4.305
Revenue€M
1.821
1.959
2.157
2.352
2.510
2.748
2.925
3.187
3.486
3.814
4.566
8.72%
8.64%
80
20.07
Revenue growth%
31.94
32.12
31.41
29.83
30.70
31.75
33.00
35.93
37.76
37.05
4.81
35.93
32.03
6
13.35
Gross margin%
6.72
7.82
7.28
6.35
8.94
10.48
9.40
10.97
13.56
11.49
23.15
10.97
9.17
16
12.75
Operating margin%
23.76
26.47
27.00
28.82
28.79
31.78
32.76
34.06
33.85
36.58
19.80
33.85
30.30
61
2.55
Net margin%
27.86
26.63
23.71
24.32
23.82
22.41
23.81
23.83
25.28
24.90
10.28
23.83
24.07
76
32.62
P/E ratio (avg)x
33.79
33.28
32.07
35.25
37.51
40.76
37.64
33.45
30.24
32.77
22.97
33.45
33.62
43
12.95
EV/EBITx
15.96
16.04
16.21
17.57
16.59
17.20
16.29
14.39
15.09
15.94
18.59
15.94
16.12
95
28.81
FCF yield (avg)%
4.06
2.04
1.14
0.40
1.61
0.41
0.40
0.63
3.53
5.41
14.07
0.63
1.37
91
17.38
FCF margin%
25.51
27.58
26.10
27.29
28.99
28.79
29.74
28.66
29.21
31.99
2.64
29.21
28.72
52
1.082
FCF / Net incomex
1.407
1.229
1.174
1.033
1.048
0.926
0.884
0.969
0.840
0.861
0.881
0.884
1.001
77
13.50
ROIC%
25.42
26.30
27.22
27.75
28.55
30.46
30.81
31.30
32.90
30.41
5.71
30.81
29.48
72
7.22
Return on equity%
10.04
9.56
11.24
13.31
12.98
15.59
15.28
16.57
16.41
18.72
27.90
16.41
14.30
48
8.46
Return on assets%
16.53
18.89
16.01
14.07
16.00
14.11
13.88
11.44
10.67
10.78
18.60
11.44
14.09
38
0.12
EPS€
0.23
0.24
0.23
0.23
0.21
0.20
0.22
0.20
0.19
0.18
0.12
(3.48%)
(2.77%)
—
18.11
EPS growth%
15.02
16.77
15.57
14.30
15.87
15.01
14.20
16.76
19.06
17.36
28.25
16.76
15.72
78
0.20
Bookvalue per sh€
0.25
0.26
0.24
0.21
0.23
0.23
0.25
0.25
0.25
0.26
0.10
2.52%
0.22%
—
0.27
FCF per share€
0.21
0.21
0.22
0.21
0.18
0.16
0.16
0.15
0.17
0.17
0.07
(1.99%)
(2.76%)
—
0.20
Dividend per sh€
0.30
0.32
0.34
0.36
0.37
0.37
0.38
0.38
0.42
0.42
0.21
2.95%
3.88%
—
22.50
Div yield (avg)%
23.77
23.77
25.24
26.60
26.77
27.86
29.15
28.50
26.06
24.96
20.25
27.86
26.33
8
5.83
Payout ratio%
11.78
11.68
9.96
7.93
10.77
9.26
10.24
10.79
13.68
13.43
19.31
10.79
10.78
48
10.02
Shares (diluted)M
20.27
20.59
21.22
21.05
25.14
28.85
31.13
35.94
34.42
34.26
9.811
6.38%
6.89%
44
16.15
Buyback yield%
12.98
10.33
8.88
9.89
9.66
10.87
11.70
10.95
8.00
6.92
5.68
10.87
10.11
8
0.971
D/E ratiox
1.892
1.856
1.797
1.909
1.901
2.176
2.194
2.623
3.087
3.034
1.671
2.623
2.043
87
2.585
Enterprise value€M
1.421
1.470
1.501
1.524
1.458
1.264
1.213
1.115
0.968
0.924
5.015
(8.72%)
(4.51%)
18
4.100
LT debt€M
5.137
5.917
5.721
6.325
6.623
6.418
6.307
6.113
6.973
6.573
4.620
(0.15%)
3.04%
87
Revenue
€3.814M
8.64%
1.00×
Cost of revenue
€1.588M
7.99%
0.94×
Operating expenses
€0.928M
9.03%
1.04×
Goodwill & intangibles
19.51%
Cash and investments
17.50%
Spread over hurdle
22.39%