1.244
Revenue€B
1.004
1.087
1.133
1.214
1.266
1.336
1.411
1.501
1.632
1.734
1.361
6.51%
6.37%
36
26.06
Revenue growth%
7.64
8.56
9.12
9.00
8.79
9.55
11.86
13.03
15.90
13.06
27.46
13.03
9.33
46
25.11
Gross margin%
32.89
30.99
29.04
30.33
27.48
29.82
30.22
30.36
30.36
31.62
21.97
30.36
30.34
37
10.63
Operating margin%
17.85
14.97
16.93
14.28
17.21
15.17
17.44
19.96
19.86
17.06
18.31
17.44
17.13
40
25.79
Net margin%
9.21
7.45
8.14
9.72
7.87
6.25
5.85
4.87
3.10
5.50
6.63
5.50
6.85
89
28.87
P/E ratio (avg)x
24.44
24.47
24.48
24.92
26.59
24.00
24.55
23.48
21.55
21.79
15.96
23.48
24.46
87
28.42
EV/EBITx
42.52
47.57
56.94
68.06
80.38
82.11
99.30
118.8
135.8
161.8
22.84
118.8
81.24
88
19.70
FCF yield (avg)%
19.35
16.96
14.83
15.80
14.57
12.53
11.39
9.36
7.68
9.56
5.67
9.56
13.55
8
2.99
FCF margin%
5.73
5.00
2.35
0.40
2.22
0.40
1.43
0.40
0.40
0.79
16.36
0.40
1.11
74
1.127
FCF / Net incomex
0.577
0.530
0.459
0.491
0.491
0.424
0.426
0.362
0.368
0.365
1.387
0.368
0.443
40
4.35
ROIC%
11.92
9.32
7.71
7.46
7.67
6.40
5.71
3.36
1.10
1.06
25.66
3.36
6.93
41
27.70
Return on equity%
29.86
28.57
31.47
32.50
31.45
30.79
32.41
30.41
29.52
28.23
23.29
30.41
30.60
29
13.63
Return on assets%
12.99
11.47
14.13
14.40
13.08
14.27
11.80
13.83
15.64
13.69
5.88
13.83
13.76
41
1.16
EPS€
4.69
4.56
4.53
4.11
3.67
3.95
3.42
3.68
3.21
3.29
1.19
(2.15%)
(4.48%)
—
24.53
EPS growth%
23.45
23.75
22.83
25.80
23.34
24.63
22.74
23.61
24.34
23.73
15.93
23.73
23.67
28
2.78
Bookvalue per sh€
3.69
3.54
3.42
3.41
3.25
3.68
3.53
3.91
4.43
4.30
6.18
5.74%
1.68%
—
2.15
FCF per share€
0.91
0.96
0.95
0.99
0.93
0.97
1.02
0.93
0.97
0.95
3.77
0.27%
(0.68%)
—
2.00
Dividend per sh€
5.80
6.53
7.02
7.95
8.25
9.06
10.21
10.18
10.68
10.63
1.46
5.19%
6.78%
—
27.51
Div yield (avg)%
8.87
7.02
4.48
2.00
3.00
5.53
3.35
0.56
2.22
3.66
19.54
3.35
3.51
46
8.41
Payout ratio%
24.40
22.60
22.46
20.52
18.35
21.00
20.27
21.12
19.65
19.86
9.68
20.27
20.76
63
143.9
Shares (diluted)M
283.0
319.2
380.6
456.7
455.6
550.6
649.8
710.9
827.8
938.2
142.5
15.54%
14.98%
57
6.71
Buyback yield%
5.37
2.44
3.20
2.73
1.22
1.31
2.16
1.26
1.15
0.40
18.80
1.26
1.73
83
0.171
D/E ratiox
0.109
0.107
0.113
0.119
0.132
0.140
0.152
0.156
0.165
0.179
1.115
0.156
0.136
53
0.416
Enterprise value€B
2.599
2.634
2.848
3.167
3.759
4.421
5.232
5.714
6.669
6.495
1.095
11.56%
11.13%
34
0.585
LT debt€B
2.118
2.070
2.294
2.675
2.984
3.006
2.997
3.044
3.597
3.548
0.899
3.53%
5.72%
73
Revenue
€1.734B
6.37%
1.00×
Cost of revenue
€1.172B
6.29%
0.99×
Operating expenses
€245.1M
6.66%
1.03×
Property and equipment
17.25%
Cash and investments
15.37%
Spread over hurdle
(2.54%)