1.609
Revenue€B
1.960
2.127
2.255
2.350
2.455
2.634
2.803
3.040
3.177
3.349
1.759
6.41%
5.92%
53
10.42
Revenue growth%
24.58
24.54
27.52
25.49
24.28
23.40
24.26
24.53
25.48
22.57
23.70
24.26
24.53
43
29.92
Gross margin%
16.92
15.56
15.24
14.62
16.81
16.58
17.94
16.99
15.91
15.03
10.60
16.58
16.25
59
22.32
Operating margin%
12.64
14.67
12.55
12.48
15.02
15.06
13.83
16.60
15.96
12.97
7.07
15.06
14.25
38
25.47
Net margin%
6.88
3.97
3.45
5.66
4.13
5.54
8.42
7.46
5.81
2.93
2.58
5.81
5.60
27
15.83
P/E ratio (avg)x
23.97
26.52
25.77
26.33
29.50
27.81
26.42
25.84
27.77
31.23
27.12
27.77
26.47
22
15.88
EV/EBITx
19.54
19.04
16.84
14.58
13.35
11.41
12.13
12.61
12.98
11.59
32.83
12.13
13.16
33
4.00
FCF yield (avg)%
9.63
6.75
8.47
7.52
6.74
3.75
0.81
3.46
0.92
0.40
28.85
0.92
5.24
56
26.18
FCF margin%
27.88
28.71
28.25
30.09
31.86
33.11
32.61
30.37
31.05
28.10
23.44
31.05
30.23
81
1.186
FCF / Net incomex
1.387
1.628
1.831
1.851
2.245
2.262
2.535
2.910
3.014
3.231
0.988
2.910
2.253
23
7.92
ROIC%
17.71
17.99
16.07
18.83
17.97
15.10
12.83
11.93
12.89
14.02
17.81
12.89
15.59
63
10.19
Return on equity%
12.56
11.93
12.70
13.14
15.13
12.67
15.24
16.85
15.80
13.17
10.58
15.24
13.16
93
20.13
Return on assets%
19.94
19.41
16.77
14.83
17.12
18.29
18.55
21.48
20.61
18.48
7.03
18.55
18.51
61
13.57
EPS€
5.62
6.82
7.21
7.45
8.05
8.57
9.57
10.74
12.84
13.79
13.95
11.35%
9.21%
—
2.19
EPS growth%
24.19
26.62
25.20
24.62
26.90
25.10
25.48
23.29
25.95
25.24
13.99
25.24
25.22
43
4.55
Bookvalue per sh€
3.27
3.30
3.34
3.03
3.26
3.00
3.04
3.09
3.02
2.68
12.23
(3.88%)
(2.04%)
—
6.06
FCF per share€
9.37
9.34
9.10
9.27
8.50
7.85
7.11
6.53
5.65
5.82
3.70
(7.29%)
(4.70%)
—
9.35
Dividend per sh€
9.87
8.81
9.50
9.17
8.66
8.86
8.04
7.14
6.84
7.56
13.20
(2.67%)
(1.77%)
—
3.05
Div yield (avg)%
4.33
6.81
4.23
3.96
5.75
8.61
8.42
9.17
10.34
12.72
17.00
9.17
7.61
54
24.65
Payout ratio%
23.92
21.54
19.80
19.00
20.98
18.09
18.64
19.07
19.10
19.90
28.15
19.07
19.45
38
110.3
Shares (diluted)M
192.5
217.7
243.8
289.8
303.7
313.1
361.1
374.2
435.5
470.4
111.1
9.15%
10.02%
31
6.75
Buyback yield%
23.39
25.38
24.33
27.19
28.60
27.61
30.28
32.17
29.41
31.96
3.00
30.28
28.11
14
1.218
D/E ratiox
0.894
0.926
0.883
0.959
0.869
0.889
0.828
0.733
0.760
0.792
1.260
0.792
0.876
61
2.421
Enterprise value€B
3.046
3.207
3.465
3.644
3.296
3.124
3.083
2.931
2.798
2.939
2.022
(2.26%)
0.02%
48
0.788
LT debt€B
3.681
3.422
3.551
3.368
3.009
3.213
3.146
2.949
3.201
3.519
0.581
3.18%
0.29%
22
Revenue
€3.349B
5.92%
1.00×
Cost of revenue
€1.673B
6.05%
1.01×
Operating expenses
€556.5M
5.13%
0.93×
Cash and investments
19.15%
Property and equipment
18.86%
Spread over hurdle
12.82%