1.988
Revenue€M
1.913
2.005
2.148
2.297
2.458
2.664
2.877
3.073
3.299
3.546
2.059
7.60%
7.16%
16
7.90
Revenue growth%
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
3.30
16.30
0.40
0.40
32
15.14
Gross margin%
19.77
18.38
17.77
15.26
12.63
9.70
11.50
12.91
15.69
17.21
12.05
12.91
15.47
56
23.58
Operating margin%
6.76
8.29
8.78
11.11
13.04
12.25
12.21
10.75
12.69
10.26
24.08
12.21
10.93
86
29.65
Net margin%
18.46
16.38
14.74
15.05
17.78
18.46
19.33
17.02
15.48
16.89
9.97
17.02
16.96
21
33.08
P/E ratio (avg)x
46.18
54.20
60.91
66.36
63.65
65.28
65.07
75.20
77.34
88.55
19.10
75.20
65.17
70
13.62
EV/EBITx
31.78
35.24
33.11
31.31
34.29
31.95
29.24
32.31
30.03
28.43
23.50
30.03
31.86
68
20.74
FCF yield (avg)%
18.89
16.31
16.61
14.44
13.45
13.31
15.64
15.45
17.09
16.10
19.30
15.64
15.87
94
5.27
FCF margin%
2.11
0.40
0.40
1.58
2.97
2.44
4.34
1.87
0.40
0.40
13.56
1.87
1.72
34
0.182
FCF / Net incomex
0.261
0.263
0.280
0.270
0.236
0.237
0.252
0.218
0.201
0.204
1.419
0.218
0.244
20
27.28
ROIC%
2.68
1.45
3.30
3.45
6.41
3.44
0.98
3.11
0.79
0.40
10.18
0.98
2.89
63
22.32
Return on equity%
19.87
19.32
19.36
20.85
19.54
18.73
19.12
17.10
19.08
16.51
20.37
18.73
19.22
80
2.12
Return on assets%
18.42
16.31
15.23
15.32
17.10
16.93
16.15
16.34
15.07
12.17
5.51
16.15
16.23
50
0.05
EPS€
0.08
0.07
0.06
0.07
0.07
0.07
0.08
0.08
0.08
0.09
0.05
5.10%
3.57%
—
14.96
EPS growth%
14.71
16.14
13.41
13.83
11.53
9.69
9.99
7.24
7.69
7.33
20.73
7.69
10.76
62
0.04
Bookvalue per sh€
0.08
0.09
0.09
0.10
0.09
0.09
0.11
0.10
0.11
0.10
0.04
1.25%
1.09%
—
0.03
FCF per share€
0.03
0.03
0.03
0.03
0.03
0.04
0.04
0.05
0.05
0.06
0.05
11.96%
7.22%
—
0.05
Dividend per sh€
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.03
(4.40%)
(2.12%)
—
6.53
Div yield (avg)%
24.53
23.69
24.67
25.50
23.77
24.01
24.32
22.21
19.58
19.27
3.52
22.21
23.89
22
6.27
Payout ratio%
12.84
14.85
16.19
16.82
16.62
18.86
21.39
19.48
18.38
19.53
7.41
19.48
17.60
49
49.84
Shares (diluted)M
53.04
51.59
48.73
52.02
55.74
58.47
65.04
70.94
69.88
72.37
49.18
5.36%
2.36%
68
29.91
Buyback yield%
7.23
8.47
8.55
7.34
5.22
7.44
5.14
3.98
2.28
1.90
26.96
3.98
6.23
35
1.393
D/E ratiox
1.690
1.831
1.978
1.722
1.494
1.381
1.449
1.474
1.604
1.395
1.335
1.449
1.549
10
0.551
Enterprise value€M
4.684
5.064
5.903
6.768
7.227
8.479
8.143
8.483
8.237
7.801
3.104
1.54%
6.46%
61
2.327
LT debt€M
2.255
2.131
1.941
1.822
1.894
1.796
1.779
1.672
1.598
1.711
0.798
(2.01%)
(3.50%)
86
Revenue
€3.546M
7.16%
1.00×
Cost of revenue
€1.791M
6.68%
0.96×
Operating expenses
€0.652M
7.98%
1.08×
Goodwill & intangibles
19.88%
Return on capital
112.33%
Spread over hurdle
107.98%