3.932
Revenue€B
2.908
2.997
3.001
2.990
2.998
3.116
3.235
3.306
3.286
3.349
4.167
2.23%
1.68%
45
10.73
Revenue growth%
16.76
16.98
15.69
15.30
18.28
15.80
14.10
13.14
10.22
8.41
2.16
13.14
15.49
20
5.05
Gross margin%
17.38
15.88
16.41
14.31
15.50
18.17
17.66
19.68
17.24
15.45
15.45
17.66
16.82
66
27.52
Operating margin%
7.89
5.15
3.14
3.56
5.87
7.14
10.00
9.84
8.36
10.90
9.05
9.84
7.51
87
11.34
Net margin%
30.49
31.67
28.86
27.84
28.93
27.64
30.45
31.15
28.24
30.79
24.38
30.45
29.69
24
8.023
P/E ratio (avg)x
25.81
26.42
27.17
29.54
28.42
30.11
32.82
32.46
36.21
40.26
23.74
32.82
29.82
7
17.33
EV/EBITx
28.43
27.50
24.49
20.91
20.35
18.34
16.71
14.70
13.29
13.91
14.84
14.70
19.34
32
19.74
FCF yield (avg)%
8.10
9.83
6.98
7.25
6.48
9.30
8.30
6.37
7.39
6.08
4.04
7.39
7.32
39
10.28
FCF margin%
25.65
26.06
24.09
24.63
27.60
27.04
28.41
29.87
28.21
25.70
23.00
28.21
26.55
12
0.681
FCF / Net incomex
1.892
2.067
2.148
2.407
2.572
2.780
2.690
2.574
2.579
2.524
0.710
2.579
2.548
49
6.56
ROIC%
21.75
19.34
19.87
19.51
19.76
17.53
19.46
21.64
21.71
23.02
19.10
21.64
19.81
57
21.22
Return on equity%
1.69
1.72
2.92
4.04
6.82
4.61
2.37
1.68
4.43
1.56
18.73
2.37
2.64
61
5.73
Return on assets%
16.81
19.15
17.26
19.95
22.35
20.27
21.20
19.66
16.84
17.56
27.74
19.66
19.40
11
9.53
EPS€
2.65
2.92
3.25
3.24
3.14
2.83
2.66
2.53
2.29
2.14
10.44
(7.37%)
(1.04%)
—
8.35
EPS growth%
5.60
7.47
7.55
7.31
8.13
10.11
8.00
5.72
3.87
4.04
10.35
5.72
7.39
71
3.42
Bookvalue per sh€
3.35
3.76
3.79
3.88
3.98
4.61
4.32
4.92
5.48
6.09
9.80
8.88%
5.60%
—
6.82
FCF per share€
3.13
2.89
3.04
3.38
3.41
3.25
3.33
3.44
3.25
3.46
10.03
0.27%
0.43%
—
3.56
Dividend per sh€
6.79
6.89
7.54
7.32
7.87
9.06
9.96
10.05
11.32
13.23
6.67
10.95%
7.89%
—
28.99
Div yield (avg)%
19.42
19.24
20.17
19.91
17.73
17.20
14.34
14.63
13.22
14.85
14.27
14.63
17.46
60
9.61
Payout ratio%
7.29
6.44
3.62
3.51
4.17
1.64
0.40
0.84
0.57
3.01
8.80
0.84
3.26
16
147.2
Shares (diluted)M
228.6
255.6
286.7
278.8
286.0
298.6
331.5
372.4
429.0
419.5
140.2
7.96%
6.67%
39
22.98
Buyback yield%
14.97
17.91
18.81
15.83
15.48
17.34
17.79
18.86
15.88
18.86
17.54
17.79
17.57
66
0.440
D/E ratiox
1.508
1.389
1.327
1.347
1.320
1.221
1.376
1.352
1.304
1.198
0.704
1.304
1.337
10
2.085
Enterprise value€B
2.883
3.264
3.235
3.535
3.501
4.174
4.209
4.930
5.125
6.050
2.848
11.56%
8.20%
6
2.386
LT debt€B
5.205
5.876
6.878
7.255
8.523
8.948
10.26
11.97
11.85
12.26
0.976
7.54%
9.77%
81
Revenue
€3.349B
1.68%
1.00×
Cost of revenue
€1.891B
1.48%
0.98×
Operating expenses
€429.1M
1.75%
1.01×
Property and equipment
19.88%
Spread over hurdle
42.97%