1.736
Revenue€M
23.21
24.87
26.66
28.56
30.94
33.42
34.76
36.40
39.21
41.63
1.899
6.12%
6.46%
17
2.39
Revenue growth%
28.90
26.17
28.95
31.75
31.74
30.62
30.96
28.73
27.72
27.38
16.04
28.73
28.93
49
18.94
Gross margin%
11.52
11.54
9.42
10.24
11.67
10.66
9.60
9.75
11.46
10.05
8.44
10.05
10.45
45
11.20
Operating margin%
10.45
10.90
12.93
12.66
13.00
12.80
12.62
14.65
16.98
19.44
8.42
14.65
12.87
54
28.96
Net margin%
11.50
14.46
12.94
10.26
10.03
11.12
10.16
9.21
9.08
10.58
12.64
10.16
10.42
57
20.89
P/E ratio (avg)x
20.30
23.02
22.62
21.70
23.33
24.26
23.68
21.27
22.76
21.60
7.672
22.76
22.69
58
10.17
EV/EBITx
14.98
16.33
16.34
16.27
17.70
19.19
18.46
20.60
20.45
21.84
14.35
20.45
18.08
69
17.21
FCF yield (avg)%
15.24
15.89
13.03
15.84
17.89
20.46
21.91
22.78
25.04
25.55
22.60
22.78
19.18
46
5.28
FCF margin%
17.81
17.15
18.84
20.04
17.48
16.34
14.89
12.84
12.88
12.86
6.97
12.88
16.74
64
0.166
FCF / Net incomex
0.867
0.907
0.990
0.976
1.007
1.018
1.120
1.144
1.110
1.140
0.245
1.120
1.013
67
28.03
ROIC%
7.23
4.34
5.65
8.23
11.09
12.99
11.88
13.90
13.25
10.73
3.87
12.99
10.91
14
27.66
Return on equity%
16.38
18.51
15.56
17.35
17.55
14.60
14.83
13.68
13.26
14.75
4.51
14.60
15.19
51
23.61
Return on assets%
5.65
7.66
7.06
8.47
6.65
4.46
6.43
5.87
4.71
6.59
6.77
5.87
6.51
15
1.55
EPS€
1.11
1.06
1.01
1.09
1.03
0.99
1.00
0.99
1.05
1.03
1.63
0.05%
(0.24%)
—
25.74
EPS growth%
21.32
20.79
20.31
20.50
21.79
19.22
17.91
16.51
16.02
17.12
20.88
17.12
19.76
22
1.19
Bookvalue per sh€
0.96
0.97
1.03
1.15
1.20
1.26
1.35
1.55
1.85
2.00
1.60
10.69%
9.21%
—
0.71
FCF per share€
1.93
1.92
1.92
2.14
2.14
2.17
2.46
2.66
2.68
2.60
0.83
3.99%
4.00%
—
0.28
Dividend per sh€
1.72
1.72
1.85
2.08
1.92
1.76
1.86
1.76
1.79
2.01
1.46
0.92%
2.42%
—
20.80
Div yield (avg)%
28.30
27.01
27.30
30.19
30.53
32.08
31.75
33.87
30.96
31.07
13.44
31.75
30.74
24
9.96
Payout ratio%
18.33
15.40
18.02
19.31
16.77
17.61
15.25
14.55
12.52
15.31
3.12
15.25
16.08
65
10.45
Shares (diluted)M
12.95
12.31
13.06
15.01
17.29
17.28
17.98
19.17
18.59
18.83
10.30
1.73%
5.26%
82
9.11
Buyback yield%
2.60
2.54
1.22
1.13
1.17
1.76
0.40
0.88
0.40
0.40
11.88
0.40
1.15
57
1.287
D/E ratiox
2.420
2.842
2.941
2.925
3.192
3.108
3.089
3.631
4.020
3.928
0.330
3.631
3.099
37
15.56
Enterprise value€M
35.96
37.24
36.62
39.24
39.85
45.53
50.47
57.27
62.18
62.15
5.057
9.30%
5.75%
77
33.20
LT debt€M
9.780
10.36
10.02
11.07
12.34
11.21
11.66
12.84
12.53
11.48
25.00
(1.43%)
1.84%
93
Revenue
€41.63M
6.46%
1.00×
Cost of revenue
€29.14M
6.46%
1.00×
Operating expenses
€4.988M
6.62%
1.02×
Cash and investments
17.17%
Spread over hurdle
11.20%