2.206
Revenue€B
1.971
2.085
2.177
2.358
2.552
2.750
2.889
3.096
3.341
3.603
2.424
7.14%
7.04%
47
27.67
Revenue growth%
13.07
11.48
9.01
11.46
8.96
6.79
8.98
11.15
9.02
11.66
29.01
9.02
10.08
90
9.04
Gross margin%
13.92
13.16
15.79
16.99
18.79
17.53
19.71
18.22
20.33
19.64
23.89
19.64
17.87
65
5.79
Operating margin%
23.90
22.91
25.53
27.60
24.72
26.59
29.12
29.22
31.61
32.45
8.96
29.22
27.09
85
26.06
Net margin%
4.39
2.88
3.52
2.29
0.85
0.40
1.49
0.40
0.40
1.34
23.09
0.40
1.42
23
6.905
P/E ratio (avg)x
9.971
10.48
10.99
12.74
12.49
12.86
12.41
14.20
16.77
17.50
20.44
14.20
12.62
90
33.33
EV/EBITx
30.27
35.30
40.30
40.21
45.52
46.93
45.45
46.86
44.19
49.31
8.592
46.86
44.82
40
28.76
FCF yield (avg)%
22.22
22.98
23.70
26.70
27.92
27.80
24.81
24.35
25.25
23.16
21.74
24.81
24.58
84
12.52
FCF margin%
14.07
15.17
16.28
17.25
20.11
17.84
20.11
17.94
17.21
14.60
12.25
17.84
17.23
55
1.283
FCF / Net incomex
0.372
0.364
0.392
0.437
0.461
0.547
0.622
0.633
0.651
0.659
0.101
0.633
0.504
53
20.92
ROIC%
24.39
24.91
26.46
23.61
25.93
24.10
22.33
25.17
22.21
19.41
6.86
22.33
24.24
49
22.75
Return on equity%
8.49
6.21
5.75
4.26
3.02
0.83
0.40
0.40
0.40
2.30
24.39
0.40
2.66
25
6.56
Return on assets%
9.31
9.62
8.00
10.23
7.56
6.35
8.91
11.23
12.87
11.23
6.62
11.23
9.46
7
5.24
EPS€
12.43
10.95
11.07
9.68
10.18
10.33
10.79
9.49
9.63
9.21
5.53
(1.99%)
(3.06%)
—
15.05
EPS growth%
2.71
4.05
5.91
8.90
8.38
7.28
6.79
5.82
7.33
8.86
2.48
7.28
7.03
40
3.09
Bookvalue per sh€
8.73
8.86
9.65
11.02
11.67
13.21
13.23
13.09
14.64
17.49
13.32
8.43%
8.08%
—
10.23
FCF per share€
2.37
2.26
2.17
2.38
2.32
2.12
1.93
1.77
1.61
1.48
11.61
(8.61%)
(3.48%)
—
6.80
Dividend per sh€
1.86
1.75
1.51
1.63
1.67
1.83
1.71
1.51
1.38
1.22
13.70
(6.14%)
(4.05%)
—
8.43
Div yield (avg)%
28.43
28.59
31.10
28.37
26.29
28.82
27.15
25.23
27.61
30.52
18.78
27.61
28.40
51
9.65
Payout ratio%
21.67
22.03
24.79
23.04
22.23
23.65
24.30
21.86
21.52
19.44
2.55
21.86
22.13
57
174.1
Shares (diluted)M
254.4
298.5
332.5
369.5
423.9
492.8
548.0
639.5
696.5
775.1
171.9
12.83%
12.62%
57
5.25
Buyback yield%
4.76
2.90
4.82
5.42
6.89
7.12
7.74
4.75
5.16
4.19
17.44
5.16
4.99
75
0.913
D/E ratiox
1.253
1.212
1.179
1.163
1.048
0.987
0.947
0.881
0.887
0.850
1.463
0.887
1.018
89
1.266
Enterprise value€B
2.677
2.907
2.766
2.851
3.122
3.273
3.555
3.819
4.011
4.524
0.853
7.70%
5.11%
80
3.175
LT debt€B
0.868
0.863
1.007
1.132
1.323
1.359
1.323
1.455
1.691
1.694
0.705
5.06%
6.53%
15
Revenue
€3.603B
7.04%
1.00×
Cost of revenue
€2.522B
7.04%
1.00×
Operating expenses
€490.9M
6.93%
0.99×
Property and equipment
17.08%
Spread over hurdle
15.53%