1.029
Revenue€M
1.055
1.130
1.206
1.290
1.403
1.556
1.673
1.811
1.928
2.063
1.051
8.01%
7.91%
42
19.15
Revenue growth%
14.40
16.31
16.95
15.37
14.82
17.43
15.84
18.01
15.54
18.29
4.81
17.43
16.07
28
28.48
Gross margin%
0.73
0.40
0.52
0.40
3.01
0.52
0.40
3.22
4.52
2.09
21.33
2.09
0.63
73
19.97
Operating margin%
5.93
4.06
1.25
0.40
0.40
0.40
0.40
0.40
0.40
1.06
26.74
0.40
0.40
76
15.88
Net margin%
10.56
7.88
8.08
7.18
7.70
6.57
9.43
10.33
10.93
10.97
21.29
10.33
8.75
57
18.36
P/E ratio (avg)x
13.22
14.65
14.33
13.96
15.00
16.96
17.03
19.14
21.28
24.69
14.12
19.14
15.98
20
16.98
EV/EBITx
8.440
9.195
9.603
10.83
11.73
11.30
11.63
13.57
14.55
15.09
27.62
13.57
11.46
23
23.72
FCF yield (avg)%
15.92
16.18
14.69
16.23
16.63
17.50
17.19
19.72
17.88
19.14
29.55
17.88
16.91
77
8.24
FCF margin%
10.12
7.26
8.32
9.35
6.86
5.22
3.08
2.96
5.14
4.49
8.20
4.49
6.04
68
0.555
FCF / Net incomex
1.052
1.174
1.222
1.253
1.277
1.275
1.432
1.575
1.737
1.838
1.538
1.575
1.276
17
11.26
ROIC%
20.24
22.54
21.74
19.13
16.70
16.27
16.53
14.71
13.55
15.10
13.14
15.10
16.61
18
25.87
Return on equity%
26.02
23.89
25.10
22.77
23.53
25.69
25.01
26.37
24.82
24.42
12.11
25.01
24.92
32
22.45
Return on assets%
18.65
20.75
23.32
24.33
21.62
20.62
23.42
23.62
24.04
23.83
11.89
23.62
23.37
70
0.07
EPS€
0.25
0.25
0.24
0.23
0.23
0.23
0.24
0.24
0.24
0.24
0.07
0.59%
(0.17%)
—
3.20
EPS growth%
18.78
19.15
18.15
17.71
15.36
17.40
17.94
19.82
22.53
19.68
26.35
19.68
18.47
65
0.20
Bookvalue per sh€
0.12
0.12
0.12
0.13
0.13
0.15
0.16
0.15
0.16
0.15
0.09
2.81%
2.95%
—
0.15
FCF per share€
0.22
0.24
0.27
0.31
0.33
0.36
0.35
0.36
0.39
0.43
0.11
5.29%
7.08%
—
0.21
Dividend per sh€
0.11
0.12
0.14
0.15
0.15
0.17
0.16
0.16
0.19
0.21
0.20
7.35%
7.02%
—
3.08
Div yield (avg)%
26.92
25.74
27.11
24.97
27.77
27.32
27.38
27.53
28.70
30.23
18.09
27.53
27.35
79
24.25
Payout ratio%
21.78
20.69
21.65
19.55
17.41
14.75
12.16
10.66
13.16
10.21
23.42
12.16
16.08
53
6.101
Shares (diluted)M
7.780
7.558
8.761
9.767
10.68
12.03
13.90
16.14
17.61
19.92
6.095
13.29%
10.09%
25
14.42
Buyback yield%
15.88
18.17
16.83
18.18
17.00
17.35
16.26
18.93
16.72
15.06
26.06
16.72
16.92
33
0.788
D/E ratiox
0.500
0.555
0.506
0.552
0.544
0.562
0.620
0.658
0.689
0.735
1.166
0.658
0.558
24
1.679
Enterprise value€M
0.606
0.598
0.614
0.697
0.775
0.923
1.068
1.097
1.313
1.325
2.509
11.33%
8.11%
60
0.359
LT debt€M
0.633
0.638
0.669
0.684
0.775
0.789
0.871
0.898
0.943
0.989
1.036
5.00%
5.41%
91
Revenue
€2.063M
7.91%
1.00×
Cost of revenue
€1.444M
7.91%
1.00×
Operating expenses
€0.389M
7.35%
0.95×
Cash and investments
17.45%
Spread over hurdle
(2.23%)