.53
20
1.702
FCF / Net incomex
2.568
2.983
2.983
3.571
4.027
4.014
4.282
4.251
4.515
5.427
1.034
4.282
4.021
76
4.91
ROIC%
12.42
11.18
12.51
13.12
10.96
8.69
8.16
6.40
4.45
6.75
6.87
6.75
9.83
60
18.94
Return on equity%
21.69
19.38
22.14
24.23
24.31
25.79
27.93
28.50
28.36
27.63
6.42
27.93
25.05
41
5.63
Return on assets%
15.49
12.86
10.23
7.55
7.14
9.34
10.10
8.13
9.88
8.59
5.05
9.34
9.61
94
10.57
EPS€
16.34
19.06
19.81
22.46
22.93
24.43
23.98
27.69
28.05
30.30
10.94
5.73%
6.45%
—
19.15
EPS growth%
19.37
21.92
22.63
24.34
24.25
23.76
24.23
21.26
23.53
20.73
9.06
23.53
23.08
49
1.96
Bookvalue per sh€
9.09
10.28
9.59
10.37
11.94
12.99
11.95
13.46
13.00
14.67
11.21
4.21%
4.22%
—
6.12
FCF per share€
4.61
4.60
4.82
5.71
6.06
7.04
6.87
8.14
8.68
10.46
7.79
11.54%
9.07%
—
6.15
Dividend per sh€
5.96
6.19
5.66
6.09
6.43
7.03
7.54
7.61
7.64
8.47
3.32
5.67%
3.88%
—
2.07
Div yield (avg)%
21.90
22.09
21.87
21.41
22.52
19.88
22.81
20.25
21.11
21.24
22.05
21.11
21.64
74
6.12
Payout ratio%
11.13
10.15
8.75
11.30
12.57
14.75
15.56
14.24
12.28
9.67
20.55
14.24
11.79
7
12.76
Shares (diluted)M
10.97
11.57
12.29
12.28
12.92
11.12
9.470
10.15
9.293
9.642
12.29
(5.69%)
(2.70%)
67
26.85
Buyback yield%
0.47
0.40
2.41
3.65
2.82
0.68
3.09
1.28
4.07
1.49
18.60
1.49
1.95
70
0.945
D/E ratiox
0.386
0.337
0.297
0.269
0.260
0.243
0.213
0.203
0.218
0.207
1.264
0.213
0.252
52
162.2
Enterprise value€M
150.8
134.3
121.6
133.9
136.3
132.5
135.4
122.8
111.0
99.12
141.0
(6.17%)
(4.60%)
57
53.96
LT debt€M
139.2
153.8
180.1
173.6
195.8
195.3
227.9
242.0
269.3
313.1
15.53
9.85%
8.46%
80
Revenue
€285.0M
3.95%
1.00×
Cost of revenue
€199.5M
3.95%
1.00×
Operating expenses
€61.23M
3.90%
1.00×
Spread over hurdle
(5.03%)