1.425
Revenue€B
1.729
1.858
1.986
2.079
2.206
2.330
2.492
2.696
2.864
2.973
1.511
6.15%
6.16%
45
6.91
Revenue growth%
7.88
6.07
6.44
6.81
4.16
3.95
5.70
4.65
4.08
4.49
17.09
4.49
5.18
31
7.89
Gross margin%
11.52
11.42
10.99
10.25
8.58
10.45
12.14
12.08
10.55
12.36
3.03
12.08
11.21
48
6.73
Operating margin%
0.40
2.89
1.51
0.40
0.40
2.70
2.34
3.19
3.38
5.85
6.41
3.19
2.52
56
3.96
Net margin%
14.89
17.71
18.96
17.65
14.83
14.42
16.46
18.39
17.11
18.89
23.91
17.11
17.38
24
8.520
P/E ratio (avg)x
46.14
48.97
44.79
41.49
45.14
47.56
52.42
58.49
63.38
58.63
6.801
58.49
48.27
29
14.82
EV/EBITx
25.53
27.13
30.33
29.31
31.01
32.23
35.25
37.83
39.01
42.18
17.37
37.83
31.62
36
16.61
FCF yield (avg)%
16.58
16.19
15.89
15.93
14.15
12.39
14.32
13.60
14.18
13.83
25.74
13.83
14.25
12
26.22
FCF margin%
13.03
10.73
12.26
14.13
13.19
11.39
10.90
11.08
13.03
14.30
21.25
11.39
12.64
74
1.633
FCF / Net incomex
2.049
2.280
2.454
2.573
3.031
3.051
3.445
3.778
4.014
4.284
1.262
3.778
3.041
6
21.16
ROIC%
8.85
10.50
13.31
14.32
17.03
14.29
14.99
14.62
12.06
14.67
19.12
14.62
14.30
80
17.80
Return on equity%
25.32
22.60
22.07
20.75
22.28
23.31
20.90
22.18
19.48
19.30
19.34
20.90
22.12
40
28.39
Return on assets%
11.16
10.62
13.33
14.91
12.76
13.48
12.88
14.24
11.86
13.02
19.37
13.02
12.95
41
1.37
EPS€
2.77
2.82
2.99
3.04
3.57
4.07
4.48
5.13
5.96
6.40
1.47
12.35%
8.80%
—
3.18
EPS growth%
10.10
11.90
14.13
16.73
16.63
14.94
13.05
12.54
14.24
14.31
10.61
14.24
14.19
36
0.81
Bookvalue per sh€
1.21
1.12
1.04
1.01
1.05
0.93
0.95
1.01
0.91
0.93
0.86
(2.55%)
(4.00%)
—
0.92
FCF per share€
1.17
1.21
1.23
1.31
1.34
1.25
1.30
1.22
1.17
1.17
1.60
(2.62%)
0.59%
—
1.16
Dividend per sh€
1.77
1.79
2.07
2.04
1.99
1.95
2.05
2.47
2.96
2.92
1.26
7.97%
5.69%
—
22.07
Div yield (avg)%
12.56
11.58
9.68
9.18
10.37
10.38
13.13
11.73
9.27
11.78
21.34
11.73
10.98
29
10.84
Payout ratio%
3.47
5.32
6.00
5.86
7.95
8.69
9.16
11.70
13.92
12.04
6.51
11.70
8.32
35
0.602
Shares (diluted)B
0.728
0.707
0.782
0.840
0.811
0.872
0.948
0.999
1.117
1.058
0.606
5.44%
3.86%
40
26.09
Buyback yield%
26.72
29.46
30.41
30.24
33.23
35.75
36.50
37.12
37.52
40.38
13.02
37.12
34.49
20
1.464
D/E ratiox
0.851
0.783
0.784
0.705
0.753
0.810
0.778
0.836
0.845
0.823
0.970
0.823
0.797
86
2.072
Enterprise value€B
2.141
1.899
1.989
2.170
2.050
1.939
1.983
1.992
2.050
2.009
0.380
(0.41%)
(0.44%)
37
1.243
LT debt€B
0.120
0.115
0.125
0.118
0.110
0.108
0.119
0.120
0.125
0.130
1.886
3.34%
1.57%
42
Revenue
€2.973B
6.16%
1.00×
Cost of revenue
€2.081B
6.16%
1.00×
Operating expenses
€407.2M
5.55%
0.94×
Goodwill & intangibles
19.33%
Spread over hurdle
(1.80%)