6.400
Revenue€M
3.366
3.597
3.786
4.148
4.446
4.679
5.089
5.537
5.999
6.504
7.117
7.90%
7.64%
26
4.97
Revenue growth%
20.32
18.66
17.46
19.16
21.63
23.94
24.20
22.35
19.82
17.19
16.84
22.35
20.07
41
13.39
Gross margin%
21.87
23.48
25.51
26.82
29.66
27.51
26.58
25.91
24.20
21.94
12.79
25.91
25.71
14
12.64
Operating margin%
23.98
23.26
24.35
26.47
29.18
28.53
27.24
28.03
30.50
28.47
22.68
28.47
27.64
28
5.25
Net margin%
13.84
12.28
11.58
9.41
8.90
8.23
10.95
11.77
10.74
9.67
5.80
10.74
10.85
22
31.76
P/E ratio (avg)x
39.71
40.30
45.06
47.62
46.19
45.09
53.89
63.05
72.90
80.45
33.05
63.05
46.91
29
11.20
EV/EBITx
35.95
35.48
36.96
37.63
41.51
45.92
52.84
52.96
58.16
63.73
19.65
52.96
43.71
45
11.98
FCF yield (avg)%
14.72
14.78
14.19
13.44
14.30
15.45
13.92
15.62
15.78
13.17
25.38
15.45
14.51
52
21.55
FCF margin%
16.99
16.44
14.81
16.06
16.44
16.64
15.32
16.94
19.17
20.83
17.64
16.94
16.54
14
0.317
FCF / Net incomex
1.315
1.336
1.404
1.473
1.692
1.631
1.591
1.518
1.645
1.582
1.410
1.591
1.550
31
9.96
ROIC%
19.41
19.77
21.87
19.33
19.72
20.43
18.73
15.83
15.51
13.82
17.35
15.83
19.37
71
10.67
Return on equity%
7.37
9.23
8.56
9.37
7.15
7.25
9.62
8.93
8.93
8.61
15.89
8.93
8.77
54
16.92
Return on assets%
15.39
14.91
16.22
17.96
15.32
18.27
16.97
18.09
15.93
18.13
21.71
18.09
16.59
54
0.14
EPS€
0.07
0.06
0.06
0.07
0.07
0.07
0.06
0.07
0.07
0.07
0.15
(2.70%)
(0.24%)
—
8.99
EPS growth%
6.37
7.68
8.61
7.31
5.24
6.44
5.00
3.73
2.14
0.40
13.94
3.73
5.80
20
0.22
Bookvalue per sh€
0.11
0.12
0.12
0.13
0.13
0.13
0.16
0.17
0.19
0.21
0.20
9.86%
8.67%
—
0.04
FCF per share€
0.13
0.14
0.16
0.17
0.19
0.20
0.19
0.21
0.22
0.23
0.19
4.43%
5.10%
—
0.26
Dividend per sh€
0.20
0.22
0.21
0.23
0.22
0.22
0.22
0.25
0.25
0.23
0.18
0.87%
1.13%
—
29.63
Div yield (avg)%
7.33
7.44
9.19
11.28
9.70
7.74
6.73
7.30
9.01
8.51
11.89
7.74
8.13
58
13.92
Payout ratio%
8.91
9.22
9.04
7.60
5.88
3.06
5.86
8.64
11.22
12.89
22.43
8.64
8.77
19
13.69
Shares (diluted)M
20.87
23.49
26.56
28.11
27.73
32.55
38.43
38.00
36.56
42.31
14.15
8.82%
8.45%
56
12.38
Buyback yield%
3.33
1.26
0.40
0.40
0.40
1.76
0.46
2.32
5.07
2.76
21.45
2.32
1.51
20
0.664
D/E ratiox
2.102
2.488
2.642
3.079
3.400
3.931
3.777
4.418
5.190
5.631
1.556
4.418
3.588
41
2.321
Enterprise value€M
1.121
1.219
1.207
1.331
1.281
1.307
1.386
1.479
1.710
1.727
1.212
6.16%
4.07%
42
1.267
LT debt€M
0.463
0.533
0.620
0.683
0.659
0.652
0.684
0.762
0.753
0.856
2.819
5.36%
6.98%
90
Revenue
€6.504M
7.64%
1.00×
Cost of revenue
€3.672M
7.56%
0.99×
Operating expenses
€1.068M
8.36%
1.07×
Goodwill & intangibles
16.67%
Cash and investments
16.59%
Spread over hurdle
17.41%