88.78
Revenue€M
46.72
50.56
54.46
58.79
63.28
67.55
72.43
79.33
86.49
95.02
99.11
8.47%
8.37%
60
17.55
Revenue growth%
15.79
13.08
12.65
13.75
15.43
16.05
16.53
17.68
15.92
15.81
12.38
16.05
15.80
89
3.79
Gross margin%
20.31
19.37
17.76
14.87
13.10
10.92
8.18
7.93
7.87
9.66
29.45
8.18
12.01
71
23.32
Operating margin%
23.51
24.17
22.99
22.61
25.41
23.21
22.47
19.73
17.86
14.97
4.64
19.73
22.80
83
16.01
Net margin%
23.34
20.45
20.07
19.97
19.72
19.09
18.75
16.99
16.35
18.35
5.41
18.35
19.41
30
16.62
P/E ratio (avg)x
18.93
21.69
22.63
21.67
23.68
25.75
27.82
28.58
26.85
30.88
28.79
27.82
24.72
53
33.39
EV/EBITx
17.38
16.30
15.67
17.45
19.25
20.69
19.78
20.23
20.84
22.40
22.47
20.69
19.52
21
13.92
FCF yield (avg)%
21.35
23.19
24.83
27.09
29.70
27.78
28.63
27.73
30.03
27.42
25.35
27.78
27.58
17
25.00
FCF margin%
13.12
13.95
14.31
13.64
14.02
11.27
11.89
10.86
10.23
10.52
22.41
10.86
12.50
49
1.122
FCF / Net incomex
0.519
0.508
0.494
0.572
0.651
0.745
0.869
0.930
1.030
1.125
0.302
0.930
0.698
80
17.20
ROIC%
2.71
3.03
2.48
3.33
4.37
7.32
5.37
7.51
7.39
8.09
8.32
7.39
4.87
64
26.50
Return on equity%
10.89
11.05
13.04
14.89
14.28
13.76
13.10
11.47
14.14
13.12
8.27
13.12
13.11
85
25.99
Return on assets%
26.62
25.42
23.19
21.63
19.90
20.86
20.85
23.74
26.17
23.33
28.07
23.33
23.26
58
0.12
EPS€
0.38
0.36
0.39
0.41
0.38
0.39
0.38
0.39
0.37
0.34
0.13
(2.17%)
(0.61%)
—
13.10
EPS growth%
21.90
20.47
20.58
22.73
23.92
24.44
26.00
27.46
27.68
25.52
27.08
26.00
24.18
90
0.32
Bookvalue per sh€
0.07
0.08
0.08
0.09
0.09
0.09
0.09
0.09
0.08
0.08
0.16
(1.33%)
2.55%
—
0.29
FCF per share€
0.52
0.62
0.70
0.73
0.70
0.74
0.82
0.98
1.11
1.13
0.14
9.96%
7.56%
—
0.18
Dividend per sh€
0.26
0.25
0.26
0.30
0.32
0.35
0.40
0.42
0.43
0.45
0.40
7.22%
6.46%
—
2.78
Div yield (avg)%
0.40
0.40
0.40
0.40
2.72
0.67
2.03
2.18
2.71
5.23
5.33
2.18
1.35
42
27.92
Payout ratio%
9.06
8.35
7.66
8.70
8.92
8.87
9.73
11.86
10.50
7.85
10.21
9.73
8.89
76
186.9
Shares (diluted)M
314.8
352.4
375.2
369.3
400.6
438.9
505.1
527.5
603.6
592.6
184.1
8.15%
8.03%
51
15.57
Buyback yield%
19.32
17.91
16.36
18.02
19.35
16.43
16.02
15.04
13.81
12.79
27.06
15.04
16.39
55
1.484
D/E ratiox
0.896
0.817
0.890
0.783
0.688
0.626
0.543
0.514
0.487
0.436
0.414
0.514
0.657
38
97.90
Enterprise value€M
67.34
75.43
87.57
96.96
104.5
103.6
115.7
130.4
140.4
139.0
60.65
5.87%
7.43%
48
87.86
LT debt€M
12.32
12.53
11.12
12.27
11.65
11.68
10.78
11.89
11.38
10.40
96.39
(2.24%)
(2.15%)
73
Revenue
€95.02M
8.37%
1.00×
Cost of revenue
€64.51M
8.46%
1.01×
Operating expenses
€21.93M
8.05%
0.97×
Spread over hurdle
(4.00%)