238.4
Revenue€M
251.6
265.8
282.1
291.8
315.2
333.3
358.4
379.6
408.3
423.6
257.0
6.09%
5.81%
18
18.50
Revenue growth%
18.80
16.74
14.75
13.90
14.87
12.77
11.88
9.63
7.73
8.09
11.23
9.63
13.34
19
19.47
Gross margin%
21.33
18.97
17.23
14.25
15.93
14.71
12.78
14.96
17.20
18.24
4.26
14.96
16.57
84
24.87
Operating margin%
26.27
28.57
27.51
26.35
27.19
29.16
27.70
28.97
29.88
32.59
23.93
29.16
28.13
29
9.21
Net margin%
9.99
11.53
10.03
12.26
15.10
17.25
19.28
21.21
21.75
19.34
4.06
19.34
16.18
18
26.48
P/E ratio (avg)x
11.99
11.57
11.51
12.21
11.65
12.38
12.05
11.14
10.28
9.197
23.05
11.14
11.61
25
35.70
EV/EBITx
23.17
21.18
18.79
17.59
18.27
19.13
20.72
20.74
20.71
18.13
12.55
20.71
19.92
17
10.90
FCF yield (avg)%
27.14
26.78
24.70
25.46
24.58
24.61
24.10
22.99
24.83
27.56
20.03
24.61
24.77
73
11.82
FCF margin%
18.72
17.28
17.08
14.25
12.14
11.70
10.88
9.12
11.64
11.48
17.43
11.48
11.92
15
0.921
FCF / Net incomex
2.647
2.844
3.356
3.694
3.658
4.074
4.256
4.370
4.915
5.264
0.783
4.370
3.884
13
12.72
ROIC%
27.07
28.16
27.69
29.28
28.87
30.79
28.57
27.79
26.06
27.89
9.67
27.89
28.03
6
9.61
Return on equity%
28.46
29.00
27.24
28.52
29.33
32.27
32.26
31.96
30.41
32.00
12.94
32.00
29.87
71
18.75
Return on assets%
14.27
14.89
16.37
18.44
16.16
16.71
15.02
15.32
17.58
19.15
2.44
16.71
16.27
84
2.01
EPS€
2.63
2.38
2.52
2.54
2.29
2.10
1.90
2.01
2.21
2.28
2.21
(0.08%)
(2.69%)
—
27.10
EPS growth%
22.58
20.08
21.52
19.36
17.70
16.50
19.00
16.09
13.81
16.41
22.62
16.41
18.35
62
1.34
Bookvalue per sh€
0.70
0.64
0.56
0.56
0.53
0.56
0.53
0.47
0.51
0.48
1.53
(1.73%)
(4.78%)
—
2.05
FCF per share€
1.08
1.13
1.10
1.07
1.08
1.11
1.31
1.49
1.72
1.77
1.58
10.33%
6.81%
—
1.92
Dividend per sh€
1.96
2.14
2.17
2.10
2.01
1.90
2.11
2.27
2.24
2.32
2.63
2.91%
2.30%
—
25.12
Div yield (avg)%
8.56
11.30
9.30
8.84
11.24
12.93
13.05
11.11
13.78
14.58
10.33
13.05
11.27
42
4.18
Payout ratio%
18.83
17.88
18.86
19.01
19.68
17.56
16.65
14.73
15.87
14.86
14.14
15.87
17.72
71
60.30
Shares (diluted)M
81.53
83.38
98.01
110.4
111.4
114.5
126.0
132.4
152.6
149.1
60.63
5.99%
7.82%
78
12.95
Buyback yield%
18.16
17.14
15.55
16.08
16.59
14.06
16.71
16.53
15.92
15.50
2.93
15.92
16.31
76
1.058
D/E ratiox
1.793
1.980
2.211
2.593
2.938
3.275
3.655
3.812
4.212
4.748
0.897
3.812
3.107
43
151.9
Enterprise value€M
262.7
238.2
253.7
259.3
234.7
220.5
201.8
199.3
208.7
215.8
50.74
(1.67%)
(3.08%)
30
281.3
LT debt€M
118.2
114.4
131.0
129.0
125.7
131.5
150.0
168.0
195.5
192.5
403.3
8.90%
6.25%
25
Revenue
€423.6M
5.81%
1.00×
Cost of revenue
€253.1M
6.00%
1.02×
Operating expenses
€74.64M
5.76%
1.00×
Cash and investments
16.16%
Spread over hurdle
39.78%