1.480
Revenue€B
1.444
1.573
1.717
1.810
1.917
2.107
2.271
2.402
2.534
2.715
1.625
7.21%
7.18%
45
8.02
Revenue growth%
0.40
2.69
0.53
0.71
0.40
1.16
3.76
2.39
1.09
0.40
8.30
1.16
0.90
67
21.03
Gross margin%
25.68
27.59
28.28
26.07
27.42
26.13
28.97
28.68
26.75
29.73
7.44
28.68
27.50
94
2.17
Operating margin%
11.44
8.74
6.27
8.88
11.48
13.64
14.86
15.92
18.45
16.92
9.43
15.92
12.56
25
10.83
Net margin%
27.59
25.54
24.68
22.83
23.50
22.42
21.11
22.91
24.40
25.79
24.91
22.91
23.95
34
18.91
P/E ratio (avg)x
12.42
13.29
13.97
14.33
15.92
14.01
14.99
15.95
17.08
16.89
10.88
15.95
14.66
91
15.60
EV/EBITx
9.505
9.309
8.990
9.317
8.792
9.579
9.671
9.052
10.27
10.15
25.99
9.671
9.411
46
26.64
FCF yield (avg)%
7.91
7.81
7.52
8.21
6.42
9.07
9.15
9.23
6.65
3.88
15.43
9.07
7.86
18
18.40
FCF margin%
0.40
2.57
1.62
0.40
0.40
0.40
0.40
0.40
1.04
0.40
25.59
0.40
0.40
59
0.917
FCF / Net incomex
1.075
0.952
0.827
0.762
0.791
0.826
0.758
0.679
0.594
0.524
0.364
0.679
0.776
85
9.49
ROIC%
20.66
20.24
19.87
20.18
20.61
22.14
23.96
24.06
26.54
27.57
14.25
24.06
21.40
64
8.45
Return on equity%
21.43
18.80
17.49
15.62
17.90
16.65
17.76
20.19
19.03
16.04
2.31
17.76
17.83
36
7.10
Return on assets%
5.33
5.43
5.59
2.61
1.03
0.40
0.40
0.40
0.40
3.15
28.93
0.40
1.82
23
12.09
EPS€
7.07
7.28
7.74
8.48
8.90
9.07
8.29
8.35
7.29
6.57
12.98
(5.89%)
(0.76%)
—
21.66
EPS growth%
13.17
11.83
9.56
10.23
12.44
14.26
14.45
12.82
10.30
9.33
6.30
12.82
12.14
20
3.92
Bookvalue per sh€
10.30
9.07
8.59
8.48
9.03
8.56
7.86
8.49
7.48
7.59
13.22
(3.41%)
(2.35%)
—
12.12
FCF per share€
18.63
20.45
20.49
19.13
19.43
17.81
17.98
19.46
18.07
16.59
13.39
(3.11%)
(0.80%)
—
5.34
Dividend per sh€
6.40
6.91
7.45
8.14
9.21
10.52
10.84
11.43
12.06
11.88
11.71
5.23%
7.61%
—
8.08
Div yield (avg)%
8.25
9.61
8.15
10.27
9.80
10.33
9.51
7.26
9.03
11.85
24.57
9.51
9.56
21
12.51
Payout ratio%
30.76
31.86
33.70
31.77
34.47
34.85
32.94
33.39
34.89
36.79
22.33
34.85
33.54
41
108.7
Shares (diluted)M
166.7
188.3
208.5
236.1
240.8
276.4
269.0
280.4
304.5
314.8
107.5
5.50%
7.38%
25
22.84
Buyback yield%
22.50
20.58
22.52
22.82
22.51
24.20
24.36
21.47
20.81
23.02
11.22
23.02
22.51
10
0.845
D/E ratiox
1.417
1.433
1.651
1.775
1.794
1.983
2.330
2.498
2.418
2.661
1.674
2.418
1.889
29
1.358
Enterprise value€B
3.350
3.650
4.015
4.043
4.449
4.809
4.750
4.919
4.876
4.939
2.209
2.11%
6.00%
9
1.283
LT debt€B
2.216
2.586
2.885
3.381
3.980
4.104
4.816
4.729
4.668
4.607
0.996
2.97%
9.16%
15
Revenue
€2.715B
7.18%
1.00×
Cost of revenue
€1.900B
7.18%
1.00×
Operating expenses
€549.1M
7.76%
1.06×
Goodwill & intangibles
17.25%
Spread over hurdle
(2.67%)