2.165
Revenue€B
2.704
2.675
2.739
2.814
2.832
2.853
2.911
2.922
3.005
3.031
2.378
1.37%
1.20%
46
28.15
Revenue growth%
27.28
25.68
23.24
20.42
18.28
17.36
19.69
16.83
17.86
16.08
5.07
17.36
18.99
20
27.60
Gross margin%
27.00
26.78
23.93
26.28
24.65
22.23
22.34
23.33
23.56
25.83
29.25
23.33
24.29
65
7.81
Operating margin%
9.91
9.31
10.77
9.49
11.08
9.68
8.76
11.52
11.79
11.71
18.12
11.52
10.34
52
4.23
Net margin%
18.41
16.77
13.86
15.06
16.43
18.64
21.57
20.98
21.72
22.66
2.05
21.57
18.53
77
13.38
P/E ratio (avg)x
35.60
34.49
36.58
38.91
42.50
43.26
43.66
43.43
41.45
41.64
35.18
43.26
41.55
68
29.82
EV/EBITx
13.49
13.62
15.06
15.06
14.75
16.20
16.76
19.21
20.37
22.95
35.28
19.21
15.63
9
17.47
FCF yield (avg)%
22.39
24.43
25.19
23.42
25.74
23.32
25.77
24.81
25.21
23.71
17.98
24.81
24.62
70
8.93
FCF margin%
34.02
35.26
37.24
36.45
34.16
35.02
33.43
33.45
32.38
30.23
24.36
33.43
34.09
89
0.328
FCF / Net incomex
1.193
1.154
1.124
1.168
1.310
1.370
1.449
1.455
1.643
1.608
0.997
1.455
1.340
25
25.53
ROIC%
25.42
25.93
25.93
23.19
24.42
23.58
23.07
22.28
21.14
19.19
17.87
22.28
23.39
67
19.02
Return on equity%
11.79
9.45
11.93
12.15
14.42
16.24
18.34
19.60
16.87
14.42
6.21
16.87
14.42
40
23.76
Return on assets%
1.87
0.40
1.12
0.40
0.49
0.40
3.25
3.99
4.18
5.77
13.68
3.99
1.49
28
17.52
EPS€
15.75
15.00
16.08
14.50
15.60
15.25
14.44
14.96
12.94
11.55
18.00
(5.83%)
(2.46%)
—
24.31
EPS growth%
27.25
29.14
26.62
28.10
25.75
26.78
25.47
24.36
23.15
22.70
7.36
24.36
26.18
87
17.95
Bookvalue per sh€
21.66
21.45
22.54
24.74
24.40
21.64
22.18
23.93
23.44
22.52
13.81
(1.59%)
1.41%
—
11.60
FCF per share€
7.83
8.09
8.34
7.60
7.83
8.29
8.21
7.59
7.67
7.67
4.77
(0.42%)
(0.78%)
—
12.20
Dividend per sh€
7.12
7.86
7.91
8.11
7.63
7.28
7.47
6.56
7.22
6.78
15.45
(2.35%)
(1.11%)
—
26.76
Div yield (avg)%
17.69
20.66
21.89
22.96
22.15
23.14
22.75
25.50
23.00
21.55
9.80
23.00
22.45
40
11.50
Payout ratio%
3.90
2.90
5.65
3.62
3.42
0.43
0.40
0.40
0.40
0.66
26.66
0.40
1.78
77
81.80
Shares (diluted)M
85.56
97.40
108.7
99.27
100.4
95.33
108.5
119.2
131.8
134.1
79.22
5.95%
4.30%
86
23.61
Buyback yield%
15.70
13.35
10.93
13.59
10.94
13.11
13.17
13.47
11.97
11.22
14.17
13.11
13.14
77
1.708
D/E ratiox
0.118
0.118
0.126
0.126
0.111
0.098
0.105
0.091
0.098
0.093
0.702
0.098
0.108
39
2.065
Enterprise value€B
1.236
1.460
1.710
2.028
2.216
2.261
2.188
2.098
2.365
2.620
0.163
3.41%
7.32%
59
1.643
LT debt€B
1.466
1.555
1.619
1.512
1.518
1.641
1.478
1.348
1.456
1.522
0.527
0.05%
0.35%
19
Revenue
€3.031B
1.20%
1.00×
Cost of revenue
€2.122B
1.33%
1.01×
Operating expenses
€468.2M
1.24%
1.00×
Spread over hurdle
(4.18%)