172.4
Revenue€M
126.8
134.9
145.0
155.1
164.6
175.4
186.0
195.2
205.7
218.6
184.0
5.84%
6.20%
37
20.14
Revenue growth%
12.02
10.93
13.59
13.67
16.27
19.22
20.55
23.42
25.68
24.90
26.55
23.42
17.75
75
7.58
Gross margin%
8.33
6.68
8.73
9.27
10.35
8.44
8.99
11.35
10.13
11.92
14.19
10.13
9.13
82
25.77
Operating margin%
11.74
11.43
10.34
8.09
9.87
7.46
9.40
8.39
10.42
12.65
12.10
9.40
10.10
32
17.19
Net margin%
17.07
19.23
16.63
14.49
16.65
14.12
13.84
14.65
14.28
13.48
11.38
14.12
14.57
38
33.44
P/E ratio (avg)x
18.95
21.85
22.64
21.98
25.23
24.03
27.60
31.57
31.72
33.73
23.95
31.57
24.63
10
33.92
EV/EBITx
14.26
14.32
12.89
13.89
12.48
13.26
12.34
11.03
11.19
10.33
31.68
11.19
12.69
84
14.83
FCF yield (avg)%
0.40
0.87
0.40
2.18
2.47
3.88
6.19
7.55
9.10
9.43
25.04
7.55
3.18
67
9.34
FCF margin%
4.12
6.14
3.19
4.57
7.31
6.96
6.74
8.60
11.54
9.03
26.08
8.60
6.85
61
1.658
FCF / Net incomex
1.368
1.413
1.442
1.636
1.648
1.644
1.956
2.009
2.033
2.223
1.242
2.009
1.646
79
18.13
ROIC%
25.53
26.78
29.62
27.52
29.06
30.84
31.86
31.80
31.56
32.66
9.32
31.80
30.23
71
10.47
Return on equity%
22.21
20.32
23.25
21.02
22.76
23.02
20.26
20.10
20.04
18.01
4.36
20.10
20.67
77
14.32
Return on assets%
16.09
13.68
13.25
11.87
13.76
13.85
11.11
13.95
11.77
13.30
20.04
13.30
13.49
73
1.06
EPS€
1.27
1.28
1.38
1.56
1.65
1.67
1.65
1.68
1.64
1.75
1.19
1.15%
4.10%
—
13.87
EPS growth%
18.03
16.52
18.09
16.81
15.62
16.14
14.40
15.11
15.40
15.66
9.17
15.40
15.90
70
0.99
Bookvalue per sh€
0.33
0.33
0.33
0.39
0.46
0.54
0.61
0.69
0.75
0.76
1.27
10.45%
8.69%
—
1.05
FCF per share€
0.74
0.79
0.76
0.82
0.90
0.92
0.99
1.04
1.14
1.29
0.54
7.38%
5.46%
—
1.01
Dividend per sh€
0.69
0.76
0.91
0.95
1.06
1.11
1.32
1.48
1.44
1.47
0.56
6.77%
9.42%
—
21.62
Div yield (avg)%
26.28
25.92
27.79
29.92
27.08
25.75
24.17
22.08
23.81
23.68
5.62
23.81
25.83
52
17.94
Payout ratio%
11.94
10.32
11.59
13.46
14.80
14.74
13.98
11.31
8.98
8.54
10.91
11.31
11.77
57
37.55
Shares (diluted)M
60.65
64.78
61.32
59.33
68.71
69.14
73.31
72.78
82.96
96.42
37.79
7.01%
6.42%
71
2.27
Buyback yield%
10.14
7.57
5.82
4.19
6.61
4.65
5.67
3.46
4.94
2.38
13.22
4.65
5.31
81
1.497
D/E ratiox
1.985
2.380
2.754
2.893
3.238
3.356
3.681
4.057
4.651
5.280
1.234
4.057
3.297
78
34.97
Enterprise value€M
137.2
143.5
151.9
165.8
186.7
185.8
212.2
253.3
252.2
278.3
174.6
8.31%
8.78%
72
139.2
LT debt€M
106.3
105.1
98.99
109.7
104.1
99.91
110.0
104.0
111.4
120.6
49.50
2.98%
2.52%
88
Revenue
€218.6M
6.20%
1.00×
Cost of revenue
€144.4M
6.36%
1.01×
Operating expenses
€32.62M
5.98%
0.98×
Property and equipment
19.09%
Goodwill & intangibles
16.74%
Spread over hurdle
(1.62%)