0.074
Revenue€B
0.796
0.846
0.871
0.935
0.963
1.003
1.070
1.149
1.209
1.247
0.083
5.31%
5.02%
85
6.29
Revenue growth%
7.36
6.05
4.98
5.24
7.40
8.16
9.60
7.10
6.28
5.39
14.47
7.10
6.69
6
11.16
Gross margin%
27.31
28.71
31.45
32.42
31.25
33.26
32.14
32.88
35.72
35.78
26.74
33.26
32.28
92
20.29
Operating margin%
14.39
13.33
12.38
12.77
14.15
13.93
11.82
9.06
10.79
12.95
19.63
11.82
12.86
56
4.28
Net margin%
27.83
29.93
31.20
32.69
30.22
29.73
29.18
29.12
26.21
27.23
11.31
29.12
29.45
49
13.80
P/E ratio (avg)x
7.818
7.116
6.809
6.868
6.923
6.905
6.121
5.956
6.605
6.188
25.66
6.188
6.839
27
7.894
EV/EBITx
11.48
11.37
12.90
14.88
17.63
17.31
17.21
19.76
19.78
22.07
11.90
19.76
17.26
40
15.04
FCF yield (avg)%
11.58
10.99
13.63
12.03
13.23
11.87
14.20
12.52
11.39
11.60
3.56
11.87
11.95
89
4.81
FCF margin%
21.85
22.62
19.97
21.94
19.60
21.43
19.35
18.89
20.17
21.64
20.03
20.17
20.80
13
1.495
FCF / Net incomex
1.141
1.065
1.185
1.056
1.087
0.987
1.051
1.170
1.277
1.237
0.777
1.170
1.114
50
19.63
ROIC%
8.90
9.60
10.76
12.38
13.10
11.20
12.24
9.42
10.84
12.95
5.35
11.20
11.02
40
17.75
Return on equity%
17.90
17.59
20.25
20.76
18.57
18.88
21.58
23.38
20.52
19.01
13.18
20.52
19.63
8
6.85
Return on assets%
36.98
34.67
35.21
36.17
34.51
34.63
35.70
33.60
34.68
34.23
24.60
34.63
34.67
42
1.03
EPS€
0.39
0.40
0.37
0.31
0.27
0.25
0.26
0.28
0.29
0.25
1.15
(2.06%)
(4.71%)
—
8.11
EPS growth%
2.18
0.40
2.05
0.40
0.40
0.61
1.63
0.40
0.40
0.40
27.47
0.40
0.40
68
0.65
Bookvalue per sh€
1.75
1.83
2.04
2.32
2.72
3.01
3.25
3.60
3.75
4.30
0.70
9.60%
9.17%
—
2.24
FCF per share€
3.01
3.51
3.81
3.56
3.84
3.63
3.42
3.64
4.03
4.47
0.95
3.07%
5.29%
—
1.36
Dividend per sh€
1.12
1.08
1.06
1.09
1.01
1.00
1.10
0.98
0.92
0.85
0.70
(3.55%)
(2.14%)
—
4.26
Div yield (avg)%
21.72
24.46
25.74
25.26
26.92
24.61
24.02
25.34
26.75
24.13
5.51
24.61
24.94
20
6.83
Payout ratio%
31.03
33.40
31.21
30.66
32.37
32.31
32.30
34.06
31.42
29.59
8.65
32.30
31.86
38
786.5
Shares (diluted)M
602.6
636.0
543.0
527.0
508.4
442.2
441.9
460.1
405.9
372.4
769.1
(6.03%)
(3.97%)
28
17.02
Buyback yield%
8.14
8.56
8.79
10.44
8.93
7.66
10.14
8.84
9.87
11.62
22.37
9.87
8.88
40
0.249
D/E ratiox
2.182
2.151
2.304
2.247
2.482
2.649
3.118
3.133
3.572
4.191
1.262
3.133
2.565
88
1.011
Enterprise value€B
1.318
1.441
1.579
1.734
1.875
2.210
2.119
2.346
2.551
2.902
1.083
9.13%
9.05%
36
0.353
LT debt€B
1.100
1.136
1.108
1.284
1.291
1.287
1.465
1.680
1.771
2.075
0.543
9.96%
6.62%
21
Revenue
€1.247B
5.02%
1.00×
Cost of revenue
€760.7M
4.63%
0.96×
Operating expenses
€197.0M
5.66%
1.06×
Cash and investments
17.15%
Spread over hurdle
(1.47%)