420.1
Revenue€M
407.8
417.4
421.9
428.9
437.3
445.6
458.0
477.7
486.7
501.2
459.6
2.76%
2.26%
79
26.70
Revenue growth%
18.54
18.29
17.96
20.39
19.88
21.16
20.44
21.71
20.37
19.41
8.96
20.44
20.12
30
14.71
Gross margin%
15.96
15.43
16.82
17.21
17.41
17.76
18.69
15.82
16.53
17.89
14.71
17.76
17.02
38
11.77
Operating margin%
24.62
23.54
26.14
25.45
22.89
22.13
20.99
22.66
20.69
23.39
26.12
22.13
23.14
47
21.33
Net margin%
19.36
17.94
15.54
12.96
10.58
7.81
7.77
8.40
11.00
8.85
18.13
8.40
10.79
9
30.81
P/E ratio (avg)x
20.82
21.95
20.11
18.77
20.49
18.86
16.72
17.79
19.09
20.83
23.91
18.86
19.60
85
10.93
EV/EBITx
30.79
33.09
30.55
29.41
32.40
34.35
37.37
41.79
41.82
38.45
16.82
38.45
33.72
22
29.05
FCF yield (avg)%
30.06
29.74
32.01
30.87
31.00
32.22
30.09
30.00
32.32
33.26
4.22
32.22
30.93
13
15.77
FCF margin%
23.68
22.99
25.45
23.00
20.35
22.19
20.47
22.88
25.56
28.56
27.52
22.88
23.00
74
0.376
FCF / Net incomex
2.930
3.268
3.651
3.744
4.291
4.371
4.799
5.073
4.981
5.051
1.509
4.981
4.331
7
18.98
ROIC%
3.53
5.86
8.44
8.68
8.35
8.25
8.68
11.26
12.39
11.07
8.04
11.07
8.56
38
11.86
Return on equity%
16.34
13.97
12.40
14.31
15.29
13.17
15.34
17.25
19.42
21.52
7.77
17.25
15.31
88
16.93
Return on assets%
7.03
9.43
11.68
14.35
16.39
15.50
14.95
12.68
14.13
14.89
5.31
14.89
14.24
36
6.57
EPS€
8.07
9.40
9.02
9.58
9.40
9.59
9.55
10.58
12.34
14.31
7.02
8.77%
6.09%
—
20.43
EPS growth%
1.87
4.10
5.13
6.36
8.86
7.82
9.91
9.08
11.63
13.41
9.64
9.91
8.34
87
4.28
Bookvalue per sh€
5.07
4.69
4.37
4.10
3.76
4.16
3.96
4.10
4.31
4.27
3.19
2.60%
(2.40%)
—
6.20
FCF per share€
3.78
4.04
4.41
4.71
5.30
5.91
5.90
7.07
7.83
7.94
7.14
8.41%
8.21%
—
4.18
Dividend per sh€
5.96
6.71
6.96
6.64
6.37
6.89
7.59
7.99
9.16
10.34
3.89
10.16%
6.64%
—
13.28
Div yield (avg)%
23.91
21.33
18.69
19.53
17.27
14.42
13.77
11.57
11.21
8.23
23.44
11.57
15.85
66
2.08
Payout ratio%
9.12
9.44
7.21
9.44
6.47
5.17
2.33
2.97
0.54
2.56
3.57
2.56
5.82
49
20.23
Shares (diluted)M
23.93
21.75
23.04
23.00
20.99
19.48
19.69
18.91
18.21
19.12
20.49
(1.85%)
(1.29%)
49
10.33
Buyback yield%
21.94
21.95
23.59
22.26
20.02
21.70
19.90
22.72
22.07
24.35
3.97
22.07
22.01
24
1.485
D/E ratiox
0.874
0.985
1.093
1.201
1.249
1.288
1.397
1.445
1.458
1.603
0.790
1.445
1.268
79
0.426
Enterprise value€B
0.643
0.695
0.816
0.921
0.945
1.045
1.121
1.228
1.440
1.660
0.249
11.93%
10.87%
47
172.9
LT debt€M
480.4
428.4
385.4
401.6
399.7
408.7
398.8
404.9
362.6
378.1
356.4
(1.11%)
(1.79%)
94
Revenue
€501.2M
2.26%
1.00×
Cost of revenue
€350.8M
2.26%
1.00×
Operating expenses
€80.02M
2.81%
1.05×
Property and equipment
20.31%
Spread over hurdle
(0.99%)