1.025
Revenue€B
1.328
1.360
1.412
1.498
1.561
1.654
1.766
1.817
1.920
1.980
1.124
4.88%
4.38%
16
22.86
Revenue growth%
11.78
14.46
14.17
16.39
17.87
15.34
15.23
13.16
15.87
17.85
5.81
15.34
15.28
44
25.94
Gross margin%
14.01
11.45
11.79
12.59
13.25
13.81
13.15
11.35
13.89
12.67
2.80
13.15
12.91
34
18.91
Operating margin%
1.86
2.45
0.40
3.29
1.75
2.40
0.40
0.40
0.40
0.61
12.30
0.40
1.18
5
9.21
Net margin%
18.32
16.08
14.12
15.27
17.33
18.12
18.18
17.46
17.84
20.07
27.17
18.12
17.65
59
12.70
P/E ratio (avg)x
29.09
28.76
25.35
26.70
25.22
21.57
21.20
21.24
22.07
19.67
8.530
21.24
23.64
51
32.91
EV/EBITx
9.542
9.728
10.12
9.352
9.675
10.34
10.65
9.140
9.152
8.793
34.17
9.152
9.608
76
13.36
FCF yield (avg)%
22.63
25.27
28.00
29.29
29.53
27.82
30.11
31.11
32.75
33.23
18.95
31.11
29.41
8
14.09
FCF margin%
24.39
23.41
22.33
24.66
24.85
23.98
23.15
23.93
22.49
24.45
6.61
23.93
23.95
14
1.524
FCF / Net incomex
1.565
1.621
1.647
1.682
1.686
1.718
1.765
1.842
1.850
1.804
1.324
1.804
1.702
76
19.34
ROIC%
24.98
26.37
26.29
25.66
26.99
29.14
27.48
26.02
23.58
25.06
26.07
26.02
26.15
28
19.55
Return on equity%
22.57
22.37
20.80
21.22
22.71
22.24
20.22
20.89
21.51
22.22
28.77
21.51
21.86
30
24.72
Return on assets%
27.81
29.09
31.24
33.20
31.50
30.47
29.26
28.44
29.44
29.15
28.86
29.26
29.35
60
0.22
EPS€
0.56
0.58
0.59
0.57
0.58
0.59
0.63
0.59
0.63
0.64
0.25
1.84%
0.12%
—
27.04
EPS growth%
26.67
29.34
27.65
26.62
25.73
25.27
27.29
26.12
26.75
26.79
10.60
26.75
26.71
45
0.55
Bookvalue per sh€
0.39
0.42
0.51
0.61
0.63
0.74
0.76
0.93
0.93
1.07
0.09
11.43%
11.71%
—
0.10
FCF per share€
0.59
0.63
0.73
0.86
0.99
0.99
1.18
1.28
1.34
1.54
0.15
9.14%
11.69%
—
0.52
Dividend per sh€
0.29
0.31
0.34
0.32
0.33
0.38
0.43
0.47
0.51
0.53
0.10
9.93%
6.65%
—
12.57
Div yield (avg)%
32.32
32.55
30.57
33.34
33.51
36.21
36.13
34.38
33.12
35.64
11.89
35.64
33.42
56
25.77
Payout ratio%
13.67
15.85
17.29
20.26
20.11
20.95
20.17
18.27
15.28
15.04
24.50
18.27
17.78
7
818.9
Shares (diluted)M
919.6
961.5
949.1
943.5
828.4
794.3
804.7
704.3
621.2
561.9
785.3
(7.47%)
(4.79%)
57
24.74
Buyback yield%
2.11
5.11
2.55
4.08
3.60
6.55
6.97
9.71
11.31
12.41
17.49
9.71
5.83
92
0.738
D/E ratiox
0.182
0.201
0.215
0.208
0.209
0.223
0.234
0.224
0.205
0.190
1.467
0.223
0.208
78
1.141
Enterprise value€B
1.774
1.944
2.014
1.999
2.241
2.639
3.007
2.918
3.407
3.420
1.041
8.83%
7.91%
75
0.577
LT debt€B
0.645
0.581
0.658
0.663
0.701
0.728
0.753
0.749
0.804
0.847
1.545
3.86%
2.04%
86
Revenue
€1.980B
4.38%
1.00×
Cost of revenue
€1.082B
4.04%
0.97×
Operating expenses
€318.4M
5.09%
1.07×
Cash and investments
16.01%
Spread over hurdle
18.43%