238.5
Revenue€M
514.3
535.6
564.0
601.1
652.4
709.4
765.9
797.2
834.6
259.0
295.6
6.79%
6.30%
6
27.53
Revenue growth%
25.21
22.39
24.21
23.78
26.66
27.40
28.28
30.44
28.48
9.44
20.84
28.28
25.93
16
23.31
Gross margin%
33.13
32.20
31.93
31.88
29.94
28.87
30.85
28.69
27.64
23.81
29.69
28.87
30.90
59
24.75
Operating margin%
15.24
15.38
13.41
16.18
18.75
17.40
18.27
17.39
15.86
16.82
26.63
17.40
16.02
76
11.52
Net margin%
1.19
2.70
3.46
2.39
4.92
6.19
8.79
6.01
8.66
6.72
5.73
6.19
4.28
23
14.75
P/E ratio (avg)x
44.03
46.29
45.33
48.10
48.91
51.13
53.76
56.12
62.53
16.89
29.95
53.76
48.50
90
17.58
EV/EBITx
7.173
7.539
7.034
6.662
6.207
5.733
5.369
5.305
5.329
11.79
14.69
5.369
6.434
6
23.27
FCF yield (avg)%
21.39
21.17
19.85
18.93
16.67
17.90
16.90
16.06
16.80
23.81
13.59
16.80
18.42
55
9.15
FCF margin%
12.40
13.14
13.85
12.79
13.77
15.49
16.82
18.76
20.85
2.45
9.54
16.82
14.38
47
0.107
FCF / Net incomex
0.344
0.372
0.435
0.447
0.440
0.451
0.447
0.532
0.604
1.473
1.563
0.451
0.444
53
6.31
ROIC%
11.97
14.01
16.83
18.13
21.08
20.46
20.55
17.56
16.32
26.42
2.87
20.46
17.19
18
2.96
Return on equity%
12.22
9.91
12.36
12.18
12.52
11.30
12.41
9.98
11.81
14.79
20.76
11.81
12.20
94
17.04
Return on assets%
6.92
7.44
4.46
5.04
3.75
2.50
3.25
2.60
0.82
22.50
13.57
2.60
4.10
49
0.76
EPS€
0.63
0.65
0.64
0.76
0.75
0.77
0.92
0.93
1.11
0.78
0.80
7.74%
7.73%
—
22.84
EPS growth%
31.48
28.65
31.15
32.76
31.27
33.23
35.62
35.13
35.94
20.01
6.84
35.13
32.12
48
0.57
Bookvalue per sh€
0.58
0.60
0.53
0.47
0.49
0.51
0.52
0.51
0.55
0.12
0.70
3.38%
(0.60%)
—
0.33
FCF per share€
0.19
0.20
0.23
0.23
0.21
0.22
0.23
0.26
0.28
0.38
0.16
4.00%
5.37%
—
0.88
Dividend per sh€
0.64
0.68
0.71
0.79
0.74
0.77
0.80
0.72
0.78
0.61
0.38
(0.06%)
2.48%
—
6.93
Div yield (avg)%
1.82
3.83
3.05
4.75
6.86
7.98
7.17
7.72
9.42
22.54
28.35
7.72
5.80
61
14.06
Payout ratio%
25.80
25.35
26.58
25.95
23.58
22.76
23.60
21.82
19.42
25.29
27.24
22.76
24.47
81
504.1
Shares (diluted)M
363.3
337.2
325.3
336.9
311.5
337.2
313.6
290.3
256.1
499.9
502.4
(5.34%)
(4.08%)
43
26.65
Buyback yield%
18.27
17.92
16.41
14.94
12.70
10.88
12.37
12.29
9.33
9.46
19.37
12.29
13.82
57
1.219
D/E ratiox
0.252
0.228
0.257
0.250
0.270
0.301
0.311
0.323
0.329
0.873
1.163
0.311
0.267
66
46.52
Enterprise value€M
85.01
81.36
75.85
70.38
71.14
67.70
67.36
65.72
56.70
338.5
197.4
(4.23%)
(5.24%)
25
298.5
LT debt€M
207.3
184.1
193.4
201.2
187.9
169.1
153.4
149.1
165.0
272.2
608.1
(3.89%)
(2.25%)
45
Revenue
€834.6M
6.30%
1.00×
Cost of revenue
€419.7M
6.00%
0.97×
Operating expenses
€163.6M
6.84%
1.05×
Spread over hurdle
10.85%