2.120
Revenue€B
3.105
3.246
3.409
3.564
3.859
4.201
4.436
4.737
5.033
5.340
2.263
6.72%
6.22%
49
16.82
Revenue growth%
26.70
28.59
27.20
29.27
28.81
31.52
31.97
30.77
32.49
29.99
23.37
31.52
29.63
32
26.59
Gross margin%
5.66
4.14
3.16
2.19
1.85
1.67
0.40
2.51
3.68
4.56
16.37
2.51
2.84
33
12.46
Operating margin%
2.04
0.95
1.54
4.48
5.88
8.50
6.57
6.26
8.64
6.40
21.15
6.57
6.07
25
23.40
Net margin%
32.27
32.88
35.86
37.72
38.76
40.22
41.10
42.88
43.75
41.99
18.20
41.99
39.49
56
11.65
P/E ratio (avg)x
27.75
30.50
27.85
27.98
26.54
23.49
20.88
21.14
20.63
18.84
14.87
20.88
25.01
56
20.32
EV/EBITx
17.32
17.29
19.34
19.45
19.58
22.74
22.37
23.10
26.39
26.72
26.55
23.10
20.98
25
15.76
FCF yield (avg)%
18.71
21.09
18.56
20.21
19.91
17.28
15.26
13.80
16.26
15.72
21.35
15.72
17.92
43
14.23
FCF margin%
26.93
28.57
30.46
29.02
27.27
28.56
29.35
27.01
26.39
25.02
20.23
27.01
27.92
54
1.412
FCF / Net incomex
1.514
1.689
1.737
2.049
2.140
2.349
2.705
2.716
2.669
2.627
1.563
2.669
2.245
62
5.71
ROIC%
5.80
8.28
6.49
5.03
3.64
4.10
3.55
3.53
4.86
3.49
6.11
3.55
4.48
46
6.08
Return on equity%
15.67
17.28
18.87
19.16
16.81
18.55
18.04
18.27
16.00
18.48
2.59
18.27
18.15
44
10.91
Return on assets%
8.04
6.96
9.66
11.25
8.92
6.46
9.03
9.98
8.28
6.85
2.24
8.28
8.60
15
6.40
EPS€
9.36
10.56
11.07
10.31
11.14
11.48
10.69
10.05
11.43
12.90
6.94
2.98%
4.05%
—
27.30
EPS growth%
17.63
19.46
18.20
16.30
14.44
13.98
15.52
16.60
18.31
15.73
11.32
15.73
16.45
84
6.95
Bookvalue per sh€
25.61
30.85
34.66
37.47
43.88
51.06
59.15
67.32
78.48
83.17
14.66
13.64%
14.51%
—
3.55
FCF per share€
12.64
14.01
15.50
17.74
18.55
18.84
21.36
22.59
22.59
25.78
20.31
6.81%
8.75%
—
20.85
Dividend per sh€
16.20
17.21
14.60
14.18
12.16
11.41
10.65
10.46
10.27
10.15
22.77
(3.56%)
(4.23%)
—
21.73
Div yield (avg)%
16.80
15.70
15.58
13.75
10.87
8.23
10.05
12.79
14.24
16.30
4.36
12.79
13.99
19
4.20
Payout ratio%
11.41
12.46
11.22
10.01
7.91
8.85
7.02
7.11
5.23
4.68
27.65
7.02
8.38
60
253.8
Shares (diluted)M
317.9
335.4
335.3
381.9
409.1
435.4
496.0
589.3
611.7
603.1
240.7
8.07%
7.65%
79
17.57
Buyback yield%
6.92
6.63
3.63
5.90
4.77
3.07
5.86
5.88
7.34
4.54
6.28
5.86
5.87
65
1.046
D/E ratiox
0.312
0.377
0.433
0.518
0.560
0.597
0.620
0.733
0.866
0.886
1.254
0.733
0.578
84
3.978
Enterprise value€B
5.658
6.054
5.784
5.270
5.798
5.147
5.458
4.993
5.455
5.671
2.440
(0.44%)
(0.30%)
10
0.946
LT debt€B
3.050
3.061
3.460
3.276
3.595
3.540
3.755
3.943
3.802
4.077
4.698
2.55%
2.97%
6
Revenue
€5.340B
6.22%
1.00×
Cost of revenue
€3.067B
6.16%
0.99×
Operating expenses
€928.4M
6.29%
1.01×
Goodwill & intangibles
20.17%
Cash and investments
14.04%