124.3
Revenue€M
261.0
284.9
303.9
321.0
351.1
370.6
396.5
421.6
448.8
474.6
129.9
6.21%
7.13%
79
9.70
Revenue growth%
8.15
8.74
6.00
6.54
5.92
6.02
7.67
10.05
13.01
15.15
2.41
10.05
7.91
44
10.46
Gross margin%
29.19
29.44
26.77
25.91
26.77
24.64
24.23
23.91
22.10
21.32
29.47
23.91
25.27
63
7.35
Operating margin%
29.01
31.28
30.20
29.57
27.28
26.55
26.64
26.85
26.70
28.92
17.69
26.70
28.10
33
7.28
Net margin%
26.36
28.44
31.05
33.83
32.80
35.13
37.44
39.53
41.70
44.33
11.02
39.53
34.48
18
13.37
P/E ratio (avg)x
18.95
20.63
22.74
23.13
24.30
27.88
26.55
25.73
23.89
24.41
37.63
25.73
24.09
23
20.64
EV/EBITx
26.67
28.05
25.93
29.15
27.77
27.42
27.89
25.56
28.46
31.39
31.99
27.89
27.83
78
18.77
FCF yield (avg)%
3.17
4.84
7.57
7.02
5.55
3.86
4.53
4.72
7.68
5.56
27.20
4.72
5.19
55
26.74
FCF margin%
13.69
13.62
12.19
12.16
11.09
8.38
10.12
11.30
12.76
14.26
3.19
11.30
12.18
9
1.444
FCF / Net incomex
1.122
1.087
1.115
1.080
1.209
1.178
1.306
1.566
1.557
1.534
0.878
1.534
1.194
12
6.57
ROIC%
24.09
26.96
28.33
29.56
28.79
30.17
30.88
30.93
33.62
34.90
24.35
30.93
29.86
49
2.75
Return on equity%
10.44
7.67
6.92
4.98
3.03
1.30
0.40
0.40
0.40
1.36
3.06
0.40
2.20
91
9.54
Return on assets%
11.90
10.18
7.81
9.05
10.06
7.21
6.03
4.57
5.68
7.20
10.77
6.03
7.51
34
1.08
EPS€
1.06
0.95
1.00
1.03
1.06
1.03
0.95
1.02
1.10
1.03
1.14
(0.57%)
(1.35%)
—
17.64
EPS growth%
2.07
3.25
5.92
5.98
5.60
3.91
2.13
3.14
5.30
6.12
18.13
3.91
4.61
6
0.71
Bookvalue per sh€
1.09
1.06
1.08
1.00
1.10
1.04
1.03
1.06
1.14
1.22
0.33
2.01%
0.28%
—
1.30
FCF per share€
0.65
0.69
0.59
0.57
0.49
0.47
0.40
0.37
0.36
0.31
1.85
(8.38%)
(6.92%)
—
1.14
Dividend per sh€
1.22
1.30
1.26
1.20
1.35
1.37
1.40
1.46
1.55
1.49
2.22
2.00%
1.33%
—
4.90
Div yield (avg)%
9.30
11.39
10.24
8.89
6.28
5.56
3.54
1.26
4.18
3.88
9.43
3.88
5.92
86
19.76
Payout ratio%
15.04
17.73
19.82
18.69
17.89
15.40
14.03
15.66
14.36
11.51
18.54
14.36
15.53
48
135.5
Shares (diluted)M
225.4
262.4
283.5
330.5
368.3
418.3
443.1
506.5
496.2
480.8
137.0
5.47%
9.84%
22
7.67
Buyback yield%
34.47
33.58
32.87
32.66
31.65
32.70
29.94
27.07
27.26
24.54
9.69
27.26
32.15
16
0.699
D/E ratiox
2.617
2.736
2.894
2.919
3.030
2.968
3.240
3.607
3.967
3.935
1.705
3.607
2.999
20
0.142
Enterprise value€B
0.617
0.658
0.680
0.746
0.772
0.926
1.091
1.089
1.210
1.331
0.333
11.51%
8.83%
35
0.125
LT debt€B
0.653
0.655
0.694
0.839
0.996
1.210
1.270
1.528
1.637
1.674
0.043
10.94%
9.81%
21
Revenue
€474.6M
7.13%
1.00×
Cost of revenue
€220.3M
6.88%
0.98×
Operating expenses
€121.2M
7.70%
1.06×
Cash and investments
17.04%
Spread over hurdle
10.54%