100.1
Revenue€M
441.2
447.9
455.1
466.1
476.8
474.2
490.7
486.4
492.3
111.6
120.0
1.10%
0.88%
50
28.64
Revenue growth%
30.22
29.50
30.58
31.46
29.08
27.81
28.13
28.29
26.17
3.98
23.61
28.13
29.29
49
20.02
Gross margin%
6.00
8.27
8.65
6.31
3.35
4.35
2.11
4.98
2.52
20.69
19.15
3.35
4.85
18
2.22
Operating margin%
28.11
25.84
28.00
27.70
30.13
28.04
28.67
30.19
31.89
4.90
3.48
30.13
28.39
28
20.76
Net margin%
23.96
21.80
24.07
22.32
20.78
19.63
20.88
17.89
19.78
4.84
17.21
19.78
21.34
59
15.19
P/E ratio (avg)x
13.40
15.14
16.52
16.40
16.83
18.43
18.40
20.81
22.25
27.80
27.28
18.43
16.67
61
12.42
EV/EBITx
24.95
27.49
27.41
30.08
32.23
30.44
31.29
35.36
37.25
22.54
19.24
32.23
30.26
50
25.86
FCF yield (avg)%
25.02
25.93
23.98
26.37
29.08
26.87
25.43
24.90
26.95
22.43
8.77
26.87
26.15
73
29.56
FCF margin%
24.57
21.86
19.13
16.91
17.71
20.14
17.81
16.80
18.59
3.97
19.98
17.81
18.86
75
0.868
FCF / Net incomex
0.521
0.504
0.540
0.574
0.545
0.513
0.479
0.492
0.540
0.102
0.450
0.513
0.527
80
18.64
ROIC%
25.71
27.41
26.59
27.52
28.19
30.21
31.74
33.11
30.30
5.69
25.40
30.30
27.85
81
13.17
Return on equity%
25.70
27.69
26.55
26.73
25.40
25.88
25.77
25.60
27.25
25.06
10.09
25.77
25.82
24
13.11
Return on assets%
21.02
22.41
20.71
19.18
18.07
17.68
19.27
16.53
17.32
10.46
19.81
17.68
19.23
47
0.52
EPS€
0.26
0.26
0.25
0.23
0.21
0.19
0.19
0.19
0.19
0.56
0.57
(3.64%)
(2.86%)
—
16.58
EPS growth%
2.78
4.84
7.09
5.73
2.87
4.41
6.50
7.60
6.37
21.80
18.83
6.37
5.29
92
0.20
Bookvalue per sh€
0.75
0.84
0.93
1.00
1.12
1.22
1.40
1.43
1.61
0.49
0.11
10.07%
9.94%
—
0.24
FCF per share€
0.35
0.34
0.33
0.31
0.30
0.29
0.30
0.31
0.35
0.33
0.54
2.46%
(0.17%)
—
0.15
Dividend per sh€
0.30
0.33
0.39
0.46
0.54
0.59
0.64
0.69
0.72
0.18
0.40
9.33%
9.36%
—
17.67
Div yield (avg)%
23.01
25.46
27.51
28.31
30.98
31.72
29.70
30.46
33.14
29.23
6.84
30.98
29.00
43
11.48
Payout ratio%
11.07
12.62
12.04
12.95
11.94
14.54
17.50
16.68
17.51
20.17
14.07
16.68
12.79
20
475.0
Shares (diluted)M
387.5
405.0
403.1
377.0
390.8
421.1
456.7
462.0
439.0
476.4
482.2
3.09%
(0.77%)
74
23.50
Buyback yield%
13.87
13.49
16.38
15.17
16.17
17.20
18.83
17.13
14.36
20.91
14.43
17.13
15.67
81
0.449
D/E ratiox
1.025
1.146
1.178
1.392
1.496
1.603
1.782
2.089
2.499
0.384
1.636
1.782
1.444
40
119.8
Enterprise value€M
147.2
168.5
181.7
206.1
231.4
257.5
293.7
350.0
359.2
120.0
261.1
11.75%
11.82%
64
276.2
LT debt€M
35.39
33.31
32.02
30.99
31.33
30.38
27.45
24.43
24.50
252.4
334.5
(4.59%)
(2.08%)
10
Revenue
€492.3M
0.88%
1.00×
Cost of revenue
€344.6M
0.88%
1.00×
Operating expenses
€95.88M
0.69%
0.98×
Goodwill & intangibles
17.51%
Property and equipment
14.34%
Spread over hurdle
15.98%