226.6
Revenue€M
134.7
142.9
152.0
165.5
178.1
188.9
201.3
211.1
227.0
241.7
239.9
6.30%
6.99%
13
15.37
Revenue growth%
30.12
32.49
32.44
33.49
34.64
32.13
35.12
36.15
37.18
37.34
15.58
36.15
34.07
66
4.27
Gross margin%
19.05
18.92
19.90
19.97
22.43
22.74
24.99
25.15
23.69
22.02
18.54
23.69
22.22
11
25.11
Operating margin%
28.36
29.84
31.63
33.53
33.23
31.61
33.55
31.31
33.17
32.61
15.14
32.61
32.12
24
20.80
Net margin%
18.54
16.56
16.31
18.02
18.72
21.39
21.31
19.34
19.53
19.19
26.04
19.53
18.95
66
25.49
P/E ratio (avg)x
10.59
11.92
12.73
13.97
16.67
17.51
17.66
17.22
17.26
17.35
16.67
17.35
16.94
12
24.82
EV/EBITx
11.68
12.90
12.82
14.69
14.21
14.19
16.07
16.48
19.73
20.81
17.19
16.48
14.45
42
7.73
FCF yield (avg)%
16.62
17.74
18.81
20.18
18.01
15.51
13.51
14.72
12.92
12.50
9.06
13.51
16.07
59
9.79
FCF margin%
25.77
28.31
30.82
31.66
31.51
32.29
29.38
27.15
27.02
25.19
14.42
27.15
28.85
42
0.381
FCF / Net incomex
2.298
2.274
2.471
2.823
3.086
3.601
3.644
4.077
4.245
4.197
1.754
4.077
3.344
78
29.18
ROIC%
26.21
29.07
29.65
30.06
32.56
30.74
32.41
33.30
34.61
32.97
29.62
32.97
31.57
75
18.31
Return on equity%
11.99
9.47
12.32
12.77
12.30
11.16
8.23
10.52
9.53
12.05
5.08
10.52
11.57
39
24.29
Return on assets%
4.10
6.01
8.36
6.56
6.80
5.17
6.21
6.18
6.68
4.22
19.86
6.18
6.19
29
0.32
EPS€
0.42
0.46
0.42
0.41
0.37
0.34
0.37
0.39
0.39
0.42
0.34
3.04%
0.25%
—
5.38
EPS growth%
25.32
27.65
29.68
31.07
31.75
34.38
34.69
34.91
34.05
31.11
15.01
34.38
31.43
62
0.53
Bookvalue per sh€
0.28
0.33
0.34
0.33
0.36
0.34
0.40
0.45
0.50
0.56
0.40
9.42%
8.18%
—
0.53
FCF per share€
0.52
0.56
0.61
0.62
0.63
0.65
0.65
0.71
0.82
0.85
0.11
6.31%
4.74%
—
0.27
Dividend per sh€
0.72
0.76
0.70
0.65
0.68
0.77
0.84
0.97
1.01
1.07
0.55
9.49%
3.39%
—
14.12
Div yield (avg)%
10.54
8.49
5.84
5.91
8.60
6.07
4.23
5.84
6.73
6.13
15.01
6.07
6.10
24
12.53
Payout ratio%
2.06
1.78
4.24
1.47
3.32
2.27
0.40
2.67
3.42
6.07
25.97
2.67
2.47
23
274.3
Shares (diluted)M
222.0
193.6
193.8
210.8
208.5
208.2
196.2
205.0
219.7
219.3
287.7
1.01%
(0.23%)
60
29.07
Buyback yield%
24.40
21.47
19.90
21.16
21.81
22.50
24.35
23.10
20.56
23.49
7.36
23.10
22.16
23
0.727
D/E ratiox
1.253
1.363
1.290
1.389
1.308
1.264
1.224
1.345
1.214
1.074
0.410
1.224
1.277
83
168.5
Enterprise value€M
117.2
115.2
108.9
118.3
112.9
107.8
114.0
113.7
123.7
112.4
20.33
(0.09%)
0.30%
83
19.95
LT debt€M
66.71
57.51
50.81
50.65
50.19
48.89
51.66
49.12
44.01
47.17
65.09
(1.23%)
(2.57%)
5
Revenue
€241.7M
6.99%
1.00×
Cost of revenue
€151.3M
7.23%
1.02×
Operating expenses
€54.32M
6.68%
0.97×
Spread over hurdle
(0.88%)