9.301
Revenue€M
12.15
12.92
13.79
15.05
16.27
17.37
18.98
20.16
21.85
23.48
10.18
7.61%
7.56%
72
28.04
Revenue growth%
23.22
22.85
21.68
23.36
25.36
26.52
28.55
30.35
29.06
29.37
10.77
29.06
25.94
72
26.73
Gross margin%
19.31
19.92
20.05
19.23
17.31
17.36
18.00
19.94
21.66
21.78
14.74
19.94
19.61
89
22.41
Operating margin%
27.31
28.63
26.03
23.10
23.94
25.59
23.92
24.84
23.63
22.58
16.10
23.92
24.39
74
12.75
Net margin%
5.45
5.96
8.89
7.90
5.24
6.19
3.37
3.58
6.33
3.72
8.73
3.72
5.71
69
11.08
P/E ratio (avg)x
20.15
19.38
21.03
18.51
19.91
17.76
17.34
16.04
15.85
14.18
28.76
16.04
18.13
31
20.18
EV/EBITx
23.47
21.13
18.20
15.78
16.81
16.79
16.19
17.77
19.43
18.78
26.13
17.77
17.99
46
25.33
FCF yield (avg)%
9.09
7.86
9.07
10.94
10.02
11.54
13.49
12.78
14.04
13.29
19.91
13.29
11.24
53
3.74
FCF margin%
9.70
8.70
11.31
13.26
11.09
10.60
10.73
7.97
6.12
8.57
12.31
8.57
10.15
66
0.668
FCF / Net incomex
1.667
1.604
1.786
1.678
1.669
1.847
2.045
2.111
2.361
2.139
1.630
2.111
1.816
54
3.43
ROIC%
23.79
22.23
24.35
25.37
24.91
26.64
28.85
29.48
28.17
30.70
20.18
28.85
26.01
55
14.16
Return on equity%
20.19
20.92
21.97
23.61
26.36
24.10
22.00
21.60
22.82
20.02
18.06
22.00
21.98
33
29.14
Return on assets%
6.33
6.77
5.16
2.76
0.60
0.40
0.40
0.40
0.40
2.21
2.16
0.40
1.40
39
0.41
EPS€
0.08
0.08
0.09
0.09
0.08
0.08
0.08
0.07
0.07
0.07
0.44
(1.43%)
(2.17%)
—
26.20
EPS growth%
22.03
21.81
21.41
21.15
21.89
19.39
16.97
15.99
16.91
18.16
12.01
16.97
20.27
57
0.33
Bookvalue per sh€
0.17
0.19
0.21
0.24
0.26
0.29
0.31
0.31
0.32
0.36
0.50
6.08%
7.64%
—
0.15
FCF per share€
0.27
0.29
0.31
0.33
0.35
0.37
0.36
0.38
0.37
0.39
0.10
2.64%
4.13%
—
0.20
Dividend per sh€
0.18
0.19
0.20
0.22
0.25
0.25
0.26
0.26
0.26
0.29
0.18
2.76%
5.65%
—
15.69
Div yield (avg)%
1.53
0.49
2.03
0.40
0.41
2.54
5.25
5.48
5.38
5.04
16.91
5.25
2.29
75
11.12
Payout ratio%
2.49
4.52
7.42
7.77
9.08
9.15
6.65
5.12
7.78
5.52
2.30
6.65
7.03
8
14.22
Shares (diluted)M
18.28
18.17
20.69
21.43
20.91
23.67
26.70
25.47
25.02
27.34
14.17
5.52%
3.81%
75
6.61
Buyback yield%
7.87
7.66
8.40
8.71
8.59
10.28
8.73
9.66
10.04
9.93
18.63
9.93
8.72
15
1.078
D/E ratiox
1.404
1.505
1.691
1.580
1.635
1.791
1.760
1.910
1.730
1.851
1.302
1.791
1.710
86
9.083
Enterprise value€M
27.99
26.87
27.34
26.55
29.09
33.89
37.70
39.82
44.86
47.14
23.73
10.14%
5.15%
26
22.36
LT debt€M
17.00
17.33
16.89
16.40
18.01
17.01
16.38
17.89
19.84
22.26
18.66
4.32%
2.68%
13
Revenue
€23.48M
7.56%
1.00×
Cost of revenue
€16.44M
7.56%
1.00×
Operating expenses
€4.410M
7.29%
0.97×
Cash and investments
18.08%
Property and equipment
15.35%
Spread over hurdle
(4.32%)