2.309
Revenue€B
1.800
1.924
1.968
2.093
2.214
2.264
2.364
2.459
2.559
2.611
2.432
3.35%
4.08%
65
27.15
Revenue growth%
0.90
0.40
0.62
0.40
1.28
1.69
3.64
1.13
2.69
2.90
16.85
2.69
1.21
22
6.84
Gross margin%
8.89
8.44
7.21
9.32
10.77
13.16
15.54
16.22
13.52
13.12
11.05
13.52
11.95
36
25.43
Operating margin%
3.30
1.07
2.03
2.39
0.40
0.40
0.40
0.40
0.40
0.40
9.42
0.40
0.40
53
19.53
Net margin%
8.39
8.01
10.26
13.20
13.64
13.37
16.04
13.44
15.01
16.04
11.35
15.01
13.40
23
28.49
P/E ratio (avg)x
61.47
69.85
74.25
79.30
79.69
81.92
96.92
96.46
98.18
110.5
30.26
96.92
80.81
91
34.35
EV/EBITx
14.20
16.38
15.73
16.41
16.30
18.87
18.54
17.66
18.95
20.63
6.190
18.87
17.04
10
6.67
FCF yield (avg)%
15.01
17.12
16.11
13.64
12.44
13.75
14.34
14.12
17.10
17.54
11.05
14.34
14.68
64
15.99
FCF margin%
26.18
24.77
26.52
29.48
28.01
29.38
27.44
28.78
31.29
30.61
23.10
29.38
28.40
39
0.435
FCF / Net incomex
1.107
1.078
1.207
1.237
1.329
1.558
1.889
1.948
2.210
2.624
0.647
1.948
1.444
17
4.32
ROIC%
5.39
2.46
2.76
4.58
3.65
5.08
4.63
3.08
4.14
4.59
22.33
4.59
4.36
32
2.02
Return on equity%
2.70
5.36
3.57
1.66
0.40
0.50
0.91
2.13
3.33
2.98
8.94
2.13
2.41
78
25.84
Return on assets%
26.55
23.96
21.82
19.59
19.36
18.88
20.19
20.42
19.71
19.57
14.27
19.71
19.95
6
8.20
EPS€
5.49
5.13
4.53
4.58
4.66
4.01
3.80
4.01
3.72
4.00
9.16
(3.00%)
(4.52%)
—
25.35
EPS growth%
13.13
13.13
10.32
10.05
9.31
8.30
6.25
4.40
2.44
5.07
12.25
5.07
8.81
49
8.42
Bookvalue per sh€
3.07
2.85
3.10
3.38
3.49
3.39
3.68
3.56
3.39
3.46
9.55
(0.19%)
2.66%
—
5.98
FCF per share€
7.94
8.51
8.67
9.40
9.73
8.94
8.17
7.40
6.71
7.11
11.07
(6.07%)
(0.54%)
—
4.75
Dividend per sh€
7.33
7.37
7.58
7.07
7.24
7.86
8.37
8.49
7.89
7.47
7.71
0.63%
(0.91%)
—
3.16
Div yield (avg)%
6.56
6.18
7.79
6.32
6.48
8.22
9.82
9.73
10.09
12.22
9.46
9.82
8.01
19
10.94
Payout ratio%
16.61
17.38
18.99
17.36
18.51
20.33
20.06
20.51
22.16
19.62
12.83
20.33
19.30
15
172.6
Shares (diluted)M
124.3
130.1
131.0
139.5
131.1
134.4
146.5
146.3
125.6
107.6
172.7
(3.87%)
(2.26%)
19
22.97
Buyback yield%
30.56
32.00
34.12
35.67
37.63
34.96
37.23
37.75
40.63
39.10
22.71
37.75
36.45
55
0.212
D/E ratiox
1.176
1.119
1.090
1.092
1.276
1.246
1.389
1.593
1.671
1.837
1.495
1.593
1.261
11
1.976
Enterprise value€B
1.749
1.912
2.118
2.165
2.296
2.251
2.224
2.100
2.045
2.384
2.235
0.75%
4.62%
34
2.246
LT debt€B
1.201
1.277
1.273
1.300
1.400
1.361
1.405
1.511
1.403
1.424
0.725
0.34%
2.72%
85
Revenue
€2.611B
4.08%
1.00×
Cost of revenue
€1.666B
4.06%
1.00×
Operating expenses
€299.8M
2.96%
0.90×
Property and equipment
18.84%
Cash and investments
14.62%
Spread over hurdle
41.14%