1.958
Revenue€B
2.060
2.092
2.195
2.260
2.283
2.387
2.410
2.436
2.576
2.622
2.086
2.80%
2.91%
44
4.78
Revenue growth%
21.50
19.76
21.75
23.75
21.12
18.25
20.09
21.58
24.27
25.07
22.18
21.58
21.54
74
14.05
Gross margin%
16.81
19.72
22.33
20.48
22.95
21.84
19.38
17.98
18.79
19.80
24.75
19.38
19.76
10
16.55
Operating margin%
14.17
13.05
15.62
13.24
14.13
15.97
18.08
15.38
12.92
12.61
23.15
15.38
14.15
80
13.28
Net margin%
18.38
20.79
19.64
20.55
22.39
21.37
19.96
19.25
19.98
21.30
22.06
19.98
20.27
55
9.902
P/E ratio (avg)x
13.99
16.59
16.31
16.92
19.69
23.08
23.85
28.27
31.88
36.50
35.91
28.27
21.39
12
22.56
EV/EBITx
39.18
45.42
45.85
47.91
55.83
64.72
76.43
76.15
83.64
85.97
24.68
76.43
60.27
7
9.05
FCF yield (avg)%
32.34
31.31
30.49
29.27
29.92
30.70
30.87
30.05
30.84
29.59
8.73
30.70
30.59
66
21.70
FCF margin%
20.87
22.40
21.00
18.43
18.60
19.07
17.62
17.52
19.72
19.44
9.77
19.07
19.26
7
0.376
FCF / Net incomex
0.652
0.666
0.735
0.690
0.675
0.606
0.645
0.695
0.742
0.771
0.192
0.695
0.682
28
13.83
ROIC%
25.05
24.91
24.41
23.86
26.43
29.07
27.01
24.97
27.60
30.15
27.90
27.60
25.74
79
15.12
Return on equity%
14.64
15.88
14.69
13.01
15.06
13.64
10.77
11.53
9.85
9.45
2.63
10.77
13.32
72
28.45
Return on assets%
11.36
10.59
8.32
5.86
8.26
10.26
10.59
10.77
8.87
11.52
29.27
10.59
10.42
53
3.48
EPS€
6.40
5.68
5.16
4.98
4.33
4.56
4.64
4.11
4.18
4.16
3.65
(0.79%)
(5.27%)
—
25.52
EPS growth%
19.80
21.81
20.68
22.91
22.17
24.64
24.80
26.55
29.00
27.25
22.55
26.55
23.77
24
5.21
Bookvalue per sh€
2.54
2.56
2.41
2.64
2.85
3.22
3.14
3.30
3.79
3.78
7.86
5.87%
4.15%
—
4.91
FCF per share€
4.05
4.51
5.04
5.02
5.62
5.96
6.65
6.63
6.23
5.66
7.05
0.15%
3.80%
—
3.73
Dividend per sh€
4.42
4.62
4.50
4.34
4.45
5.10
5.72
6.10
5.88
5.70
1.22
5.08%
3.41%
—
4.51
Div yield (avg)%
23.08
23.29
24.20
21.67
21.76
23.05
24.21
24.52
23.59
25.71
28.27
24.21
23.44
47
19.30
Payout ratio%
24.21
24.82
25.26
26.92
25.64
25.25
24.95
22.41
20.20
19.07
19.39
22.41
24.88
83
206.1
Shares (diluted)M
246.1
240.7
258.8
253.3
280.8
263.9
234.0
257.8
233.4
256.2
210.3
(1.81%)
0.06%
21
24.38
Buyback yield%
24.14
25.69
26.87
24.73
25.41
25.96
25.12
27.13
26.45
25.80
4.10
25.96
25.74
79
0.739
D/E ratiox
0.316
0.354
0.363
0.396
0.452
0.453
0.443
0.438
0.456
0.434
0.415
0.443
0.436
52
2.263
Enterprise value€B
2.909
2.825
3.229
3.760
4.496
5.384
6.104
5.974
6.798
6.750
1.751
8.47%
9.35%
70
2.321
LT debt€B
0.657
0.716
0.764
0.766
0.751
0.712
0.767
0.787
0.843
0.857
1.299
2.67%
3.05%
21
Revenue
€2.622B
2.91%
1.00×
Cost of revenue
€1.631B
2.88%
1.00×
Operating expenses
€340.4M
2.64%
0.97×
Spread over hurdle
13.22%