40.77
Revenue€M
222.5
240.3
256.5
276.3
296.1
325.7
352.6
386.0
421.5
465.6
42.80
9.47%
8.40%
67
17.58
Revenue growth%
4.92
3.23
0.40
0.40
0.40
0.40
2.11
0.40
0.77
2.85
8.73
0.77
0.58
17
5.62
Gross margin%
4.72
3.84
4.58
3.50
6.33
3.72
2.88
3.45
2.22
3.51
12.88
3.45
3.61
85
20.12
Operating margin%
9.78
10.88
13.17
12.96
11.81
12.10
10.64
7.97
9.69
12.60
8.38
10.64
11.34
53
27.53
Net margin%
7.41
9.66
12.48
11.91
11.26
9.33
11.36
14.32
12.88
13.03
5.61
12.88
11.64
38
13.84
P/E ratio (avg)x
26.73
30.56
34.54
39.38
37.74
40.41
40.68
40.36
42.65
45.84
31.13
40.68
39.87
70
37.82
EV/EBITx
20.68
20.05
20.07
18.87
18.69
19.17
17.77
17.21
17.92
19.73
35.04
17.92
19.02
71
25.64
FCF yield (avg)%
8.38
10.26
12.58
12.24
13.98
14.13
12.97
11.07
9.01
11.03
20.80
11.07
11.66
24
29.45
FCF margin%
9.08
8.97
11.24
12.23
12.43
11.42
9.46
8.11
9.44
9.98
6.25
9.46
9.72
41
1.468
FCF / Net incomex
0.633
0.553
0.503
0.534
0.489
0.515
0.490
0.477
0.419
0.363
0.129
0.477
0.496
42
21.42
ROIC%
26.46
26.90
27.72
28.99
27.84
28.95
29.97
30.62
33.18
30.24
3.76
30.24
28.97
75
9.36
Return on equity%
30.36
27.51
25.18
24.22
22.23
19.53
17.94
18.79
17.59
18.56
22.74
18.56
20.88
27
9.38
Return on assets%
8.65
7.87
9.29
12.25
11.88
10.03
10.24
10.41
11.72
8.83
5.72
10.24
10.14
75
0.20
EPS€
0.28
0.30
0.26
0.25
0.23
0.25
0.26
0.24
0.22
0.24
0.23
0.45%
(2.80%)
—
8.87
EPS growth%
12.76
15.10
17.49
15.87
15.00
15.56
18.01
15.65
13.03
11.32
15.01
15.56
15.33
39
0.38
Bookvalue per sh€
0.54
0.49
0.47
0.49
0.48
0.44
0.50
0.55
0.53
0.56
0.55
3.15%
1.52%
—
0.31
FCF per share€
0.39
0.43
0.40
0.37
0.34
0.35
0.32
0.34
0.37
0.41
0.20
3.71%
(0.64%)
—
0.12
Dividend per sh€
0.36
0.35
0.36
0.32
0.29
0.29
0.27
0.25
0.24
0.23
0.35
(4.47%)
(4.80%)
—
3.16
Div yield (avg)%
29.01
29.49
30.20
33.09
30.13
32.38
31.64
33.06
32.65
30.38
21.85
32.38
31.01
12
15.04
Payout ratio%
0.40
0.40
0.40
0.40
1.15
0.40
2.16
0.95
2.62
2.66
29.66
2.16
0.67
53
199.7
Shares (diluted)M
215.5
232.6
270.6
269.3
306.8
351.1
342.5
376.8
439.0
419.5
207.0
6.46%
7.71%
60
2.38
Buyback yield%
11.63
9.39
11.27
10.05
9.60
7.69
9.35
9.42
12.29
10.90
27.92
9.42
9.82
11
1.719
D/E ratiox
0.219
0.228
0.243
0.261
0.247
0.221
0.219
0.223
0.224
0.244
0.558
0.223
0.226
54
179.1
Enterprise value€M
246.3
219.3
213.7
204.3
216.0
214.9
222.8
208.5
227.5
208.9
496.4
(0.67%)
(0.55%)
13
470.5
LT debt€M
48.63
50.50
56.22
66.14
69.67
77.44
76.93
91.05
102.6
111.0
44.32
9.75%
8.53%
42
Revenue
€465.6M
8.40%
1.00×
Cost of revenue
€325.9M
8.40%
1.00×
Operating expenses
€95.25M
8.63%
1.02×
Property and equipment
16.59%
Cash and investments
14.79%
Spread over hurdle
(3.21%)