3.910
Revenue€M
3.391
3.515
3.634
3.715
3.689
3.674
3.688
3.680
3.707
3.716
4.264
0.15%
1.24%
11
2.14
Revenue growth%
9.60
10.00
11.30
11.99
13.53
13.31
14.63
15.66
14.62
13.63
4.06
14.62
13.42
28
18.61
Gross margin%
17.96
19.72
20.71
21.49
22.79
22.33
23.62
23.28
21.85
24.19
6.35
23.28
22.09
18
28.16
Operating margin%
21.47
20.40
18.70
20.71
18.64
18.52
20.22
17.29
17.75
16.03
19.84
17.75
18.67
6
18.83
Net margin%
10.90
10.22
12.46
10.70
11.10
13.66
13.50
16.25
15.34
16.76
18.44
15.34
12.98
78
21.12
P/E ratio (avg)x
13.47
14.50
14.59
15.22
17.37
17.28
19.14
19.48
20.91
20.97
18.71
19.48
17.33
52
36.77
EV/EBITx
39.99
45.99
44.40
48.97
55.06
60.91
63.74
62.29
64.62
68.09
13.64
63.74
57.99
52
21.72
FCF yield (avg)%
23.53
20.99
23.94
22.35
22.37
20.68
23.15
23.09
21.84
24.20
25.47
23.09
22.73
54
7.16
FCF margin%
4.81
4.67
5.12
8.04
10.03
9.43
8.96
10.05
11.01
10.62
8.00
10.05
9.20
44
0.477
FCF / Net incomex
0.175
0.185
0.218
0.240
0.278
0.290
0.309
0.329
0.375
0.427
0.115
0.329
0.284
5
15.67
ROIC%
7.50
7.31
5.56
5.01
6.56
9.55
10.78
10.73
10.32
7.50
17.67
10.32
7.50
51
19.86
Return on equity%
2.91
3.40
4.77
3.15
0.40
0.40
0.40
0.51
1.44
0.92
4.22
0.51
1.18
46
15.14
Return on assets%
6.66
5.19
7.60
7.06
5.15
7.56
8.61
5.84
3.40
2.11
8.71
5.84
6.25
27
3.98
EPS€
5.56
5.68
6.26
6.88
6.70
6.92
7.19
6.48
6.29
7.02
4.14
0.94%
3.25%
—
27.71
EPS growth%
11.37
12.78
9.98
10.60
12.39
9.71
7.32
7.33
4.42
5.18
19.90
7.32
9.84
38
3.66
Bookvalue per sh€
2.81
2.91
3.14
2.91
3.07
2.66
2.84
2.88
3.09
2.93
0.82
(0.93%)
0.15%
—
2.55
FCF per share€
5.14
4.65
4.81
4.50
4.72
4.68
4.83
4.32
4.72
4.33
2.89
(1.72%)
(1.03%)
—
2.76
Dividend per sh€
4.14
4.47
4.71
4.82
4.74
4.93
5.06
5.13
5.22
4.71
4.08
(0.12%)
0.22%
—
7.55
Div yield (avg)%
13.13
14.29
12.78
9.88
8.10
7.85
5.14
5.75
7.38
6.38
18.11
6.38
7.97
43
25.87
Payout ratio%
23.30
26.12
26.31
28.83
26.89
24.75
22.43
23.94
26.75
26.86
2.88
24.75
26.21
40
0.743
Shares (diluted)M
0.585
0.616
0.653
0.561
0.528
0.488
0.466
0.411
0.407
0.398
0.742
(5.51%)
(4.09%)
18
16.33
Buyback yield%
8.40
6.90
8.17
5.80
2.98
2.59
5.46
4.19
1.40
1.01
23.61
2.59
4.82
82
0.385
D/E ratiox
1.771
1.664
1.592
1.574
1.527
1.389
1.371
1.560
1.578
1.474
1.568
1.474
1.567
58
1.904
Enterprise value€M
7.981
7.785
8.842
9.570
10.85
12.63
13.91
14.13
14.13
16.08
3.554
8.19%
8.24%
32
3.803
LT debt€M
2.261
2.104
1.826
1.695
1.568
1.382
1.249
1.251
1.303
1.139
1.081
(6.19%)
(7.14%)
88
Revenue
€3.716M
1.24%
1.00×
Cost of revenue
€2.050M
1.45%
1.02×
Operating expenses
€0.690M
0.76%
0.95×
Goodwill & intangibles
20.20%
Property and equipment
18.51%
Spread over hurdle
16.62%