1.711
Revenue€M
1.995
2.128
2.225
2.308
2.407
2.546
2.696
2.873
2.973
3.121
1.847
5.33%
4.94%
51
8.05
Revenue growth%
13.39
14.51
13.64
14.05
14.04
11.09
9.79
12.35
13.47
10.80
19.36
11.09
13.43
63
25.44
Gross margin%
32.45
29.80
30.22
29.84
26.95
26.62
27.09
24.29
24.62
26.23
2.53
26.23
27.02
76
13.45
Operating margin%
4.46
3.16
2.09
1.09
0.40
3.32
6.01
4.51
6.63
8.04
22.43
6.01
3.89
32
10.88
Net margin%
3.34
5.63
8.24
6.58
5.60
5.68
3.94
4.53
6.88
9.70
23.40
5.68
5.65
76
31.36
P/E ratio (avg)x
22.92
21.50
22.68
26.30
26.19
25.35
28.17
27.92
29.70
31.74
10.43
28.17
26.24
41
13.65
EV/EBITx
17.97
17.69
17.76
18.89
20.96
24.95
24.44
25.94
26.80
30.43
33.63
25.94
22.70
48
15.67
FCF yield (avg)%
27.35
27.39
25.38
28.25
28.84
28.69
27.20
25.06
25.12
22.79
22.26
25.12
27.28
79
18.71
FCF margin%
10.10
8.51
7.48
7.71
10.16
11.84
12.86
10.01
8.40
6.19
6.70
10.01
9.26
76
1.554
FCF / Net incomex
1.059
1.047
1.165
1.027
0.991
0.990
1.083
1.071
1.028
1.127
1.624
1.071
1.053
8
3.30
ROIC%
1.02
0.40
0.40
0.40
0.40
3.39
0.91
0.40
0.40
2.11
2.04
0.91
0.40
79
10.24
Return on equity%
8.23
7.66
5.39
4.22
6.81
5.67
6.46
7.40
7.98
7.85
29.13
7.40
7.10
80
23.36
Return on assets%
30.02
30.59
28.65
30.37
28.70
29.32
30.06
28.55
27.60
27.82
4.98
28.55
29.01
17
0.40
EPS€
0.18
0.16
0.14
0.13
0.11
0.10
0.09
0.08
0.08
0.07
0.44
(7.88%)
(8.78%)
—
3.53
EPS growth%
10.43
12.35
11.15
10.08
8.26
6.64
9.61
9.95
7.40
9.24
7.38
9.24
9.78
53
0.31
Bookvalue per sh€
0.20
0.18
0.16
0.17
0.18
0.16
0.15
0.15
0.14
0.13
0.30
(6.40%)
(4.16%)
—
0.32
FCF per share€
0.22
0.20
0.18
0.19
0.18
0.19
0.18
0.19
0.18
0.20
0.13
2.38%
0.29%
—
0.32
Dividend per sh€
0.18
0.18
0.16
0.14
0.15
0.14
0.12
0.12
0.11
0.11
0.25
(5.13%)
(5.78%)
—
21.98
Div yield (avg)%
30.45
29.55
30.23
30.61
30.38
29.74
29.06
31.77
31.86
30.65
5.27
30.65
30.41
64
11.19
Payout ratio%
6.33
7.00
8.78
9.22
6.68
5.23
7.57
5.75
8.43
5.51
12.61
5.75
6.84
39
11.21
Shares (diluted)M
11.99
11.24
11.73
12.52
13.70
12.27
11.18
10.88
10.57
10.87
10.75
(4.52%)
(1.25%)
79
28.20
Buyback yield%
16.27
14.53
11.73
11.14
9.80
8.51
7.28
5.60
4.53
2.17
6.61
5.60
9.16
50
0.782
D/E ratiox
1.636
1.642
1.806
2.100
2.148
2.440
2.629
2.617
2.656
3.134
1.362
2.629
2.294
21
2.634
Enterprise value€M
2.123
2.034
2.276
2.190
2.412
2.413
2.524
2.490
2.417
2.649
3.577
1.90%
1.98%
71
3.639
LT debt€M
1.197
1.116
1.170
1.263
1.420
1.561
1.465
1.506
1.360
1.449
3.302
0.40%
1.67%
54
Revenue
€3.121M
4.94%
1.00×
Cost of revenue
€1.718M
5.10%
1.01×
Operating expenses
€0.723M
5.34%
1.04×
Cash and investments
16.95%
Spread over hurdle
41.15%