2.808
Revenue€M
3.334
3.516
3.687
3.958
4.124
4.262
4.480
4.817
5.170
5.566
3.076
6.18%
5.92%
47
6.24
Revenue growth%
8.07
10.79
12.45
14.45
14.59
14.60
13.31
12.02
13.95
15.50
5.93
13.95
13.63
36
23.15
Gross margin%
23.79
21.07
23.89
26.51
29.49
29.28
28.35
30.94
33.28
34.84
28.46
30.94
28.82
59
12.41
Operating margin%
26.79
26.81
29.14
26.95
28.04
28.38
27.50
29.87
30.61
28.76
4.73
28.76
28.21
64
22.39
Net margin%
9.46
9.65
7.24
10.18
8.08
7.13
9.11
8.02
6.94
9.55
21.14
8.02
8.59
88
32.90
P/E ratio (avg)x
51.37
59.34
61.69
62.38
74.68
85.30
99.55
97.54
98.84
98.84
33.50
98.84
79.99
20
9.272
EV/EBITx
26.65
29.86
30.29
36.32
36.40
35.58
37.97
40.43
46.19
55.40
35.31
40.43
36.36
31
3.34
FCF yield (avg)%
25.69
23.65
22.90
22.25
23.93
22.32
23.16
24.36
26.05
28.46
25.64
24.36
23.79
47
23.91
FCF margin%
24.22
22.86
22.45
21.99
23.72
22.87
21.65
23.41
25.69
23.74
3.87
23.41
23.14
68
0.392
FCF / Net incomex
1.225
1.085
1.026
0.962
0.848
0.810
0.790
0.689
0.741
0.744
0.466
0.744
0.829
84
17.04
ROIC%
7.48
7.34
6.24
6.39
8.88
7.19
9.82
11.48
14.47
14.68
27.68
11.48
8.18
27
11.16
Return on equity%
14.68
14.83
13.16
10.32
10.66
11.81
10.51
8.52
11.07
8.13
10.70
10.51
10.86
60
11.08
Return on assets%
24.20
27.13
24.78
22.86
23.28
24.78
24.41
25.99
26.62
25.54
12.57
25.54
24.78
23
0.04
EPS€
0.03
0.04
0.04
0.04
0.05
0.06
0.06
0.05
0.06
0.06
0.04
4.50%
6.76%
—
7.49
EPS growth%
23.95
25.34
27.43
26.22
27.43
28.67
28.35
29.76
29.94
30.33
20.76
29.76
27.89
65
0.04
Bookvalue per sh€
0.07
0.08
0.08
0.08
0.09
0.10
0.11
0.12
0.12
0.12
0.05
5.20%
5.71%
—
0.02
FCF per share€
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.05
(0.79%)
(0.70%)
—
0.06
Dividend per sh€
0.07
0.07
0.07
0.08
0.07
0.07
0.07
0.07
0.08
0.08
0.02
1.82%
1.12%
—
18.29
Div yield (avg)%
29.40
29.15
26.24
24.93
25.71
25.79
24.67
24.43
22.48
20.13
3.71
24.43
25.32
45
23.38
Payout ratio%
15.63
14.86
13.62
14.83
13.48
11.28
9.68
9.96
10.32
8.36
4.92
9.96
12.38
84
31.36
Shares (diluted)M
34.95
34.08
38.35
43.47
45.78
43.10
40.01
43.42
48.91
52.19
32.44
2.65%
5.39%
67
7.18
Buyback yield%
3.69
5.56
2.94
1.40
4.22
4.57
3.53
3.84
1.12
2.64
12.35
3.53
3.61
60
0.993
D/E ratiox
1.784
1.703
1.915
1.897
2.069
2.417
2.576
2.885
3.158
3.272
0.964
2.885
2.243
56
0.428
Enterprise value€M
0.888
0.963
0.871
0.752
0.721
0.769
0.678
0.725
0.621
0.614
3.884
(3.18%)
(5.17%)
20
1.054
LT debt€M
2.994
3.048
3.015
2.852
3.075
3.341
3.412
2.972
2.871
2.643
4.475
(2.98%)
(1.49%)
18
Revenue
€5.566M
5.92%
1.00×
Cost of revenue
€3.896M
5.92%
1.00×
Operating expenses
€0.951M
5.47%
0.96×
Spread over hurdle
(0.32%)