560.2
Revenue€M
534.1
549.3
569.6
571.5
588.9
609.7
629.0
628.7
632.2
651.7
614.9
2.05%
2.35%
16
16.96
Revenue growth%
7.21
4.84
2.45
4.62
3.82
3.01
5.42
7.01
5.90
7.86
6.57
5.90
5.13
49
4.09
Gross margin%
20.49
21.29
23.23
26.22
24.23
23.32
21.20
24.02
23.84
25.60
21.90
23.84
23.58
68
23.20
Operating margin%
22.48
22.86
23.96
21.26
24.26
22.52
21.73
23.61
21.63
19.99
13.40
21.73
22.50
40
18.46
Net margin%
28.36
29.19
28.34
30.98
32.32
32.33
30.15
29.17
29.93
27.72
22.39
29.93
29.56
11
24.22
P/E ratio (avg)x
9.142
8.918
9.995
10.65
12.52
13.32
15.78
17.25
18.25
18.59
33.41
17.25
12.92
87
34.33
EV/EBITx
33.63
30.14
33.73
32.47
36.51
39.01
42.63
46.22
41.17
37.47
33.84
41.17
36.99
55
25.43
FCF yield (avg)%
5.22
5.43
7.01
4.61
6.89
6.51
6.51
7.23
10.10
8.16
12.94
7.23
6.70
61
11.76
FCF margin%
15.78
13.90
15.63
18.04
17.67
15.02
16.72
17.23
16.11
18.94
23.60
16.72
16.42
15
1.057
FCF / Net incomex
0.302
0.272
0.248
0.245
0.261
0.234
0.220
0.224
0.236
0.221
0.578
0.224
0.240
61
18.62
ROIC%
18.34
18.89
19.46
18.29
19.59
19.43
21.82
24.04
22.48
24.40
5.87
22.48
19.52
34
2.86
Return on equity%
16.15
14.31
13.50
11.65
11.75
12.88
11.50
9.17
7.01
5.82
6.72
9.17
11.70
84
23.87
Return on assets%
30.02
28.43
28.31
28.93
27.55
29.96
28.73
27.17
25.61
27.94
20.01
27.94
28.37
20
1.29
EPS€
1.30
1.37
1.20
1.07
0.91
0.91
0.85
0.79
0.82
0.89
1.42
(0.40%)
(4.67%)
—
29.47
EPS growth%
10.71
10.49
11.50
11.63
13.53
16.47
18.68
18.85
17.09
16.81
13.04
17.09
15.00
83
1.02
Bookvalue per sh€
0.48
0.49
0.48
0.49
0.52
0.51
0.53
0.47
0.45
0.41
0.62
(4.78%)
(3.10%)
—
0.29
FCF per share€
0.85
0.98
1.12
1.30
1.33
1.37
1.52
1.61
1.64
1.74
1.32
5.61%
6.77%
—
0.84
Dividend per sh€
0.91
0.92
0.95
0.87
0.98
1.10
1.05
0.99
1.02
0.94
0.27
(0.71%)
0.10%
—
10.85
Div yield (avg)%
24.54
24.64
25.40
27.30
29.84
27.44
24.93
27.40
24.80
24.10
10.42
24.93
25.16
37
5.06
Payout ratio%
28.32
28.11
25.37
24.97
25.20
27.27
27.71
26.07
27.55
28.98
22.13
27.55
27.41
82
224.1
Shares (diluted)M
271.2
294.0
329.2
362.5
375.5
392.0
440.0
395.4
439.1
421.7
228.0
2.35%
4.96%
47
20.77
Buyback yield%
20.88
19.19
21.89
21.19
21.92
19.94
17.70
16.64
19.43
20.46
17.58
19.43
20.20
6
1.403
D/E ratiox
0.329
0.375
0.421
0.412
0.444
0.435
0.479
0.531
0.534
0.580
1.678
0.531
0.439
73
131.6
Enterprise value€M
218.2
207.4
199.3
187.1
190.3
211.0
210.7
220.0
207.3
222.8
418.2
3.20%
1.51%
74
0.169
LT debt€B
0.571
0.629
0.731
0.742
0.788
0.953
1.138
1.329
1.512
1.587
0.391
15.03%
11.31%
12
Revenue
€651.7M
2.35%
1.00×
Cost of revenue
€456.2M
2.35%
1.00×
Operating expenses
€132.9M
3.26%
1.09×
Goodwill & intangibles
16.37%
Spread over hurdle
(2.23%)