5.586
Revenue€M
3.578
3.885
4.144
4.541
4.939
5.369
5.753
6.194
6.711
7.347
6.050
8.27%
8.13%
55
21.70
Revenue growth%
6.88
7.91
9.50
7.50
7.91
7.01
6.83
6.39
8.73
8.43
23.11
7.01
7.70
47
17.84
Gross margin%
19.59
18.30
17.00
14.59
12.88
9.93
9.36
7.83
10.51
12.17
27.08
9.93
12.52
91
18.45
Operating margin%
27.64
24.98
22.92
20.80
19.43
19.85
20.16
22.38
24.13
26.11
17.81
22.38
22.65
15
29.22
Net margin%
12.93
14.24
11.96
12.79
12.54
11.63
8.79
7.40
7.78
7.53
11.78
7.78
11.79
39
19.83
P/E ratio (avg)x
21.44
21.64
23.96
23.98
26.24
23.63
21.55
21.07
22.35
22.16
21.32
22.16
22.26
49
37.06
EV/EBITx
6.583
6.507
6.667
6.604
6.838
7.323
6.708
6.818
7.096
7.297
17.75
7.096
6.763
35
20.94
FCF yield (avg)%
16.00
17.22
14.52
16.14
15.93
16.31
19.22
19.13
19.91
21.24
5.60
19.22
16.76
38
25.07
FCF margin%
20.14
22.45
24.19
22.85
20.87
20.11
19.84
22.22
19.78
21.77
2.60
20.11
21.32
38
1.561
FCF / Net incomex
0.857
0.856
0.861
0.907
0.903
0.810
0.879
0.811
0.892
0.963
0.617
0.879
0.870
42
8.67
ROIC%
16.56
18.91
20.75
20.84
23.74
24.80
26.53
27.22
27.38
27.60
3.94
27.22
24.27
65
23.63
Return on equity%
0.40
0.40
0.40
0.40
1.02
0.40
0.40
2.42
4.81
1.88
29.65
1.88
0.40
56
21.62
Return on assets%
5.70
4.82
6.27
8.28
6.42
6.80
7.48
6.77
6.98
4.36
28.87
6.80
6.60
94
0.25
EPS€
0.15
0.16
0.16
0.16
0.17
0.19
0.22
0.25
0.27
0.27
0.28
9.55%
8.20%
—
13.80
EPS growth%
8.01
7.70
5.38
3.82
3.33
5.01
6.60
5.24
8.11
7.90
8.42
6.60
5.99
67
0.09
Bookvalue per sh€
0.30
0.32
0.32
0.38
0.41
0.44
0.50
0.48
0.49
0.56
0.16
6.39%
6.54%
—
0.21
FCF per share€
0.18
0.18
0.19
0.20
0.20
0.19
0.20
0.21
0.23
0.21
0.11
0.92%
1.17%
—
0.30
Dividend per sh€
0.23
0.21
0.20
0.17
0.18
0.19
0.19
0.19
0.21
0.22
0.10
4.64%
(1.80%)
—
22.43
Div yield (avg)%
7.28
8.77
6.76
8.02
7.32
8.29
6.33
4.04
2.96
1.37
11.79
4.04
7.02
50
18.53
Payout ratio%
16.65
17.49
17.48
16.07
14.38
13.43
13.89
16.60
19.15
19.19
2.81
16.60
16.62
22
30.58
Shares (diluted)M
43.75
50.34
54.76
52.16
53.07
52.20
49.48
51.44
54.54
52.97
31.21
(0.04%)
2.61%
57
28.96
Buyback yield%
5.01
5.27
6.37
4.02
3.26
3.66
2.40
0.93
0.40
0.40
6.14
0.93
3.46
7
0.862
D/E ratiox
2.990
3.277
3.972
3.893
3.847
4.392
5.022
5.160
5.201
5.719
0.994
5.160
4.182
70
3.622
Enterprise value€M
8.086
7.884
8.993
10.33
11.11
11.63
12.02
14.18
15.94
17.10
5.275
9.01%
8.78%
14
3.600
LT debt€M
4.585
4.615
4.389
4.650
4.992
5.182
5.968
6.978
8.164
8.948
1.531
12.38%
8.52%
68
Revenue
€7.347M
8.13%
1.00×
Cost of revenue
€3.930M
8.52%
1.04×
Operating expenses
€1.616M
7.43%
0.94×
Cash and investments
18.31%
Spread over hurdle
(3.12%)