3.855
Revenue€M
2.220
2.289
2.453
2.578
2.734
2.843
3.016
3.237
3.337
3.552
4.184
5.37%
5.45%
51
5.46
Revenue growth%
20.01
21.05
22.69
24.65
24.78
25.53
24.87
23.52
20.81
17.92
18.98
23.52
23.11
38
4.26
Gross margin%
5.12
4.92
2.00
4.05
3.47
6.44
6.10
4.55
5.28
7.56
14.70
6.10
5.02
66
14.01
Operating margin%
22.18
24.49
25.37
23.41
21.83
21.59
23.20
22.51
21.68
22.91
3.46
22.51
22.71
37
13.28
Net margin%
29.79
32.66
35.47
32.90
34.79
32.81
31.05
31.91
32.40
29.53
2.28
31.91
32.53
89
9.242
P/E ratio (avg)x
44.03
47.95
54.94
58.73
59.33
65.55
61.43
63.24
63.59
61.71
23.68
63.24
60.38
21
30.16
EV/EBITx
15.65
13.88
12.97
11.93
10.83
11.81
12.11
10.82
9.810
9.014
31.53
10.82
11.87
37
7.82
FCF yield (avg)%
3.87
3.72
1.39
2.28
0.40
2.89
2.67
4.04
4.59
1.82
11.19
2.89
2.78
25
16.85
FCF margin%
26.25
23.80
20.86
23.61
20.65
21.50
24.46
25.44
23.79
25.56
20.51
24.46
23.79
39
0.950
FCF / Net incomex
2.164
2.424
2.624
2.588
2.543
2.604
2.635
2.919
3.122
3.422
0.896
2.919
2.614
57
27.71
ROIC%
22.24
19.54
21.43
22.15
22.45
22.14
19.97
19.56
19.84
22.38
6.39
19.97
21.78
54
20.38
Return on equity%
18.08
19.62
16.90
15.74
15.71
15.43
14.01
14.75
12.55
12.28
29.20
14.01
15.57
33
22.45
Return on assets%
33.28
32.57
33.89
32.49
30.43
29.68
27.93
25.22
27.22
27.59
19.17
27.59
30.06
59
0.02
EPS€
0.12
0.13
0.13
0.15
0.15
0.17
0.18
0.18
0.19
0.19
0.02
4.11%
5.16%
—
12.15
EPS growth%
17.32
15.30
16.28
18.04
20.98
23.70
22.61
19.94
22.19
21.79
14.78
22.19
20.46
88
0.09
Bookvalue per sh€
0.15
0.17
0.19
0.21
0.21
0.22
0.23
0.24
0.26
0.30
0.04
8.12%
7.52%
—
0.09
FCF per share€
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.01
0.01
0.12
(3.62%)
(3.90%)
—
0.13
Dividend per sh€
0.14
0.15
0.16
0.16
0.19
0.22
0.25
0.24
0.28
0.30
0.05
9.76%
8.48%
—
3.41
Div yield (avg)%
8.89
11.65
10.12
10.75
12.55
14.59
17.24
16.11
13.64
13.94
11.77
14.59
13.10
78
6.35
Payout ratio%
9.90
6.93
4.65
5.38
6.31
6.89
5.74
8.47
5.50
6.66
26.37
6.66
6.48
30
12.77
Shares (diluted)M
17.13
19.60
22.81
24.59
28.30
29.56
28.36
30.83
31.40
32.04
12.52
2.51%
7.46%
20
4.50
Buyback yield%
7.25
4.58
4.63
3.79
1.44
0.40
0.40
0.40
2.37
1.44
21.19
0.40
1.90
72
1.225
D/E ratiox
0.526
0.487
0.442
0.424
0.477
0.526
0.474
0.468
0.461
0.463
0.729
0.468
0.471
81
0.527
Enterprise value€M
3.576
4.013
4.476
5.248
5.083
5.482
5.589
5.763
6.558
7.476
0.893
8.02%
9.04%
69
0.816
LT debt€M
1.520
1.682
1.692
2.022
2.139
2.180
2.439
2.381
2.469
2.914
3.506
6.38%
6.45%
35
Revenue
€3.552M
5.45%
1.00×
Cost of revenue
€1.731M
5.41%
1.00×
Operating expenses
€0.725M
6.32%
1.09×
Goodwill & intangibles
15.81%
Spread over hurdle
(0.45%)