2.362
Revenue€M
2.238
2.331
2.525
2.736
2.935
3.081
3.220
3.399
3.596
3.807
2.618
5.34%
6.05%
31
5.05
Revenue growth%
29.07
28.33
27.89
29.72
29.84
30.07
27.47
27.03
28.73
31.59
18.61
28.73
28.90
57
18.40
Gross margin%
26.81
28.73
29.94
32.49
30.62
32.73
32.51
29.86
32.22
31.06
11.50
32.22
30.84
66
28.56
Operating margin%
25.87
23.33
21.15
23.02
20.34
23.21
20.42
20.33
20.45
22.04
22.03
20.45
21.59
8
17.21
Net margin%
29.83
31.66
31.79
31.50
33.96
31.12
33.08
33.15
31.79
33.88
25.73
33.08
31.79
6
14.93
P/E ratio (avg)x
40.28
38.40
35.46
32.13
31.24
32.49
34.89
33.81
36.52
36.34
23.22
34.89
35.18
9
6.748
EV/EBITx
21.13
23.35
23.14
20.83
22.75
22.58
22.18
21.48
18.99
19.71
23.01
21.48
21.83
36
23.82
FCF yield (avg)%
26.48
24.66
25.98
26.00
28.06
26.80
27.57
25.87
27.31
24.85
6.90
26.80
26.24
18
16.15
FCF margin%
5.06
5.38
5.89
5.22
6.01
3.21
6.11
5.87
4.93
7.83
4.00
5.87
5.62
20
1.414
FCF / Net incomex
2.579
2.772
3.285
3.851
4.568
5.435
5.465
6.237
7.362
7.190
0.658
6.237
5.002
47
5.36
ROIC%
13.89
16.35
17.21
18.35
17.15
18.20
19.58
21.12
22.13
24.79
21.35
21.12
18.28
44
27.06
Return on equity%
16.58
16.02
13.89
15.94
16.91
19.52
18.45
20.45
22.70
20.19
10.18
20.19
17.68
52
25.11
Return on assets%
22.57
21.18
20.38
22.17
22.95
23.57
24.98
24.79
23.92
25.40
13.10
24.79
23.26
44
0.15
EPS€
0.04
0.04
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.06
0.16
3.67%
2.92%
—
4.67
EPS growth%
20.53
20.75
20.14
22.16
22.48
21.25
21.07
22.00
21.11
18.49
28.26
21.11
21.09
13
0.15
Bookvalue per sh€
0.12
0.12
0.12
0.11
0.13
0.14
0.14
0.15
0.15
0.15
0.15
2.59%
3.59%
—
0.06
FCF per share€
0.06
0.06
0.06
0.05
0.06
0.06
0.07
0.08
0.09
0.09
0.08
9.95%
4.93%
—
0.08
Dividend per sh€
0.08
0.09
0.09
0.09
0.09
0.08
0.07
0.07
0.07
0.07
0.10
(4.39%)
(0.97%)
—
12.00
Div yield (avg)%
10.64
9.27
9.15
10.22
8.71
6.03
6.46
6.55
5.61
7.29
6.62
6.46
8.00
63
17.49
Payout ratio%
15.59
13.85
14.50
14.81
17.76
19.91
18.58
18.14
16.18
17.88
14.97
18.14
16.97
31
7.567
Shares (diluted)M
9.984
11.20
11.88
12.54
14.71
16.32
15.99
15.33
17.10
17.89
7.409
3.99%
5.71%
87
18.74
Buyback yield%
20.41
18.47
18.92
17.22
19.59
17.39
19.59
19.17
21.69
24.17
11.41
19.59
19.38
5
1.539
D/E ratiox
0.125
0.115
0.114
0.106
0.111
0.121
0.118
0.125
0.136
0.129
1.124
0.125
0.120
53
1.238
Enterprise value€M
4.437
4.507
5.295
6.219
6.758
7.854
8.205
9.527
10.56
11.60
1.084
11.41%
11.11%
20
1.604
LT debt€M
0.648
0.629
0.569
0.513
0.465
0.432
0.398
0.382
0.427
0.438
2.395
(1.18%)
(4.46%)
25
Revenue
€3.807M
6.05%
1.00×
Cost of revenue
€2.665M
6.10%
1.00×
Operating expenses
€0.733M
6.08%
1.00×
Goodwill & intangibles
15.58%
Spread over hurdle
(5.68%)