0.088
Revenue€B
0.777
0.836
0.903
0.943
0.991
1.029
1.099
1.162
1.230
1.320
0.091
5.90%
5.83%
86
29.71
Revenue growth%
15.20
17.95
20.23
22.23
24.75
26.43
25.27
27.64
30.34
29.01
27.40
27.64
25.01
71
28.65
Gross margin%
28.88
26.54
25.38
25.59
25.90
26.62
27.23
26.53
25.14
25.09
20.70
26.53
26.22
26
5.87
Operating margin%
5.12
3.14
3.07
4.89
7.34
8.69
7.42
9.73
10.63
13.29
14.02
9.73
7.38
12
11.77
Net margin%
24.85
26.14
25.60
24.57
24.25
22.58
20.79
23.50
25.62
24.43
11.45
23.50
24.50
75
25.75
P/E ratio (avg)x
31.79
36.60
36.83
41.94
41.82
47.88
55.29
60.97
64.14
63.21
37.19
60.97
44.91
21
28.46
EV/EBITx
17.81
19.63
19.35
21.42
21.04
19.93
18.61
19.13
18.00
17.52
8.772
18.61
19.24
78
22.83
FCF yield (avg)%
15.34
16.00
18.57
16.29
16.16
16.32
18.07
20.61
23.46
24.65
5.22
20.61
17.19
53
24.35
FCF margin%
29.88
32.21
29.80
27.47
27.47
27.88
25.72
25.21
26.23
26.00
25.56
26.00
27.47
73
0.141
FCF / Net incomex
1.734
1.740
2.015
1.975
2.213
2.497
2.510
2.597
2.641
2.950
0.632
2.597
2.355
52
25.97
ROIC%
10.77
11.02
10.08
11.98
14.17
16.76
18.01
16.39
15.86
16.29
28.95
16.39
15.02
62
22.86
Return on equity%
29.89
26.90
26.26
26.85
25.77
27.00
29.03
29.16
30.01
28.80
15.63
29.03
27.90
94
4.00
Return on assets%
19.65
20.49
17.88
17.90
16.91
19.37
17.15
16.26
14.63
16.01
18.30
16.26
17.52
67
1.13
EPS€
0.40
0.41
0.44
0.41
0.42
0.44
0.48
0.46
0.52
0.53
1.22
4.68%
2.47%
—
24.67
EPS growth%
26.26
24.40
23.42
25.51
28.43
26.98
24.64
25.86
23.15
22.20
2.93
24.64
25.08
15
0.45
Bookvalue per sh€
0.30
0.28
0.27
0.29
0.30
0.29
0.30
0.30
0.31
0.34
1.09
2.14%
1.98%
—
1.05
FCF per share€
1.90
1.92
2.25
2.66
2.79
3.39
4.00
4.50
5.25
6.08
0.31
16.84%
14.12%
—
0.98
Dividend per sh€
0.30
0.32
0.35
0.37
0.39
0.39
0.40
0.43
0.50
0.53
0.35
6.61%
7.06%
—
29.21
Div yield (avg)%
24.17
26.23
28.36
28.18
28.38
28.56
28.06
28.03
26.55
26.72
20.95
28.03
28.05
6
9.62
Payout ratio%
18.04
17.10
15.45
15.19
17.11
16.42
15.81
15.68
16.15
16.44
8.44
16.15
16.29
92
350.6
Shares (diluted)M
245.3
264.4
275.9
281.0
293.4
298.3
330.7
367.3
378.7
383.4
351.1
5.50%
3.27%
37
16.31
Buyback yield%
24.39
22.59
24.51
24.87
24.38
26.25
23.98
23.23
25.92
24.80
17.50
24.80
24.45
53
0.179
D/E ratiox
0.685
0.752
0.820
0.938
1.013
1.174
1.351
1.519
1.505
1.493
0.810
1.493
1.093
57
254.5
Enterprise value€M
475.5
518.8
558.6
603.2
671.9
658.6
750.0
878.2
857.3
882.0
324.9
5.59%
6.92%
17
0.248
LT debt€B
1.101
0.979
0.893
0.839
0.825
0.883
0.979
0.944
0.899
0.846
1.063
0.50%
(2.77%)
70
Revenue
€1.320B
5.83%
1.00×
Cost of revenue
€730.8M
5.57%
0.98×
Operating expenses
€300.3M
6.00%
1.02×
Cash and investments
15.77%
Property and equipment
15.71%
Spread over hurdle
17.65%