2.385
Revenue€B
1.787
1.880
2.017
2.158
2.229
2.385
2.559
2.653
2.772
2.931
2.640
5.62%
5.74%
79
17.62
Revenue growth%
17.44
19.90
22.53
23.58
26.51
27.26
29.91
29.17
28.78
30.66
19.36
29.17
26.89
91
5.65
Gross margin%
5.34
5.04
7.83
5.98
5.49
6.22
7.45
5.71
6.16
9.09
23.89
6.22
6.07
60
10.19
Operating margin%
10.77
12.37
10.35
10.16
7.53
5.06
2.40
5.26
4.69
2.11
24.41
4.69
6.39
32
7.50
Net margin%
30.56
30.36
33.03
35.37
32.45
34.71
34.59
36.06
34.92
35.17
26.11
34.92
34.65
15
26.60
P/E ratio (avg)x
54.06
63.19
64.25
67.18
69.23
74.25
76.45
79.61
92.47
98.12
7.454
79.61
71.74
35
6.942
EV/EBITx
15.84
17.51
19.29
20.97
22.79
20.25
21.90
20.78
20.02
18.19
16.63
20.25
20.14
42
15.57
FCF yield (avg)%
0.40
2.65
4.32
3.67
4.73
5.77
8.48
11.30
10.02
10.49
7.02
10.02
5.25
63
26.77
FCF margin%
17.67
19.98
19.82
21.29
21.13
24.07
25.51
24.84
27.30
24.41
18.25
24.84
22.68
23
0.130
FCF / Net incomex
3.094
3.413
3.794
3.716
4.085
4.314
4.710
4.622
5.434
5.605
1.662
4.710
4.200
82
19.59
ROIC%
20.02
17.68
20.26
18.69
20.29
22.65
22.17
21.48
24.20
23.56
6.23
22.65
20.88
57
4.18
Return on equity%
31.64
33.86
36.74
36.18
36.02
34.33
33.96
31.80
33.38
31.34
6.89
33.38
33.91
5
24.57
Return on assets%
14.51
15.24
15.71
18.30
19.74
21.82
22.48
20.40
17.85
15.88
4.29
20.40
18.07
63
10.02
EPS€
4.12
3.86
3.58
3.27
3.07
2.79
2.81
2.97
2.92
2.95
10.54
(0.76%)
(3.70%)
—
23.21
EPS growth%
28.74
28.16
30.33
28.89
30.06
28.13
27.30
27.93
30.57
27.91
5.96
27.93
28.45
51
3.02
Bookvalue per sh€
7.55
7.70
7.22
7.11
7.69
7.84
8.07
8.45
7.39
7.80
7.40
0.29%
(0.39%)
—
6.25
FCF per share€
6.14
7.21
8.61
9.46
10.40
10.96
11.69
13.91
16.24
16.00
7.89
8.99%
11.82%
—
1.56
Dividend per sh€
4.23
4.27
4.82
4.73
5.35
5.25
5.05
5.54
5.59
5.68
10.57
1.20%
3.38%
—
20.98
Div yield (avg)%
39.14
39.30
40.22
38.40
41.16
39.94
42.21
42.28
41.14
38.56
26.31
41.14
40.08
65
11.49
Payout ratio%
34.52
34.85
34.48
32.26
29.37
28.14
27.32
30.29
28.42
26.28
8.11
28.14
29.83
61
98.98
Shares (diluted)M
150.7
155.2
178.3
184.6
189.7
209.2
200.5
233.3
249.1
267.3
100.5
7.10%
6.55%
41
29.90
Buyback yield%
22.99
25.19
22.74
22.46
23.20
21.81
21.02
22.98
24.47
23.10
22.96
22.98
22.99
23
0.501
D/E ratiox
0.244
0.210
0.183
0.170
0.164
0.155
0.166
0.157
0.139
0.134
0.638
0.155
0.165
77
0.101
Enterprise value€B
0.526
0.623
0.699
0.741
0.824
0.868
0.985
1.175
1.205
1.410
1.171
11.34%
10.52%
83
2.085
LT debt€B
1.139
1.218
1.261
1.298
1.479
1.748
1.716
1.814
2.168
2.217
1.373
8.43%
7.86%
93
Revenue
€2.931B
5.74%
1.00×
Cost of revenue
€1.936B
5.68%
0.99×
Operating expenses
€303.6M
6.36%
1.06×
Goodwill & intangibles
17.80%
Property and equipment
17.22%
Spread over hurdle
12.58%