1.265
Revenue€M
1.069
1.148
1.227
1.302
1.388
1.482
1.561
1.676
1.801
1.889
1.396
6.36%
6.63%
42
14.72
Revenue growth%
9.47
10.35
10.06
11.26
11.41
13.19
13.93
15.90
13.01
14.80
18.22
13.93
12.21
65
9.07
Gross margin%
21.15
19.70
19.60
17.60
16.97
14.80
13.03
12.46
13.43
14.99
24.10
13.43
15.98
37
17.38
Operating margin%
19.00
17.96
19.23
21.34
20.57
21.58
18.93
18.50
18.46
20.77
25.42
18.93
19.12
39
16.07
Net margin%
3.04
3.05
1.05
0.90
3.71
0.83
0.40
0.40
1.59
0.40
4.27
0.40
0.97
65
12.76
P/E ratio (avg)x
22.34
21.99
23.96
24.81
27.97
27.83
28.69
28.10
29.35
30.49
34.54
28.69
27.90
62
20.57
EV/EBITx
8.216
9.158
9.689
9.295
9.123
10.40
10.51
11.63
12.61
14.65
33.54
11.63
10.04
71
22.90
FCF yield (avg)%
1.73
0.63
2.26
2.43
5.00
5.13
6.72
4.29
1.58
2.69
12.31
4.29
2.56
70
10.03
FCF margin%
19.88
17.04
15.51
17.09
15.29
15.06
14.20
15.23
16.02
17.61
4.73
15.23
15.77
11
0.125
FCF / Net incomex
0.214
0.206
0.226
0.258
0.248
0.291
0.314
0.316
0.369
0.434
1.245
0.316
0.275
14
21.61
ROIC%
13.41
13.05
10.51
10.00
10.44
12.71
10.18
9.95
7.88
6.00
26.56
9.95
10.31
71
12.81
Return on equity%
13.87
13.56
10.61
8.25
8.37
7.13
4.56
3.85
5.31
7.10
29.91
5.31
7.69
37
6.64
Return on assets%
7.17
5.99
4.58
5.54
8.34
7.22
9.05
9.83
6.87
9.28
19.31
9.05
7.20
10
0.01
EPS€
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.88%
(1.32%)
—
28.69
EPS growth%
22.13
19.59
20.48
20.74
19.30
19.18
16.97
14.46
11.94
13.78
14.01
14.46
19.24
83
—
Bookvalue per sh€
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.25%
1.27%
—
—
FCF per share€
0.01
0.01
—
—
—
—
—
—
—
—
—
(3.95%)
(4.71%)
—
0.01
Dividend per sh€
—
—
—
—
—
—
—
—
—
—
—
0.70%
2.00%
—
27.59
Div yield (avg)%
26.19
25.29
22.79
21.47
20.84
22.00
23.75
22.74
20.57
19.98
18.04
22.00
22.37
48
15.00
Payout ratio%
9.37
7.45
6.81
5.43
5.18
5.46
6.56
7.53
9.31
7.20
14.02
7.20
7.00
61
107.7
Shares (diluted)M
146.5
151.8
164.1
180.1
210.4
222.3
261.1
267.8
312.1
355.1
110.2
11.03%
9.04%
63
10.51
Buyback yield%
17.62
20.19
21.05
22.49
24.51
26.73
29.05
26.87
26.37
25.21
20.97
26.73
24.86
21
1.212
D/E ratiox
1.278
1.370
1.553
1.802
1.859
1.857
1.853
1.972
2.205
2.529
0.542
1.972
1.855
30
0.498
Enterprise value€M
1.703
2.015
2.087
2.459
2.533
2.513
3.014
3.284
3.526
4.133
0.559
10.29%
11.01%
20
0.161
LT debt€M
0.400
0.381
0.398
0.435
0.487
0.480
0.534
0.596
0.613
0.604
0.440
4.41%
3.88%
57
Revenue
€1.889M
6.63%
1.00×
Cost of revenue
€1.166M
6.71%
1.01×
Operating expenses
€0.404M
6.21%
0.96×
Cash and investments
17.10%
Spread over hurdle
65.89%