3.075
Revenue€M
2.381
2.577
2.765
2.928
3.151
3.325
3.526
3.781
3.994
4.393
3.158
6.87%
6.99%
41
21.78
Revenue growth%
7.75
10.38
13.21
11.36
13.06
15.43
15.22
15.21
17.43
14.91
20.00
15.22
14.06
41
22.46
Gross margin%
31.04
33.22
34.95
36.85
39.80
37.03
34.52
33.20
31.17
31.94
23.69
33.20
33.87
23
13.27
Operating margin%
17.22
17.95
20.92
23.44
25.33
23.18
20.27
19.10
17.74
17.18
23.78
19.10
19.68
28
26.17
Net margin%
0.97
3.53
4.04
6.23
3.61
4.03
5.66
4.50
3.10
1.31
12.71
4.03
3.82
26
28.13
P/E ratio (avg)x
34.09
35.80
38.33
38.65
39.53
43.18
47.48
45.08
43.74
48.49
30.69
45.08
41.36
49
29.84
EV/EBITx
18.65
21.18
20.77
19.74
21.58
21.76
24.22
24.45
26.37
27.52
20.76
24.45
21.67
6
12.59
FCF yield (avg)%
1.02
0.40
0.40
2.29
1.77
0.40
1.11
2.31
2.47
2.10
9.22
2.10
1.44
63
3.84
FCF margin%
5.35
5.58
5.87
3.60
2.76
0.40
3.23
5.24
3.37
5.71
16.58
3.37
4.42
69
1.139
FCF / Net incomex
1.462
1.532
1.633
1.812
2.087
2.487
2.893
3.420
4.073
4.303
0.710
3.420
2.287
73
7.13
ROIC%
24.66
23.40
24.81
23.46
23.20
21.68
19.81
17.04
15.39
14.80
6.52
17.04
22.44
94
19.45
Return on equity%
9.88
12.19
10.99
13.16
11.55
12.61
12.45
13.46
16.41
19.31
12.81
13.46
12.53
37
6.83
Return on assets%
31.37
29.50
32.36
32.08
32.38
34.46
35.13
35.34
36.32
37.94
9.99
35.34
33.42
18
0.06
EPS€
0.07
0.06
0.06
0.06
0.07
0.07
0.08
0.08
0.08
0.08
0.06
2.58%
2.19%
—
23.73
EPS growth%
15.64
18.16
16.10
17.31
19.35
21.80
21.59
23.30
24.52
24.86
13.60
23.30
20.47
38
0.11
Bookvalue per sh€
0.30
0.30
0.32
0.36
0.41
0.38
0.37
0.37
0.36
0.36
0.21
(2.53%)
2.12%
—
0.19
FCF per share€
0.23
0.25
0.24
0.25
0.24
0.24
0.26
0.24
0.24
0.26
0.16
1.64%
1.20%
—
0.04
Dividend per sh€
0.16
0.17
0.16
0.16
0.18
0.19
0.21
0.22
0.23
0.26
0.23
6.94%
6.18%
—
16.15
Div yield (avg)%
11.09
9.55
12.33
11.19
11.69
10.78
13.00
14.01
15.42
14.56
3.98
14.01
12.01
52
8.57
Payout ratio%
6.28
8.71
8.35
10.63
8.77
6.24
5.47
3.04
2.29
3.75
11.00
3.75
6.26
34
5.987
Shares (diluted)M
7.986
7.903
8.554
8.230
7.576
7.282
7.632
7.241
7.770
7.440
5.753
(0.36%)
(0.25%)
27
20.46
Buyback yield%
11.08
13.89
15.82
13.54
13.37
14.12
12.14
10.73
10.32
9.61
4.89
10.73
12.76
63
0.491
D/E ratiox
2.039
2.197
2.243
2.305
2.477
2.832
2.633
2.752
2.767
3.039
0.604
2.767
2.555
70
1.655
Enterprise value€M
3.959
3.993
4.256
4.666
4.370
4.501
4.937
4.951
4.644
4.602
0.846
1.04%
1.81%
7
1.206
LT debt€M
2.404
2.685
2.966
2.930
3.129
2.980
3.021
3.462
3.237
3.233
1.739
0.66%
4.13%
33
Revenue
€4.393M
6.99%
1.00×
Cost of revenue
€2.159M
6.57%
0.96×
Operating expenses
€0.923M
7.38%
1.04×
Cash and investments
16.33%
Property and equipment
15.30%
Spread over hurdle
42.05%