0.625
Revenue€B
0.658
0.699
0.754
0.813
0.871
0.919
0.964
1.009
1.050
1.104
0.647
4.85%
5.86%
93
7.78
Revenue growth%
29.58
29.24
30.28
30.95
28.10
26.71
25.75
23.18
21.96
18.98
12.64
23.18
27.41
37
23.91
Gross margin%
16.83
19.16
16.17
14.28
13.37
10.51
9.16
11.63
12.77
10.60
4.64
10.60
13.07
84
28.01
Operating margin%
3.08
4.38
1.94
2.56
5.12
6.22
5.03
3.88
4.88
2.62
16.46
4.88
4.13
80
16.86
Net margin%
32.16
33.39
33.44
32.30
33.31
32.29
34.23
31.85
31.38
32.29
3.12
32.29
32.30
89
8.512
P/E ratio (avg)x
40.82
40.04
42.48
39.66
34.66
35.06
31.73
27.85
28.42
29.47
6.796
29.47
34.86
76
37.09
EV/EBITx
17.20
19.02
18.72
18.17
20.58
21.10
22.25
25.71
27.31
28.89
7.120
25.71
20.84
30
4.82
FCF yield (avg)%
0.40
0.40
1.76
0.40
0.40
1.76
0.49
1.34
1.12
0.40
12.47
1.12
0.44
61
10.41
FCF margin%
20.45
19.96
18.34
16.05
15.05
12.68
9.95
11.42
9.50
9.15
13.58
9.95
13.87
82
0.213
FCF / Net incomex
3.244
3.184
3.364
3.435
3.408
3.767
4.516
5.395
6.355
7.698
1.568
5.395
3.601
84
23.35
ROIC%
16.30
16.13
18.53
16.54
17.99
15.80
14.24
15.18
13.30
13.84
7.55
14.24
15.96
49
12.79
Return on equity%
28.20
29.02
30.05
28.50
28.34
26.51
24.78
23.31
21.41
24.31
28.99
24.31
27.35
42
13.10
Return on assets%
12.30
13.64
10.93
10.43
12.25
12.62
14.23
11.83
13.44
14.62
13.45
13.44
12.46
21
0.56
EPS€
0.68
0.69
0.65
0.69
0.65
0.60
0.63
0.69
0.77
0.74
0.59
2.75%
0.50%
—
18.92
EPS growth%
14.50
11.53
12.07
14.42
14.79
11.97
10.46
7.52
4.57
5.31
26.78
7.52
11.75
41
1.65
Bookvalue per sh€
2.25
2.26
2.32
2.32
2.13
2.30
2.43
2.36
2.48
2.27
0.94
1.31%
0.76%
—
0.61
FCF per share€
0.77
0.81
0.92
0.97
0.97
1.04
1.18
1.14
1.27
1.43
1.07
7.99%
6.03%
—
2.05
Dividend per sh€
2.46
2.86
3.04
3.15
3.60
4.07
4.27
4.12
4.06
4.29
2.33
3.54%
5.28%
—
13.74
Div yield (avg)%
19.78
19.18
17.91
16.94
15.36
16.87
18.81
16.59
17.39
16.46
9.76
16.87
17.17
48
10.62
Payout ratio%
14.58
12.32
14.79
17.17
17.32
14.73
17.22
17.64
18.67
18.73
23.30
17.64
17.20
67
197.0
Shares (diluted)M
205.3
224.6
227.4
235.5
222.3
255.8
287.1
287.6
273.8
253.0
202.4
2.62%
1.56%
86
7.76
Buyback yield%
15.80
14.19
15.13
18.08
16.21
17.08
15.05
14.64
13.21
13.27
12.33
14.64
15.09
64
0.431
D/E ratiox
0.885
0.790
0.860
0.864
0.810
0.765
0.654
0.568
0.519
0.513
1.013
0.568
0.778
9
1,022
Enterprise value€M
531.9
503.8
471.9
458.3
437.1
447.0
439.4
477.2
504.8
473.1
178.6
1.60%
(1.82%)
32
0.442
LT debt€B
0.930
0.896
0.899
0.902
0.941
0.999
0.998
1.096
1.193
1.333
0.599
7.22%
4.02%
88
Revenue
€1.104B
5.86%
1.00×
Cost of revenue
€605.4M
6.15%
1.03×
Operating expenses
€219.3M
5.36%
0.95×
Cash and investments
19.67%
Spread over hurdle
10.49%