1.591
Revenue€M
2.704
2.756
2.778
2.909
3.010
3.154
3.224
3.261
3.376
3.550
1.664
3.35%
3.23%
21
3.82
Revenue growth%
22.47
20.56
22.94
24.31
25.69
25.45
28.13
29.22
29.88
31.00
6.49
29.22
25.57
79
3.73
Gross margin%
22.94
25.85
26.15
24.93
26.82
28.66
26.17
28.25
28.90
28.63
21.09
28.63
26.49
26
8.73
Operating margin%
18.23
17.68
16.00
15.84
16.45
14.16
15.98
14.00
16.27
18.25
16.64
15.98
16.14
89
14.47
Net margin%
25.21
26.49
24.65
27.18
27.62
25.21
26.11
25.54
27.49
24.50
7.28
25.54
25.83
88
27.87
P/E ratio (avg)x
24.55
22.44
25.00
27.09
29.74
27.91
28.91
29.62
31.00
33.21
36.23
29.62
28.41
21
15.73
EV/EBITx
9.693
9.854
8.892
9.352
10.06
9.208
10.32
9.646
9.608
8.890
7.715
9.608
9.627
24
2.40
FCF yield (avg)%
36.14
36.42
37.05
36.42
36.29
35.36
35.79
38.52
37.61
37.93
18.74
37.61
36.42
21
24.20
FCF margin%
9.41
6.49
9.15
10.11
11.19
10.67
11.96
14.19
11.65
9.97
9.51
11.65
10.39
87
0.452
FCF / Net incomex
1.443
1.580
1.544
1.707
1.921
1.907
2.045
1.944
2.201
2.260
1.089
2.045
1.914
92
19.47
ROIC%
12.57
14.74
16.75
16.94
18.34
18.48
18.30
16.32
18.86
16.58
29.32
18.30
16.84
20
17.58
Return on equity%
7.57
5.20
6.23
8.40
7.35
4.72
3.62
2.06
3.75
3.79
16.27
3.75
4.96
13
17.37
Return on assets%
32.39
35.26
37.44
40.04
39.05
37.14
38.35
41.17
39.83
39.17
13.19
39.17
38.70
20
0.04
EPS€
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.04
3.56%
0.95%
—
14.58
EPS growth%
16.38
19.11
19.48
17.23
16.82
14.20
15.92
18.75
19.54
21.63
22.25
18.75
17.99
6
0.06
Bookvalue per sh€
0.04
0.04
0.05
0.06
0.06
0.06
0.07
0.08
0.08
0.09
0.07
7.21%
10.15%
—
0.11
FCF per share€
0.11
0.13
0.13
0.12
0.12
0.14
0.15
0.16
0.17
0.17
0.12
6.81%
5.07%
—
0.06
Dividend per sh€
0.10
0.12
0.12
0.12
0.12
0.13
0.15
0.17
0.16
0.18
0.06
8.00%
5.86%
—
6.97
Div yield (avg)%
24.40
23.89
25.47
23.87
21.23
20.94
19.21
17.61
19.85
21.53
4.25
19.85
21.38
37
9.52
Payout ratio%
10.81
9.87
10.03
8.66
9.58
9.88
10.43
8.19
8.50
5.79
22.76
8.50
9.73
61
16.68
Shares (diluted)M
17.90
17.19
16.75
17.94
18.34
18.16
19.67
22.17
24.29
23.95
16.41
5.48%
2.70%
66
15.98
Buyback yield%
28.95
27.51
25.22
22.38
20.66
19.78
19.81
21.99
24.18
24.65
15.98
21.99
23.28
49
0.998
D/E ratiox
0.319
0.328
0.290
0.292
0.285
0.295
0.258
0.225
0.244
0.252
0.551
0.252
0.288
68
0.292
Enterprise value€M
4.569
4.688
4.415
5.089
4.791
5.070
5.040
5.796
6.333
7.437
2.614
9.19%
5.36%
43
3.396
LT debt€M
1.630
1.686
1.704
1.691
1.470
1.411
1.211
1.034
0.882
0.817
0.173
(11.08%)
(6.52%)
30
Revenue
€3.550M
3.23%
1.00×
Cost of revenue
€2.485M
3.23%
1.00×
Operating expenses
€0.606M
2.54%
0.93×
Spread over hurdle
(2.17%)