296.0
Revenue€M
135.9
150.1
163.6
175.2
190.3
209.0
224.3
244.0
269.6
294.4
304.7
9.12%
8.88%
69
29.12
Revenue growth%
8.64
6.42
4.37
6.39
4.42
5.95
5.75
6.22
4.16
5.61
16.08
5.75
5.85
85
25.65
Gross margin%
16.43
15.54
15.62
17.21
19.55
18.21
20.15
23.11
25.55
24.81
4.15
23.11
18.88
69
29.12
Operating margin%
5.53
5.66
4.22
4.10
6.29
8.74
7.87
5.09
5.89
8.59
22.73
7.87
5.78
74
9.21
Net margin%
25.22
28.22
26.29
25.78
25.85
25.59
22.94
24.43
25.83
23.51
8.54
24.43
25.69
11
11.94
P/E ratio (avg)x
8.402
9.273
9.303
10.08
10.68
10.28
9.395
9.211
9.033
9.799
31.03
9.395
9.349
66
21.94
EV/EBITx
10.15
10.81
10.74
10.85
11.26
11.56
11.48
10.98
11.80
12.20
20.73
11.56
11.12
7
27.90
FCF yield (avg)%
17.06
19.86
18.03
19.42
18.06
19.61
17.28
19.18
16.63
13.98
13.75
17.28
18.05
70
27.02
FCF margin%
24.79
22.88
23.24
22.96
25.44
23.05
25.08
22.66
21.50
18.63
4.31
22.66
23.01
26
0.417
FCF / Net incomex
0.626
0.624
0.650
0.710
0.787
0.900
0.969
1.024
1.088
1.264
0.274
1.024
0.844
34
18.09
ROIC%
22.70
19.84
21.69
22.59
19.66
19.11
16.22
13.30
10.47
10.89
12.66
13.30
19.38
66
14.70
Return on equity%
2.07
3.90
5.23
6.70
7.25
6.83
9.36
9.69
11.68
8.88
21.24
9.36
7.04
63
17.39
Return on assets%
16.18
18.04
19.32
21.43
23.05
24.68
22.78
20.27
20.11
20.63
3.38
20.63
20.45
53
3.82
EPS€
8.80
9.64
10.91
12.07
11.58
13.80
15.98
18.66
21.52
22.99
3.97
14.71%
10.96%
—
6.76
EPS growth%
29.73
27.72
26.83
29.41
28.02
30.86
30.46
31.36
31.90
31.23
6.30
31.23
30.09
78
1.66
Bookvalue per sh€
1.70
1.71
1.76
1.72
1.73
1.59
1.74
1.72
1.77
1.81
2.96
0.92%
0.01%
—
1.09
FCF per share€
2.49
2.55
2.90
3.12
3.13
3.47
3.80
3.70
3.54
3.83
3.34
4.13%
3.60%
—
3.80
Dividend per sh€
1.41
1.27
1.11
1.03
1.05
0.90
0.90
0.97
0.85
0.87
1.13
(3.60%)
(5.19%)
—
20.19
Div yield (avg)%
32.93
30.32
30.98
33.18
33.50
34.42
36.84
37.89
36.52
36.94
4.62
36.84
33.96
58
18.96
Payout ratio%
0.40
0.40
0.97
2.32
4.40
4.67
3.50
1.88
2.46
2.91
29.75
2.91
2.39
30
68.70
Shares (diluted)M
81.65
90.76
105.1
118.8
129.8
127.3
127.9
143.9
161.2
183.7
68.76
7.18%
10.34%
84
29.57
Buyback yield%
21.31
20.84
18.92
20.71
21.91
24.62
25.26
24.65
25.53
26.86
15.35
25.26
23.26
81
0.593
D/E ratiox
1.882
2.027
2.166
1.973
2.100
2.245
2.308
2.336
2.497
2.634
0.155
2.336
2.205
24
148.9
Enterprise value€M
145.1
155.3
177.8
193.1
214.8
231.5
232.9
257.4
288.9
316.1
200.2
8.03%
8.26%
72
171.9
LT debt€M
105.1
113.7
102.0
95.45
86.45
92.40
96.36
99.61
103.7
102.3
108.8
3.42%
0.64%
24
Revenue
€294.4M
8.88%
1.00×
Cost of revenue
€192.8M
8.94%
1.01×
Operating expenses
€57.60M
8.46%
0.96×
Spread over hurdle
10.01%