252.4
Revenue€M
150.4
155.5
166.4
175.1
181.6
189.1
197.0
203.7
216.8
229.9
263.6
4.83%
4.66%
88
14.83
Revenue growth%
25.30
26.80
24.86
26.72
24.47
25.52
28.12
30.11
30.96
31.94
24.03
30.11
26.76
47
7.01
Gross margin%
9.69
12.47
9.70
6.77
7.62
9.75
6.78
5.14
4.69
5.97
26.67
5.97
7.20
56
9.70
Operating margin%
11.58
12.95
10.37
11.41
14.40
17.03
17.42
16.55
17.25
17.01
12.37
17.03
15.48
40
14.60
Net margin%
21.75
19.17
20.50
21.24
21.39
21.20
19.07
19.29
19.67
17.14
17.94
19.29
20.08
43
28.97
P/E ratio (avg)x
9.428
10.64
10.75
12.20
13.50
14.94
17.16
16.58
18.99
20.40
32.58
17.16
14.22
44
14.47
EV/EBITx
22.66
25.21
26.36
24.48
27.62
29.07
27.52
27.66
25.46
23.57
30.55
27.52
25.91
23
10.86
FCF yield (avg)%
15.39
13.26
15.71
15.82
16.71
14.73
15.14
13.96
12.62
14.49
21.45
14.49
14.93
73
21.90
FCF margin%
14.87
13.70
16.06
17.59
18.48
19.66
21.72
22.40
22.80
22.11
12.03
22.11
19.07
92
1.173
FCF / Net incomex
1.966
2.187
2.361
2.478
2.765
3.136
3.645
3.586
3.990
4.250
1.241
3.645
2.951
23
20.93
ROIC%
17.44
14.97
15.03
14.99
13.57
10.93
8.68
8.54
11.52
10.76
22.06
10.76
12.55
65
8.76
Return on equity%
13.68
15.94
17.54
16.66
19.28
20.52
19.83
22.45
25.17
28.16
26.12
22.45
19.56
13
8.23
Return on assets%
13.84
11.88
10.39
10.49
10.85
10.40
11.07
9.78
7.54
7.37
27.23
9.78
10.44
32
0.84
EPS€
0.86
0.97
1.07
1.07
0.96
0.88
0.92
1.03
0.94
0.98
0.87
0.48%
2.33%
—
20.71
EPS growth%
15.35
17.52
16.10
16.31
19.25
19.33
16.53
14.19
16.94
15.66
15.65
16.53
16.42
59
0.51
Bookvalue per sh€
1.04
1.07
1.06
1.17
1.18
1.11
1.23
1.10
1.02
1.04
1.17
(2.39%)
1.11%
—
0.34
FCF per share€
0.96
1.00
1.08
1.15
1.07
1.09
1.21
1.15
1.08
1.14
0.61
1.39%
2.57%
—
0.79
Dividend per sh€
0.43
0.44
0.45
0.40
0.37
0.37
0.34
0.33
0.30
0.28
0.76
(5.78%)
(3.55%)
—
11.20
Div yield (avg)%
15.03
13.53
14.32
15.95
14.61
14.97
12.85
10.06
8.11
6.91
19.77
10.06
13.92
41
9.90
Payout ratio%
24.00
21.70
21.94
22.53
23.33
24.47
24.93
26.07
25.34
23.63
29.67
24.93
23.82
64
124.1
Shares (diluted)M
197.1
192.5
219.2
210.9
239.5
253.0
275.2
300.9
309.8
350.3
127.2
7.90%
7.34%
71
28.39
Buyback yield%
20.65
18.56
16.86
14.51
13.63
13.07
13.57
12.45
14.28
14.75
27.32
13.57
14.39
58
0.565
D/E ratiox
0.603
0.647
0.744
0.724
0.776
0.726
0.779
0.819
0.828
0.810
0.376
0.810
0.760
23
202.7
Enterprise value€M
296.6
342.4
366.5
418.5
441.8
433.6
474.0
520.9
584.2
633.4
138.9
7.47%
7.58%
86
30.01
LT debt€M
408.6
392.3
374.8
363.7
354.2
354.0
340.0
308.1
284.3
314.2
181.2
(2.37%)
(2.81%)
75
Revenue
€229.9M
4.66%
1.00×
Cost of revenue
€116.9M
4.39%
0.97×
Operating expenses
€52.53M
4.85%
1.02×
Spread over hurdle
(2.54%)