1.631
Revenue€B
2.468
2.563
2.625
2.607
2.630
2.703
2.749
2.814
2.876
2.873
1.762
1.78%
1.74%
38
21.43
Revenue growth%
4.01
5.89
7.03
7.92
6.12
5.24
2.51
3.23
3.28
5.43
25.76
3.28
5.33
63
5.67
Gross margin%
29.02
28.15
28.24
28.47
29.61
27.69
28.86
28.93
30.77
33.17
19.38
28.93
28.90
14
25.72
Operating margin%
11.81
14.78
17.22
14.85
14.60
17.15
19.24
17.39
14.95
13.71
16.17
17.15
14.90
43
21.27
Net margin%
24.90
24.07
24.39
26.28
26.88
27.25
25.04
23.82
23.66
23.52
25.64
23.82
24.64
10
9.772
P/E ratio (avg)x
42.06
43.12
39.89
42.77
42.12
38.30
37.34
36.93
36.77
38.91
25.28
37.34
39.40
80
16.46
EV/EBITx
14.17
15.40
16.18
17.57
18.17
17.09
17.47
16.21
16.04
17.69
19.95
17.09
16.65
59
3.78
FCF yield (avg)%
21.62
18.92
19.26
20.00
17.13
15.05
15.98
13.59
15.70
15.48
4.98
15.48
16.55
79
12.45
FCF margin%
0.40
0.40
2.98
5.94
6.73
8.04
6.40
5.72
3.11
0.52
2.41
5.72
4.42
65
0.865
FCF / Net incomex
1.212
1.385
1.276
1.187
1.086
1.025
1.134
1.203
1.187
1.089
0.277
1.134
1.187
30
15.52
ROIC%
15.27
13.96
14.98
15.85
18.01
20.67
20.58
21.95
24.87
26.56
27.86
21.95
19.30
20
11.37
Return on equity%
16.77
19.59
22.07
19.24
18.52
16.89
16.00
17.09
17.14
17.20
28.80
17.09
17.17
71
17.06
Return on assets%
14.85
12.43
11.03
11.20
8.63
9.25
10.22
12.15
11.07
13.70
27.04
11.07
11.13
41
3.58
EPS€
2.83
3.20
3.29
3.37
4.00
4.42
4.24
4.89
4.77
5.60
3.81
6.97%
7.62%
—
11.03
EPS growth%
10.48
9.85
12.50
10.55
10.03
10.38
9.32
7.82
8.12
10.12
17.05
9.32
10.08
32
2.55
Bookvalue per sh€
3.34
3.93
4.19
4.93
5.35
5.09
5.99
6.28
6.46
6.67
1.49
4.53%
6.95%
—
1.79
FCF per share€
3.75
3.75
4.02
3.76
3.83
3.98
4.36
4.35
4.28
4.12
1.75
1.47%
1.61%
—
4.03
Dividend per sh€
1.85
1.95
2.25
2.50
2.76
2.96
3.43
3.52
4.04
4.88
1.41
12.04%
10.12%
—
25.19
Div yield (avg)%
8.30
9.64
11.59
12.75
14.60
15.01
17.96
17.84
19.21
20.69
19.87
17.96
14.80
70
19.03
Payout ratio%
28.52
29.59
28.77
26.16
26.44
28.70
28.84
29.32
26.90
26.47
12.10
28.70
28.61
62
225.9
Shares (diluted)M
214.6
201.8
210.0
189.7
205.1
213.4
201.7
193.7
176.1
161.1
230.2
(4.72%)
(2.12%)
7
17.42
Buyback yield%
31.62
28.69
31.49
32.86
32.31
33.16
30.85
33.45
31.90
29.25
9.42
31.90
31.76
84
1.737
D/E ratiox
1.171
1.105
1.061
1.133
1.040
1.140
1.175
1.163
1.265
1.388
1.306
1.175
1.152
55
1.276
Enterprise value€B
2.795
2.878
3.038
3.180
3.648
3.529
3.986
4.109
3.869
3.592
1.612
(0.31%)
3.82%
54
0.698
LT debt€B
2.286
2.369
2.528
2.358
2.054
1.854
1.938
1.843
1.731
1.586
1.094
(5.04%)
(3.27%)
73
Revenue
€2.873B
1.74%
1.00×
Cost of revenue
€1.331B
1.60%
0.99×
Operating expenses
€548.3M
1.62%
0.99×
Cash and investments
19.65%
Property and equipment
15.38%
Spread over hurdle
25.03%