3.166
Revenue€M
1.758
1.878
2.069
2.204
2.379
2.550
2.715
2.901
3.122
3.298
3.334
6.75%
7.30%
69
27.24
Revenue growth%
15.10
17.42
20.25
19.95
21.86
23.41
24.53
26.62
25.44
26.58
25.60
25.44
22.64
62
8.91
Gross margin%
25.32
24.39
24.33
26.02
24.36
23.49
21.97
24.37
23.60
21.51
23.53
23.49
24.35
82
2.36
Operating margin%
13.89
11.06
9.00
7.66
7.98
5.70
5.61
5.47
8.09
6.05
18.99
5.70
7.82
14
26.26
Net margin%
18.18
17.70
17.35
17.45
14.93
13.00
14.32
15.81
17.01
19.42
2.55
15.81
17.18
20
29.20
P/E ratio (avg)x
22.29
22.70
21.51
23.34
22.97
21.92
20.02
21.22
19.32
18.35
17.93
20.02
21.72
60
7.752
EV/EBITx
20.93
22.49
21.75
25.27
29.18
29.47
30.05
29.26
27.90
26.82
16.68
29.26
27.36
48
8.88
FCF yield (avg)%
3.86
4.84
2.99
0.75
0.80
0.40
1.47
0.40
0.40
0.40
3.24
0.40
0.78
56
17.19
FCF margin%
16.17
17.25
16.28
17.18
18.25
16.37
17.96
19.17
17.40
16.60
20.45
17.40
17.22
82
1.442
FCF / Net incomex
1.199
1.221
1.388
1.384
1.454
1.449
1.581
1.590
1.536
1.569
1.611
1.569
1.451
35
10.52
ROIC%
20.15
21.88
23.33
26.22
28.79
29.12
30.81
31.09
33.82
31.43
2.38
31.09
28.96
25
23.20
Return on equity%
26.55
28.39
29.27
31.40
30.14
32.02
32.19
33.19
33.86
34.13
16.19
33.19
31.71
26
13.56
Return on assets%
2.59
0.40
0.40
0.58
2.22
2.71
0.80
2.52
1.69
0.50
24.04
1.69
1.25
33
0.02
EPS€
0.01
0.01
0.01
0.01
0.01
0.01
0.02
0.01
0.02
0.02
0.02
3.14%
3.30%
—
22.12
EPS growth%
16.50
18.69
20.77
23.12
23.63
25.04
22.84
22.30
24.57
23.09
14.73
23.09
22.96
56
0.01
Bookvalue per sh€
0.03
0.03
0.03
0.03
0.03
0.03
0.04
0.04
0.05
0.04
0.02
6.04%
7.44%
—
0.01
FCF per share€
0.01
0.01
0.01
0.01
0.02
0.02
0.02
0.02
0.02
0.02
0.01
1.56%
4.22%
—
0.02
Dividend per sh€
0.02
0.02
0.03
0.02
0.02
0.02
0.03
0.03
0.03
0.03
—
6.42%
2.43%
—
7.71
Div yield (avg)%
0.40
0.40
0.40
0.40
0.66
0.40
0.41
0.40
0.40
0.68
21.51
0.40
0.40
77
19.52
Payout ratio%
21.67
20.16
18.06
15.65
18.18
17.15
16.95
14.96
14.57
12.16
25.43
14.96
17.05
35
52.23
Shares (diluted)M
70.24
77.20
91.28
105.4
125.7
146.1
161.5
180.0
188.1
203.0
52.03
10.07%
12.39%
33
4.62
Buyback yield%
17.44
16.29
17.06
14.92
13.23
11.73
12.96
11.33
10.03
9.88
8.71
11.33
13.09
88
1.175
D/E ratiox
1.472
1.591
1.536
1.424
1.329
1.386
1.456
1.393
1.451
1.594
0.964
1.451
1.453
49
1.854
Enterprise value€M
2.801
2.702
2.680
2.871
2.831
3.169
2.858
2.733
2.508
2.356
0.453
(3.60%)
(2.00%)
11
1.046
LT debt€M
4.415
4.470
4.814
5.203
5.249
5.071
5.278
5.061
5.161
5.539
2.643
1.08%
2.28%
40
Revenue
€3.298M
7.30%
1.00×
Cost of revenue
€1.908M
7.24%
0.99×
Operating expenses
€0.649M
7.65%
1.03×
Cash and investments
15.40%
Spread over hurdle
19.09%