7.320
Revenue€M
6.440
7.036
7.763
8.283
8.991
9.756
10.31
11.00
11.79
12.75
7.549
7.24%
7.66%
83
28.02
Revenue growth%
8.63
7.24
9.63
8.74
9.00
6.50
4.38
6.28
6.42
6.93
20.88
6.42
7.08
45
2.78
Gross margin%
22.99
23.41
25.42
27.53
26.33
26.70
26.64
27.23
29.25
29.54
4.52
27.23
26.67
15
22.98
Operating margin%
12.41
11.38
8.94
8.54
6.00
8.82
6.21
7.77
7.72
7.86
8.21
7.77
8.20
70
8.24
Net margin%
23.36
24.51
26.34
28.75
30.09
29.76
26.84
28.13
30.04
28.42
13.38
28.42
28.28
25
29.54
P/E ratio (avg)x
6.841
6.522
7.180
6.927
7.611
7.143
7.574
8.424
9.041
9.301
27.04
8.424
7.377
17
10.23
EV/EBITx
25.78
22.75
21.33
18.78
20.36
19.05
20.13
19.93
21.52
21.58
11.33
20.13
20.84
92
21.23
FCF yield (avg)%
15.58
15.23
17.59
15.02
13.80
13.24
12.07
10.91
13.27
15.81
21.55
13.24
14.41
55
20.86
FCF margin%
16.66
18.99
16.45
13.76
11.68
11.25
10.41
12.39
10.80
12.39
28.79
11.25
12.39
11
1.296
FCF / Net incomex
0.315
0.338
0.326
0.319
0.328
0.349
0.370
0.387
0.401
0.371
0.909
0.371
0.343
76
23.95
ROIC%
32.12
31.64
29.54
29.54
28.20
30.15
31.16
32.96
35.22
36.20
22.38
32.96
31.40
63
3.06
Return on equity%
25.07
23.33
22.02
24.87
26.48
28.06
26.23
25.84
24.34
26.78
15.58
26.23
25.45
62
23.68
Return on assets%
13.11
12.64
11.60
9.18
9.59
11.96
8.99
7.62
6.10
8.13
10.87
8.13
9.39
40
0.10
EPS€
0.15
0.16
0.16
0.16
0.16
0.17
0.17
0.19
0.23
0.25
0.11
9.38%
5.76%
—
22.62
EPS growth%
18.77
21.57
19.36
20.65
19.72
20.43
22.12
24.80
22.02
23.33
2.25
22.12
21.11
10
0.05
Bookvalue per sh€
0.20
0.20
0.21
0.26
0.27
0.27
0.33
0.33
0.36
0.40
0.12
7.81%
7.40%
—
0.07
FCF per share€
0.05
0.05
0.05
0.05
0.06
0.06
0.07
0.08
0.08
0.08
0.11
5.90%
6.52%
—
0.19
Dividend per sh€
0.12
0.14
0.15
0.14
0.15
0.14
0.13
0.14
0.14
0.14
0.10
(1.46%)
1.72%
—
20.37
Div yield (avg)%
9.96
11.83
12.70
11.42
12.20
11.99
12.32
12.61
9.98
9.22
11.18
11.99
11.91
43
9.11
Payout ratio%
10.12
12.88
13.06
15.04
14.47
15.19
16.80
18.45
16.64
15.18
22.67
16.64
15.11
21
24.59
Shares (diluted)M
22.93
22.15
22.79
23.35
20.80
23.01
22.86
25.06
25.01
26.90
24.56
5.28%
1.45%
76
19.60
Buyback yield%
29.93
31.41
28.93
26.40
26.63
24.69
24.53
23.27
25.41
23.55
26.68
24.53
25.91
17
0.272
D/E ratiox
0.593
0.702
0.720
0.754
0.864
0.935
0.935
1.107
1.246
1.272
1.438
1.107
0.899
50
7.694
Enterprise value€M
3.279
3.012
2.940
2.958
2.997
2.630
2.813
2.869
2.926
2.812
4.321
(1.27%)
(2.77%)
83
10.07
LT debt€M
6.827
6.874
8.074
8.278
8.462
8.149
8.134
8.347
8.703
10.33
9.763
4.08%
5.19%
28
Revenue
€12.75M
7.66%
1.00×
Cost of revenue
€8.926M
7.66%
1.00×
Operating expenses
€2.422M
7.49%
0.98×
Spread over hurdle
(5.03%)