312.9
Revenue€M
232.2
242.3
257.0
263.5
271.0
289.0
303.8
321.8
331.6
353.4
330.2
5.45%
4.50%
77
20.94
Revenue growth%
9.52
11.27
11.57
10.58
10.38
9.60
7.57
6.88
5.07
6.29
20.09
6.88
9.56
70
27.14
Gross margin%
21.86
19.17
20.04
19.38
16.45
15.45
15.74
14.26
15.53
17.23
17.11
15.53
16.84
19
26.15
Operating margin%
21.60
21.17
23.04
23.92
26.59
23.85
21.90
22.86
20.87
20.66
10.58
21.90
22.38
91
26.60
Net margin%
17.96
16.54
14.48
15.68
13.43
13.46
12.49
9.64
8.83
6.15
22.82
9.64
13.45
77
8.189
P/E ratio (avg)x
41.45
44.69
45.16
47.15
45.92
43.35
43.69
42.34
46.92
48.23
9.672
43.69
44.92
87
33.42
EV/EBITx
20.78
20.90
22.24
26.57
30.76
34.61
37.10
38.79
46.32
51.35
8.165
38.79
32.69
27
3.97
FCF yield (avg)%
8.70
7.95
10.91
10.98
12.70
13.56
15.47
18.31
18.45
18.19
18.98
18.19
13.13
6
19.83
FCF margin%
21.66
23.01
20.13
20.06
17.52
17.90
15.68
16.01
17.63
19.57
25.78
17.63
18.73
71
0.796
FCF / Net incomex
1.124
1.138
1.115
1.139
1.248
1.202
1.247
1.410
1.371
1.489
1.448
1.371
1.225
70
7.76
ROIC%
13.94
15.80
16.70
15.23
12.46
11.60
9.76
12.29
10.48
12.86
20.41
11.60
12.66
29
22.54
Return on equity%
25.80
26.11
24.58
24.19
25.80
25.03
27.48
26.21
24.15
25.91
15.28
25.91
25.80
93
9.94
Return on assets%
13.62
14.75
17.28
15.28
13.59
13.79
14.46
16.08
17.31
19.54
16.87
16.08
15.01
39
1.98
EPS€
10.82
11.52
11.71
12.87
15.49
18.30
18.98
19.65
21.32
25.04
2.13
10.09%
9.85%
—
25.97
EPS growth%
34.27
31.83
33.91
33.35
36.35
36.45
33.88
31.56
30.35
30.99
26.73
31.56
33.61
56
4.83
Bookvalue per sh€
6.88
6.40
6.23
6.06
5.53
5.62
6.46
6.08
6.65
6.65
1.56
3.73%
0.27%
—
6.21
FCF per share€
2.27
2.22
2.46
2.59
2.90
3.06
3.29
3.45
3.83
3.47
5.31
3.65%
5.10%
—
3.96
Dividend per sh€
6.45
5.65
5.20
4.81
4.80
4.17
3.96
4.24
4.42
4.15
4.17
(2.84%)
(5.47%)
—
20.19
Div yield (avg)%
16.11
17.74
19.71
19.09
21.15
23.30
20.40
23.38
25.43
24.09
9.26
23.38
20.78
75
9.11
Payout ratio%
30.50
32.62
34.74
35.81
34.68
36.68
39.09
38.00
38.67
39.85
11.80
38.67
36.24
28
34.92
Shares (diluted)M
26.43
28.45
29.32
27.67
24.56
23.44
22.40
23.04
23.30
22.65
34.85
(1.60%)
(2.42%)
52
29.67
Buyback yield%
2.61
0.40
1.05
0.40
0.40
0.93
1.27
3.62
0.82
0.40
22.72
0.93
0.88
80
0.109
D/E ratiox
1.872
1.729
1.816
1.951
2.137
2.278
2.092
2.186
2.074
2.076
0.547
2.092
2.075
25
342.8
Enterprise value€M
256.4
302.5
320.5
308.0
340.8
325.1
346.8
372.6
425.5
451.1
17.77
5.77%
5.56%
91
45.37
LT debt€M
146.1
136.4
125.3
116.2
115.7
117.9
109.1
103.0
119.1
118.6
231.6
0.50%
(0.65%)
48
Revenue
€353.4M
4.50%
1.00×
Cost of revenue
€162.6M
4.15%
0.97×
Operating expenses
€87.23M
4.71%
1.02×
Cash and investments
17.40%
Spread over hurdle
75.95%