156.6
Revenue€M
270.6
291.6
322.0
356.1
384.4
415.3
458.6
504.8
548.1
585.2
164.6
8.77%
9.12%
78
14.18
Revenue growth%
21.69
21.21
22.01
21.19
23.08
20.56
19.82
22.35
20.31
18.61
6.78
20.31
21.20
56
22.42
Gross margin%
12.75
11.99
9.08
10.35
13.15
12.05
9.09
10.90
12.61
15.43
26.48
12.05
12.02
86
12.79
Operating margin%
22.46
22.93
23.18
22.04
20.74
19.12
17.63
17.96
17.41
19.00
21.22
17.96
19.93
9
19.30
Net margin%
19.65
18.28
18.73
21.19
20.45
17.90
15.31
13.52
12.73
9.90
9.54
13.52
18.09
76
19.11
P/E ratio (avg)x
36.83
38.52
38.09
36.67
34.87
31.48
32.41
34.71
37.12
40.98
17.07
34.71
36.75
29
32.17
EV/EBITx
11.63
12.48
14.09
13.02
12.02
12.32
13.04
13.78
14.68
16.15
6.390
13.78
13.03
78
21.38
FCF yield (avg)%
17.89
17.57
17.50
16.85
15.65
17.46
14.51
14.12
16.19
17.92
12.48
16.19
17.16
66
28.00
FCF margin%
24.02
25.70
28.51
25.89
26.54
25.78
26.89
24.29
26.98
27.62
8.63
26.89
26.21
51
1.355
FCF / Net incomex
0.694
0.730
0.723
0.644
0.695
0.639
0.613
0.587
0.520
0.541
0.287
0.587
0.642
73
4.25
ROIC%
16.22
15.75
17.89
19.84
18.09
17.34
15.32
16.59
14.89
14.01
28.67
15.32
16.41
81
3.14
Return on equity%
0.40
0.40
0.40
0.40
0.40
2.45
0.90
0.58
2.49
2.22
4.25
2.22
0.49
69
5.38
Return on assets%
18.62
19.65
21.31
19.53
18.78
18.93
16.17
15.50
15.75
17.99
13.96
16.17
18.70
78
3.01
EPS€
3.27
3.12
2.90
2.98
2.74
2.94
3.06
2.82
2.72
2.87
3.12
0.95%
(0.37%)
—
10.57
EPS growth%
5.22
3.39
1.51
1.84
0.40
1.44
3.10
3.20
3.58
4.85
18.66
3.20
3.15
55
2.73
Bookvalue per sh€
1.67
1.58
1.65
1.48
1.63
1.58
1.44
1.56
1.59
1.70
1.59
0.89%
1.10%
—
3.19
FCF per share€
1.43
1.43
1.67
1.62
1.73
2.01
2.19
2.30
2.22
2.14
3.11
4.33%
4.05%
—
1.66
Dividend per sh€
3.00
3.52
3.57
3.97
4.18
4.75
5.27
5.83
6.29
6.40
2.59
8.87%
7.99%
—
15.55
Div yield (avg)%
4.14
6.18
4.16
4.31
4.84
5.21
5.19
6.09
4.49
4.12
20.15
5.19
4.66
64
29.55
Payout ratio%
14.35
17.22
16.08
13.74
11.58
14.23
12.58
11.54
13.27
12.94
6.76
12.94
13.51
57
69.52
Shares (diluted)M
106.7
120.6
137.4
145.8
155.1
177.6
194.1
226.4
228.7
236.2
71.49
8.78%
9.52%
64
27.21
Buyback yield%
22.75
22.80
25.37
27.16
28.84
27.25
24.39
25.64
27.28
27.67
17.88
27.25
26.40
87
1.619
D/E ratiox
1.518
1.605
1.567
1.544
1.523
1.719
1.965
2.248
2.178
2.322
0.818
2.178
1.662
64
69.33
Enterprise value€M
161.4
172.8
170.3
183.7
179.2
208.2
230.4
267.9
255.6
272.7
228.4
8.76%
4.96%
70
235.6
LT debt€M
130.1
133.2
150.2
144.9
133.6
133.6
132.0
124.7
113.2
118.9
449.9
(2.30%)
(0.08%)
19
Revenue
€585.2M
9.12%
1.00×
Cost of revenue
€320.0M
8.98%
0.99×
Operating expenses
€93.67M
10.23%
1.11×
Property and equipment
20.20%
Spread over hurdle
(0.19%)