321.6
Revenue€M
151.5
159.9
169.5
185.6
202.7
218.8
235.3
247.1
265.7
281.0
351.0
6.75%
6.89%
85
12.27
Revenue growth%
9.47
7.19
6.35
4.55
3.27
0.69
0.40
0.40
0.40
0.40
26.04
0.40
1.98
50
2.21
Gross margin%
22.79
22.18
22.23
24.24
23.02
21.72
19.19
19.12
19.19
22.18
6.38
19.19
22.18
12
27.68
Operating margin%
3.21
0.85
1.46
0.40
1.45
2.50
3.74
5.34
3.20
3.03
15.49
3.20
2.77
82
11.21
Net margin%
15.44
15.22
13.35
16.01
16.08
15.19
16.48
15.67
15.48
13.60
25.11
15.48
15.46
34
15.89
P/E ratio (avg)x
17.62
19.39
18.34
17.55
17.16
16.87
17.25
19.39
19.06
18.51
10.19
18.51
17.98
25
23.59
EV/EBITx
48.80
53.72
64.08
67.48
81.04
86.40
85.39
95.01
110.8
120.5
31.60
95.01
83.22
75
6.23
FCF yield (avg)%
24.75
23.72
22.78
24.79
23.43
21.94
19.96
21.09
23.98
25.20
20.56
21.94
23.58
75
7.79
FCF margin%
12.06
11.46
12.69
13.75
16.21
14.90
12.82
14.61
16.61
18.90
11.10
14.90
14.18
35
1.473
FCF / Net incomex
0.847
0.968
1.038
1.152
1.063
1.025
1.052
1.107
1.132
1.275
0.940
1.107
1.057
42
22.53
ROIC%
6.18
5.91
8.56
6.22
4.36
6.86
8.79
6.69
5.33
7.01
29.44
6.86
6.45
41
2.61
Return on equity%
23.35
22.03
24.22
23.49
26.32
26.27
28.57
29.94
29.92
28.05
7.09
28.57
26.30
32
19.50
Return on assets%
29.43
30.71
31.70
31.08
32.30
29.34
28.58
26.79
24.60
23.71
5.91
26.79
29.38
36
0.63
EPS€
0.98
1.03
0.88
0.90
0.84
0.83
0.74
0.64
0.63
0.57
0.67
(7.62%)
(6.75%)
—
23.93
EPS growth%
28.66
29.10
26.80
26.62
24.18
24.64
25.71
22.78
23.03
25.50
14.32
24.64
25.61
39
1.34
Bookvalue per sh€
0.92
0.91
0.80
0.77
0.82
0.74
0.72
0.63
0.55
0.58
1.05
(6.65%)
(4.82%)
—
0.60
FCF per share€
0.52
0.58
0.68
0.79
0.79
0.84
0.96
1.12
1.25
1.29
0.73
10.30%
10.62%
—
0.72
Dividend per sh€
2.08
2.04
2.03
2.09
2.08
2.46
2.87
3.46
3.65
3.68
0.43
12.09%
6.09%
—
2.51
Div yield (avg)%
23.62
26.37
25.84
28.75
27.46
25.52
26.56
28.10
27.02
28.92
27.20
27.02
26.79
75
19.15
Payout ratio%
0.40
2.91
3.06
4.66
4.84
2.07
2.03
4.71
3.25
5.80
13.21
3.25
3.16
17
207.6
Shares (diluted)M
175.5
172.1
150.6
147.8
128.7
126.1
128.3
138.2
134.0
129.8
206.0
0.17%
(3.87%)
42
15.08
Buyback yield%
21.33
19.02
20.14
17.88
14.91
15.87
17.21
19.67
20.60
17.63
6.36
17.63
18.45
6
1.012
D/E ratiox
1.610
1.558
1.452
1.279
1.166
1.164
1.287
1.353
1.294
1.188
1.344
1.287
1.291
93
18.45
Enterprise value€M
412.4
389.8
414.9
461.1
482.4
523.0
575.5
591.6
671.5
707.7
151.6
7.97%
5.55%
77
256.3
LT debt€M
109.6
115.8
138.9
162.4
165.5
180.5
174.2
181.1
202.5
213.9
359.9
5.26%
8.45%
23
Revenue
€281.0M
6.89%
1.00×
Cost of revenue
€196.7M
6.89%
1.00×
Operating expenses
€54.87M
6.05%
0.92×
Cash and investments
14.98%
Spread over hurdle
(3.56%)