90.82
Revenue€M
134.7
147.7
158.3
169.0
182.8
196.7
210.0
226.0
247.5
266.4
93.48
7.82%
7.73%
54
17.01
Revenue growth%
20.44
20.89
19.52
20.40
19.72
18.66
18.11
19.55
17.35
14.81
25.50
18.11
19.53
40
16.76
Gross margin%
26.16
23.37
23.51
22.12
20.57
20.35
19.85
17.10
19.97
21.70
10.83
19.97
21.14
50
26.85
Operating margin%
9.89
9.44
7.67
8.88
10.64
12.64
11.84
11.58
12.56
11.80
11.74
11.84
11.11
47
18.46
Net margin%
19.49
19.64
20.97
23.50
22.34
24.85
27.59
29.98
28.54
28.16
10.62
28.16
24.17
61
31.63
P/E ratio (avg)x
43.11
43.63
48.28
48.23
54.23
64.41
64.45
65.34
66.26
76.46
21.01
65.34
59.32
74
22.06
EV/EBITx
44.03
42.60
46.92
51.42
51.29
49.87
46.68
52.17
60.74
63.20
21.53
52.17
50.58
88
18.94
FCF yield (avg)%
28.05
27.37
27.77
26.63
26.93
25.36
23.32
26.08
26.25
25.25
14.41
25.36
26.44
47
28.80
FCF margin%
33.95
34.24
32.78
33.07
34.54
32.23
31.14
30.51
29.03
29.02
27.60
30.51
32.51
49
1.729
FCF / Net incomex
2.609
2.599
2.619
2.787
3.311
3.407
3.588
3.910
4.086
4.022
1.274
3.910
3.359
6
18.60
ROIC%
6.55
7.76
10.21
7.36
4.83
3.52
4.44
3.76
3.31
2.20
23.69
3.52
4.63
10
29.71
Return on equity%
5.89
3.73
1.01
0.40
0.40
0.62
2.69
4.74
5.08
6.18
9.45
4.74
3.21
93
29.07
Return on assets%
24.32
26.14
25.17
24.85
23.07
21.56
18.79
21.40
22.04
22.49
8.09
21.56
22.78
21
0.09
EPS€
0.32
0.35
0.37
0.40
0.46
0.53
0.52
0.59
0.56
0.59
0.10
4.86%
6.82%
—
22.50
EPS growth%
21.36
20.45
22.67
24.69
22.80
21.04
19.59
21.05
22.72
24.94
15.51
21.05
22.02
82
0.09
Bookvalue per sh€
0.09
0.10
0.11
0.11
0.11
0.11
0.12
0.12
0.11
0.12
0.28
2.53%
3.73%
—
0.17
FCF per share€
0.13
0.11
0.10
0.11
0.12
0.13
0.13
0.12
0.13
0.15
0.05
4.03%
0.81%
—
0.11
Dividend per sh€
0.21
0.24
0.25
0.27
0.29
0.32
0.33
0.32
0.30
0.30
0.28
0.92%
2.88%
—
26.33
Div yield (avg)%
26.61
29.32
26.53
28.77
28.46
31.44
32.90
35.67
38.07
35.38
19.48
35.38
30.38
29
8.10
Payout ratio%
24.14
26.51
24.32
25.42
27.93
30.53
32.46
34.94
35.84
33.20
5.65
33.20
29.23
71
163.7
Shares (diluted)M
219.3
198.4
196.1
196.1
186.4
194.6
214.2
227.8
235.3
251.8
166.7
6.20%
0.44%
69
22.09
Buyback yield%
8.86
9.15
8.88
6.62
4.76
3.44
5.22
4.39
6.08
3.48
26.61
4.39
5.65
84
0.537
D/E ratiox
0.887
0.867
0.845
0.751
0.731
0.636
0.555
0.486
0.469
0.440
0.359
0.486
0.683
82
134.7
Enterprise value€M
121.8
134.5
149.9
145.0
132.1
147.8
166.8
169.8
165.2
187.6
17.26
7.27%
3.99%
30
86.57
LT debt€M
10.64
10.34
11.31
11.90
11.51
11.00
12.53
11.56
10.99
12.08
190.5
0.97%
0.99%
16
Revenue
€266.4M
7.73%
1.00×
Cost of revenue
€145.6M
7.55%
0.98×
Operating expenses
€51.58M
8.45%
1.07×
Goodwill & intangibles
15.96%
Spread over hurdle
26.59%