221.0
Revenue€M
148.1
152.0
157.4
163.4
173.6
181.1
192.5
198.9
211.3
224.7
237.0
5.29%
4.85%
49
27.75
Revenue growth%
24.34
24.98
23.52
24.45
24.05
24.46
24.53
27.42
28.63
28.27
19.02
27.42
24.50
31
9.51
Gross margin%
28.67
28.70
29.17
26.62
28.73
26.76
28.71
30.68
29.72
29.86
9.17
29.72
28.72
88
11.95
Operating margin%
0.82
1.00
2.69
0.51
0.40
0.40
0.40
0.40
0.40
0.40
10.94
0.40
0.40
89
7.92
Net margin%
27.50
26.99
24.11
25.36
26.75
24.22
24.40
26.57
27.63
28.04
17.92
26.57
26.66
9
22.18
P/E ratio (avg)x
17.98
18.45
21.43
23.35
23.47
24.77
25.61
29.05
28.61
32.53
29.12
28.61
24.12
37
13.21
EV/EBITx
21.11
21.50
21.43
21.77
23.70
24.74
28.73
31.86
33.01
35.46
16.33
31.86
24.22
40
27.32
FCF yield (avg)%
18.57
16.32
14.13
15.99
16.14
18.92
19.41
18.46
18.68
16.92
27.68
18.68
17.69
67
4.96
FCF margin%
3.75
3.93
2.94
5.36
3.98
4.52
6.56
7.37
5.64
8.41
26.03
6.56
4.94
68
0.889
FCF / Net incomex
0.699
0.640
0.556
0.471
0.412
0.430
0.420
0.390
0.354
0.326
1.612
0.390
0.425
34
16.58
ROIC%
16.55
15.59
13.14
13.81
15.66
17.82
17.95
15.72
14.88
14.65
23.15
15.72
15.63
92
20.04
Return on equity%
6.49
9.40
8.66
7.24
8.41
9.10
8.40
10.08
10.85
10.67
26.56
10.08
8.88
25
25.00
Return on assets%
5.97
7.65
7.50
7.76
10.40
12.48
12.86
14.22
12.81
10.87
5.56
12.81
10.64
55
0.23
EPS€
0.26
0.26
0.30
0.30
0.29
0.29
0.32
0.29
0.33
0.34
0.25
3.29%
3.20%
—
22.84
EPS growth%
34.48
33.17
34.93
33.55
35.61
38.33
37.10
35.96
34.27
35.32
13.60
35.96
35.13
79
0.11
Bookvalue per sh€
0.45
0.47
0.48
0.51
0.52
0.53
0.54
0.59
0.63
0.63
0.45
3.67%
2.47%
—
0.15
FCF per share€
0.40
0.42
0.42
0.45
0.43
0.39
0.40
0.41
0.38
0.36
0.16
(3.55%)
(1.18%)
—
0.20
Dividend per sh€
0.39
0.36
0.39
0.41
0.36
0.35
0.35
0.36
0.39
0.37
0.08
0.19%
(0.40%)
—
2.65
Div yield (avg)%
31.03
30.54
31.52
32.48
29.96
29.33
29.99
28.38
28.43
30.71
18.73
29.33
30.27
13
5.00
Payout ratio%
13.16
13.65
14.86
17.72
20.67
20.03
22.74
21.65
20.65
21.13
29.67
21.13
20.34
30
215.0
Shares (diluted)M
349.7
396.7
476.0
556.6
578.2
588.6
656.7
760.1
748.2
823.6
214.8
7.33%
9.23%
27
16.20
Buyback yield%
3.22
2.64
3.06
4.48
5.65
4.49
6.75
4.88
2.34
2.69
10.59
4.49
3.85
27
1.349
D/E ratiox
1.535
1.720
2.020
2.140
2.139
2.353
2.447
2.379
2.795
3.295
0.971
2.447
2.246
89
238.9
Enterprise value€M
154.0
134.8
134.7
130.8
134.3
128.7
122.7
129.4
140.3
139.9
242.1
0.83%
(1.87%)
14
83.55
LT debt€M
56.19
49.70
47.12
47.23
50.24
46.42
43.39
46.51
47.32
46.11
30.96
(1.70%)
(1.43%)
38
Revenue
€224.7M
4.85%
1.00×
Cost of revenue
€127.4M
5.19%
1.03×
Operating expenses
€23.16M
3.21%
0.85×
Cash and investments
24.06%
Goodwill & intangibles
13.47%
Return on capital
218.49%
Spread over hurdle
208.75%