309.2
Revenue€M
257.9
255.3
256.0
261.9
265.1
267.6
274.3
279.3
281.5
284.5
319.9
1.42%
0.96%
6
26.40
Revenue growth%
9.49
10.56
12.39
12.18
12.87
11.09
9.05
7.14
4.47
5.40
20.73
7.14
10.03
83
16.78
Gross margin%
16.43
14.26
11.57
12.97
10.46
8.57
6.90
6.33
8.72
6.37
18.66
6.90
9.59
58
29.03
Operating margin%
8.79
6.63
7.26
6.52
7.45
10.30
11.04
8.27
9.93
12.73
8.56
10.30
8.53
9
6.93
Net margin%
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
2.64
1.07
18.74
0.40
0.40
57
12.22
P/E ratio (avg)x
20.17
19.94
19.33
22.67
23.76
25.85
27.48
30.25
31.57
36.29
19.59
30.25
24.81
63
7.017
EV/EBITx
26.87
27.70
29.72
32.99
35.47
41.33
41.93
50.04
54.63
65.72
20.51
50.04
38.40
67
17.19
FCF yield (avg)%
24.89
26.34
25.57
28.52
27.99
30.58
27.91
30.25
30.03
31.89
13.64
30.25
28.25
90
21.05
FCF margin%
5.13
5.60
7.98
8.72
9.73
7.96
7.88
10.61
11.08
12.43
3.04
10.61
8.35
89
1.418
FCF / Net incomex
0.933
0.912
1.077
1.087
1.029
0.981
1.035
1.187
1.211
1.422
0.610
1.187
1.056
53
22.10
ROIC%
17.14
18.38
16.58
17.73
16.59
17.32
17.67
18.91
17.11
14.15
24.18
17.32
17.23
73
18.79
Return on equity%
28.19
31.14
28.61
26.70
28.96
27.20
27.06
28.49
30.50
28.36
24.84
28.36
28.43
42
12.66
Return on assets%
18.50
17.36
15.50
13.76
11.56
13.34
16.26
15.73
15.13
17.15
29.98
15.73
15.61
85
1.11
EPS€
8.41
9.08
9.27
9.77
10.28
11.57
11.78
11.67
13.46
12.77
1.19
4.44%
4.59%
—
27.66
EPS growth%
28.64
25.85
23.62
25.48
25.93
25.84
25.36
26.24
27.15
25.10
8.83
25.84
25.84
59
2.70
Bookvalue per sh€
6.58
7.07
6.40
7.25
6.58
6.35
6.78
6.97
7.89
8.91
1.13
6.25%
4.05%
—
1.90
FCF per share€
3.60
3.50
3.30
3.15
3.57
3.69
3.53
3.92
4.07
4.54
4.18
4.92%
2.94%
—
4.62
Dividend per sh€
1.03
0.98
1.11
1.07
1.19
1.27
1.24
1.20
1.15
1.06
3.40
(2.39%)
(0.09%)
—
8.64
Div yield (avg)%
2.93
0.69
0.40
0.40
0.40
2.06
3.90
4.54
5.07
3.98
15.32
3.98
2.49
30
24.53
Payout ratio%
12.42
11.46
12.85
10.94
12.23
13.03
10.36
11.95
11.22
12.18
18.21
11.95
12.07
19
24.37
Shares (diluted)M
24.47
25.01
22.51
21.12
21.95
21.84
21.87
19.64
17.75
18.36
23.78
(3.51%)
(2.86%)
75
14.08
Buyback yield%
13.32
11.19
11.56
11.95
14.36
16.78
19.75
22.67
22.03
20.10
17.60
20.10
15.57
32
1.014
D/E ratiox
0.434
0.484
0.545
0.633
0.687
0.690
0.700
0.733
0.856
0.883
1.044
0.733
0.688
27
99.78
Enterprise value€M
306.5
318.2
326.8
345.9
349.6
354.8
331.6
370.8
388.3
445.5
195.4
4.96%
3.38%
10
0.192
LT debt€B
0.470
0.533
0.604
0.614
0.728
0.815
0.839
0.921
1.102
1.126
0.229
9.11%
10.07%
62
Revenue
€284.5M
0.96%
1.00×
Cost of revenue
€199.1M
1.05%
1.01×
Operating expenses
€38.83M
1.61%
1.07×
Spread over hurdle
(1.14%)