4.341
Revenue€B
3.637
3.894
4.215
4.411
4.624
5.018
5.254
5.657
5.950
6.456
4.719
6.90%
6.75%
52
8.80
Revenue growth%
16.66
16.80
15.29
18.11
20.08
19.85
17.67
16.78
14.23
13.82
23.10
16.78
16.79
13
12.76
Gross margin%
15.92
14.96
12.47
15.28
16.55
13.66
15.38
18.11
18.93
18.31
24.84
18.11
15.65
41
10.39
Operating margin%
18.86
16.21
16.61
18.17
20.32
19.67
21.61
23.10
23.42
24.39
5.65
23.10
19.99
46
16.71
Net margin%
23.65
25.08
26.12
25.22
24.67
24.14
23.48
23.60
26.04
26.90
18.85
24.14
24.88
9
27.81
P/E ratio (avg)x
16.04
16.19
16.38
18.15
19.51
21.08
23.40
26.06
25.56
26.83
19.56
25.56
20.29
49
12.88
EV/EBITx
13.62
12.93
14.55
15.16
16.60
15.13
14.96
16.88
18.17
20.02
11.87
16.88
15.14
39
10.46
FCF yield (avg)%
23.24
25.27
22.53
21.87
23.34
20.35
22.74
22.09
22.31
19.83
8.01
22.09
22.42
79
24.41
FCF margin%
25.82
26.88
27.45
24.53
22.10
22.71
24.63
23.72
26.47
24.87
7.85
24.63
24.75
46
1.749
FCF / Net incomex
0.529
0.578
0.547
0.569
0.526
0.478
0.514
0.522
0.546
0.528
0.508
0.522
0.529
78
27.44
ROIC%
16.16
14.23
12.50
12.95
10.05
10.32
9.95
12.73
13.09
14.08
11.22
12.73
12.84
68
27.30
Return on equity%
13.67
14.69
14.81
11.91
12.34
11.19
13.91
14.73
16.43
17.82
9.10
14.73
14.30
16
10.38
Return on assets%
24.23
25.87
24.00
23.73
24.21
25.98
26.52
27.96
25.05
22.10
25.86
25.98
24.64
47
0.32
EPS€
0.47
0.55
0.65
0.77
0.82
0.87
1.02
1.02
1.05
1.23
0.33
8.57%
9.71%
—
8.44
EPS growth%
28.25
29.57
32.44
33.07
33.96
31.55
30.37
30.06
31.03
33.09
28.26
31.03
31.29
46
0.61
Bookvalue per sh€
0.89
1.07
1.12
1.20
1.20
1.24
1.44
1.58
1.76
2.07
0.53
11.54%
10.28%
—
0.10
FCF per share€
0.50
0.49
0.51
0.53
0.49
0.50
0.55
0.58
0.62
0.68
0.09
6.81%
2.22%
—
0.60
Dividend per sh€
0.13
0.14
0.13
0.14
0.15
0.16
0.16
0.18
0.20
0.20
0.09
5.94%
5.37%
—
19.62
Div yield (avg)%
15.64
15.91
18.57
16.81
17.06
14.55
14.00
13.27
13.71
12.58
13.80
13.71
15.10
86
6.58
Payout ratio%
0.40
0.40
1.23
3.39
2.70
0.40
2.50
3.38
5.86
4.50
12.56
3.38
2.60
84
5.619
Shares (diluted)B
8.880
8.357
9.252
10.14
10.41
11.57
11.16
10.63
10.12
11.49
5.477
1.99%
3.87%
54
26.78
Buyback yield%
16.66
18.61
18.51
20.16
20.19
20.08
20.72
22.10
23.71
22.72
10.37
22.10
20.17
58
1.754
D/E ratiox
0.856
0.928
0.914
0.991
1.129
1.123
1.085
1.207
1.123
1.060
0.409
1.123
1.072
7
2.217
Enterprise value€B
3.684
3.779
3.867
4.151
4.857
5.027
4.998
5.321
6.088
6.580
4.299
6.26%
7.33%
10
0.701
LT debt€B
1.013
1.074
1.083
1.195
1.359
1.589
1.878
1.930
2.056
2.035
3.689
8.41%
8.91%
58
Revenue
€6.456B
6.75%
1.00×
Cost of revenue
€3.006B
7.12%
1.04×
Operating expenses
€1.225B
6.42%
0.97×
Cash and investments
21.32%
Spread over hurdle
15.50%