1.999
Revenue€M
2.059
2.192
2.360
2.589
2.782
3.069
3.264
3.464
3.720
2.121
2.288
7.51%
7.37%
16
16.91
Revenue growth%
10.79
10.05
12.68
13.90
14.85
15.78
13.03
14.58
12.80
8.68
27.75
14.58
12.99
69
12.40
Gross margin%
27.38
30.11
29.55
27.86
25.90
27.14
28.10
26.43
26.37
16.73
13.63
26.43
27.62
60
19.65
Operating margin%
15.80
13.74
14.65
13.02
11.54
14.00
15.11
16.44
15.37
28.00
15.82
15.11
14.88
19
20.21
Net margin%
13.77
16.60
17.83
20.14
18.85
20.03
20.43
21.13
24.05
18.25
24.64
20.43
19.44
89
28.30
P/E ratio (avg)x
33.40
33.15
36.72
40.48
38.71
42.49
40.44
44.33
39.63
28.36
20.88
40.44
39.17
55
16.03
EV/EBITx
28.57
27.22
30.24
28.19
29.06
29.76
28.06
31.84
32.87
13.10
24.03
29.76
28.82
75
23.52
FCF yield (avg)%
21.90
20.84
21.23
22.88
19.93
17.68
16.83
14.39
16.36
16.57
11.23
16.83
20.38
78
10.75
FCF margin%
9.99
9.31
6.70
9.48
10.77
12.08
14.14
11.59
10.62
8.37
19.28
11.59
10.67
50
0.234
FCF / Net incomex
1.060
1.074
1.147
1.275
1.194
1.142
1.156
1.240
1.349
0.136
1.498
1.194
1.162
89
16.47
ROIC%
23.04
20.28
18.58
18.98
18.35
16.78
14.65
16.48
14.98
9.10
9.46
16.48
18.46
40
28.10
Return on equity%
16.19
15.70
17.21
14.68
12.04
9.04
7.46
7.19
9.55
25.16
12.12
9.04
13.36
44
28.93
Return on assets%
11.96
12.21
12.23
13.00
11.36
13.05
15.41
12.72
14.28
19.25
10.91
13.05
12.86
34
193.52
EPS€
192.76
191.62
186.16
184.21
202.87
213.90
209.44
200.44
214.08
199.25
227.99
3.05%
3.37%
—
23.54
EPS growth%
10.22
10.45
12.27
9.94
12.16
14.11
11.21
8.63
11.57
18.42
14.20
11.57
10.83
45
206.96
Bookvalue per sh€
96.10
110.69
125.78
144.86
159.71
180.06
172.37
181.07
174.14
94.02
86.17
3.75%
7.56%
—
117.02
FCF per share€
143.64
130.84
116.96
124.83
121.01
116.53
113.06
100.91
92.74
162.20
119.65
(5.77%)
(6.04%)
—
110.05
Dividend per sh€
161.43
170.89
164.21
156.60
133.91
144.06
131.72
135.82
125.73
152.55
193.53
(4.30%)
(5.34%)
—
14.05
Div yield (avg)%
10.58
10.90
12.91
13.49
14.39
13.76
10.86
12.28
14.92
16.16
16.03
13.76
12.59
32
26.48
Payout ratio%
13.50
14.33
15.41
14.89
16.71
18.86
17.37
16.04
14.92
25.47
20.60
16.71
15.17
12
0.014
Shares (diluted)M
0.013
0.015
0.014
0.013
0.014
0.012
0.014
0.013
0.014
0.014
0.014
1.00%
1.37%
64
18.89
Buyback yield%
22.30
22.64
24.43
25.86
27.82
25.67
25.35
26.60
29.35
28.16
14.47
26.60
25.51
22
0.759
D/E ratiox
0.912
1.045
1.051
1.094
1.164
1.247
1.339
1.385
1.546
0.622
1.688
1.339
1.129
58
4.513
Enterprise value€M
2.067
2.122
2.475
2.415
2.877
3.210
3.554
3.928
4.030
1.123
0.432
10.79%
10.23%
9
1.935
LT debt€M
3.569
3.486
3.533
3.204
2.936
2.794
2.556
2.552
2.366
3.085
3.564
(5.89%)
(4.97%)
42
Revenue
€3.720M
7.37%
1.00×
Cost of revenue
€1.873M
7.34%
1.00×
Operating expenses
€0.749M
7.96%
1.06×
Goodwill & intangibles
17.62%
Spread over hurdle
27.59%