76.55
Revenue€M
126.0
133.4
141.6
149.5
159.7
173.2
187.6
201.4
212.6
224.4
79.92
7.03%
6.55%
32
12.64
Revenue growth%
11.70
8.76
6.90
9.61
9.61
8.55
7.75
9.99
8.39
10.24
4.44
8.55
9.18
90
20.83
Gross margin%
35.13
32.17
30.01
28.90
27.48
26.48
28.68
31.26
30.36
27.65
2.43
28.68
29.45
82
6.20
Operating margin%
21.76
20.87
20.24
22.48
23.59
21.83
21.37
18.52
17.30
17.33
17.49
18.52
21.12
78
10.47
Net margin%
7.79
9.48
11.71
10.91
11.39
9.02
7.35
7.29
5.85
3.97
25.35
7.29
8.41
75
16.93
P/E ratio (avg)x
15.89
13.67
13.48
14.06
12.02
11.21
11.56
10.38
11.10
9.446
33.67
11.10
11.79
81
34.66
EV/EBITx
13.05
12.19
11.34
12.60
13.83
14.91
14.67
15.09
16.40
16.03
34.97
15.09
14.25
48
13.24
FCF yield (avg)%
33.06
32.31
30.92
32.55
35.46
35.57
38.09
39.74
41.66
43.68
13.50
39.74
35.52
68
18.26
FCF margin%
10.92
10.69
13.41
12.92
12.49
10.78
9.37
6.81
8.17
6.74
23.33
8.17
10.73
49
1.642
FCF / Net incomex
2.217
2.229
2.409
2.346
2.531
2.738
3.072
3.556
3.589
3.572
1.021
3.556
2.634
82
16.79
ROIC%
21.30
22.56
20.63
23.45
25.91
28.34
30.37
30.07
30.38
31.97
2.14
30.37
27.12
18
22.70
Return on equity%
10.64
10.74
11.63
8.96
6.88
4.92
2.68
3.03
3.50
4.59
17.28
3.50
5.90
51
20.38
Return on assets%
35.25
36.04
38.62
41.21
44.11
43.02
40.74
39.48
39.77
42.62
17.04
40.74
40.25
29
0.22
EPS€
1.06
1.13
1.24
1.16
1.25
1.37
1.35
1.20
1.08
1.11
0.25
(2.37%)
0.51%
—
16.60
EPS growth%
3.55
5.54
3.19
0.81
0.40
3.37
0.41
0.40
0.40
1.58
29.90
0.41
1.20
7
1.00
Bookvalue per sh€
2.21
2.51
2.38
2.51
2.41
2.77
2.81
2.94
2.76
2.95
1.51
4.13%
4.38%
—
1.53
FCF per share€
0.61
0.63
0.56
0.58
0.56
0.55
0.54
0.59
0.53
0.51
0.25
(2.09%)
(2.33%)
—
0.65
Dividend per sh€
1.78
1.99
1.91
1.84
1.82
1.83
1.89
1.92
1.99
2.08
0.73
2.74%
1.91%
—
15.68
Div yield (avg)%
17.94
16.96
19.53
21.45
19.05
20.96
18.72
18.86
17.66
17.07
19.52
18.72
18.79
17
6.80
Payout ratio%
31.96
31.36
31.78
33.42
30.50
31.50
33.60
31.33
29.86
27.63
23.77
31.33
31.43
70
81.50
Shares (diluted)M
103.7
107.1
100.8
116.3
135.0
155.5
157.0
167.8
161.9
188.9
80.76
6.94%
6.73%
81
8.97
Buyback yield%
0.40
0.40
1.08
0.40
2.25
0.40
0.40
0.40
0.40
0.40
25.52
0.40
0.40
8
1.698
D/E ratiox
1.012
1.127
1.220
1.311
1.465
1.631
1.501
1.462
1.556
1.622
1.393
1.556
1.463
47
189.3
Enterprise value€M
63.16
55.34
52.22
52.74
57.40
50.81
55.75
57.00
60.84
59.66
69.21
0.77%
(0.47%)
9
132.9
LT debt€M
107.0
111.5
119.8
113.0
117.3
131.2
139.0
139.8
144.9
147.2
212.9
4.65%
2.45%
76
Revenue
€224.4M
6.55%
1.00×
Cost of revenue
€135.3M
6.71%
1.01×
Operating expenses
€30.58M
5.59%
0.91×
Spread over hurdle
(1.08%)