2.369
Revenue€M
3.438
3.616
3.755
3.960
4.082
4.305
4.499
4.624
4.887
4.975
2.487
4.04%
4.06%
25
18.60
Revenue growth%
0.40
0.40
1.88
4.77
5.92
3.27
3.06
3.93
3.09
1.52
11.98
3.09
3.08
25
13.71
Gross margin%
20.77
19.93
17.99
20.12
21.68
20.31
18.74
21.27
22.77
25.06
13.21
21.27
20.54
70
28.70
Operating margin%
10.59
11.52
10.62
9.25
10.28
12.45
12.40
13.18
10.59
12.35
21.27
12.40
11.07
64
13.75
Net margin%
9.62
9.82
10.83
10.47
9.38
10.10
8.24
5.48
3.29
0.88
23.09
5.48
9.50
39
16.93
P/E ratio (avg)x
16.15
18.46
19.97
20.48
22.66
24.18
25.60
28.81
27.04
30.33
21.87
27.04
23.42
92
32.16
EV/EBITx
25.58
25.64
26.11
26.58
26.29
24.21
21.95
20.95
19.45
17.59
36.13
20.95
24.89
12
10.76
FCF yield (avg)%
7.72
10.64
12.62
15.35
14.21
15.61
16.64
18.05
15.84
13.52
18.08
15.84
14.78
35
26.42
FCF margin%
9.55
11.05
8.27
8.07
7.64
8.22
6.89
3.95
6.91
5.87
13.81
6.89
7.86
28
1.774
FCF / Net incomex
0.947
1.011
1.046
1.144
1.296
1.471
1.509
1.458
1.522
1.610
0.950
1.509
1.377
16
24.47
ROIC%
6.16
8.84
9.52
9.72
12.72
12.71
14.26
13.32
15.92
16.18
21.99
14.26
12.72
41
18.56
Return on equity%
3.65
2.21
4.38
6.62
6.00
5.78
4.85
7.52
9.66
10.02
26.34
7.52
5.89
67
18.41
Return on assets%
7.44
5.72
8.46
7.66
7.20
7.21
6.00
6.85
4.25
3.89
19.12
6.00
7.03
81
0.18
EPS€
0.10
0.09
0.09
0.09
0.11
0.11
0.11
0.09
0.09
0.09
0.20
(2.20%)
0.05%
—
9.11
EPS growth%
25.01
26.76
26.20
23.70
26.11
27.98
26.79
25.83
24.73
22.28
25.56
25.83
25.97
62
0.09
Bookvalue per sh€
0.10
0.11
0.11
0.11
0.12
0.14
0.14
0.14
0.13
0.13
0.06
1.32%
2.78%
—
0.22
FCF per share€
0.17
0.19
0.21
0.20
0.22
0.22
0.26
0.28
0.27
0.30
0.18
7.06%
6.44%
—
0.09
Dividend per sh€
0.24
0.28
0.28
0.30
0.34
0.34
0.34
0.37
0.43
0.48
0.17
7.47%
8.52%
—
19.93
Div yield (avg)%
23.08
25.77
23.56
22.22
22.80
21.92
21.50
24.31
26.92
27.79
21.36
24.31
23.32
65
4.23
Payout ratio%
12.65
12.45
10.63
10.95
10.53
8.12
8.93
6.37
4.74
4.62
2.42
6.37
9.73
65
5.197
Shares (diluted)M
7.098
7.774
8.365
9.538
9.391
9.786
10.35
12.18
13.28
15.85
5.291
11.04%
8.37%
28
25.73
Buyback yield%
13.37
13.60
13.85
14.83
16.34
13.51
15.91
14.11
14.53
17.11
27.41
14.53
14.32
78
0.986
D/E ratiox
2.397
2.359
2.694
3.050
3.269
3.338
3.701
4.281
4.878
5.787
0.314
4.281
3.304
48
1.812
Enterprise value€M
1.434
1.630
1.737
1.879
1.836
2.101
2.404
2.369
2.417
2.544
3.102
6.73%
7.34%
11
2.850
LT debt€M
2.099
1.954
1.977
2.053
2.144
1.949
1.818
1.921
1.888
1.874
1.448
(2.66%)
(1.55%)
51
Revenue
€4.975M
4.06%
1.00×
Cost of revenue
€3.483M
4.06%
1.00×
Operating expenses
€1.034M
4.09%
1.00×
Cash and investments
15.90%
Spread over hurdle
10.67%