2.664
Revenue€B
2.794
2.908
3.010
3.162
3.267
3.331
3.486
3.521
3.709
3.800
2.942
3.07%
3.23%
72
21.77
Revenue growth%
15.18
15.76
17.12
19.92
19.06
17.31
17.55
19.94
18.94
21.74
9.43
18.94
18.24
93
5.16
Gross margin%
23.86
24.88
26.64
23.68
22.75
24.15
25.93
23.41
25.14
24.25
17.68
24.25
24.20
85
25.32
Operating margin%
3.69
4.03
1.81
2.04
0.40
2.96
1.11
0.40
0.45
2.35
16.17
1.11
1.93
8
12.04
Net margin%
21.94
21.59
24.27
22.47
20.94
19.97
18.46
17.84
18.62
20.24
19.24
18.62
20.59
82
23.42
P/E ratio (avg)x
68.60
69.24
74.72
83.24
97.23
109.3
130.7
150.6
169.4
173.3
18.39
150.6
103.3
41
23.20
EV/EBITx
33.49
34.52
34.70
40.11
46.27
44.19
45.17
53.48
59.96
64.50
34.76
53.48
44.68
34
17.53
FCF yield (avg)%
5.51
7.82
7.01
4.68
6.95
9.25
10.58
7.96
5.31
8.25
9.06
8.25
7.42
82
8.15
FCF margin%
24.28
23.28
21.09
19.14
16.50
14.02
12.63
14.05
14.53
14.99
6.84
14.05
15.74
71
1.716
FCF / Net incomex
1.538
1.707
1.675
1.856
1.729
1.880
1.781
1.685
1.857
2.026
1.144
1.857
1.755
74
20.79
ROIC%
3.46
2.41
3.72
5.13
5.49
3.74
4.06
4.53
6.86
5.27
9.38
4.53
4.30
69
22.97
Return on equity%
27.02
25.50
27.88
26.13
26.21
26.74
24.76
23.64
25.48
23.93
8.76
24.76
25.82
45
12.21
Return on assets%
21.81
19.08
21.55
20.17
18.24
19.83
18.29
18.59
21.22
22.86
10.98
19.83
20.00
42
3.86
EPS€
3.95
4.26
3.95
3.91
4.00
4.08
3.95
3.96
4.12
4.03
4.00
0.15%
(0.42%)
—
15.17
EPS growth%
21.78
20.54
17.70
19.67
17.87
17.30
19.94
21.42
20.58
21.93
28.12
20.58
20.24
35
4.18
Bookvalue per sh€
2.74
2.52
2.49
2.77
2.62
2.68
3.01
3.31
3.42
3.19
3.02
4.00%
1.70%
—
4.58
FCF per share€
2.76
3.06
3.41
3.69
4.11
4.32
4.71
4.67
4.90
4.97
2.24
3.84%
6.98%
—
6.16
Dividend per sh€
1.42
1.58
1.75
1.89
2.28
2.43
2.43
2.76
2.80
3.29
4.45
7.58%
9.87%
—
11.23
Div yield (avg)%
17.22
19.67
16.73
14.05
12.90
11.27
12.46
15.30
14.39
13.18
3.73
13.18
14.22
15
18.44
Payout ratio%
28.73
31.29
29.66
30.82
32.42
33.74
34.63
36.59
37.80
39.80
20.31
36.59
33.08
40
231.0
Shares (diluted)M
300.4
315.5
303.3
352.1
355.3
384.3
417.5
488.0
507.5
565.1
239.1
9.73%
6.33%
41
28.94
Buyback yield%
9.11
6.18
7.79
6.76
6.77
5.52
4.44
5.80
8.06
5.96
14.29
5.80
6.47
7
0.769
D/E ratiox
0.679
0.614
0.574
0.581
0.623
0.605
0.650
0.711
0.742
0.668
0.238
0.668
0.636
95
0.509
Enterprise value€B
3.007
3.282
3.289
3.118
3.475
3.308
3.498
3.347
3.532
3.974
2.477
2.72%
4.07%
7
1.717
LT debt€B
0.589
0.639
0.619
0.650
0.574
0.593
0.601
0.557
0.529
0.478
3.708
(3.58%)
(1.84%)
49
Revenue
€3.800B
3.23%
1.00×
Cost of revenue
€1.863B
3.45%
1.02×
Operating expenses
€810.0M
2.91%
0.97×
Goodwill & intangibles
17.02%
Property and equipment
14.51%
Spread over hurdle
35.13%