4.121
Revenue€B
2.896
2.968
2.946
2.900
2.960
3.013
3.042
3.138
3.175
3.185
4.396
1.47%
0.99%
62
16.55
Revenue growth%
17.14
16.18
16.45
17.05
19.14
20.18
17.79
14.88
16.85
15.69
28.66
16.85
16.95
46
26.81
Gross margin%
19.14
21.64
21.97
22.85
22.94
22.21
21.97
19.24
19.77
17.15
15.24
19.77
21.80
7
9.50
Operating margin%
3.34
6.01
5.97
3.69
3.52
2.00
3.24
4.30
4.58
7.40
4.77
4.30
3.99
58
9.19
Net margin%
22.23
19.78
17.53
19.89
22.66
24.63
22.31
22.90
22.06
21.16
10.03
22.31
22.15
29
12.29
P/E ratio (avg)x
20.63
20.71
22.82
21.50
22.91
24.55
26.52
27.71
32.02
35.27
36.48
27.71
23.73
52
37.61
EV/EBITx
17.24
16.85
17.24
18.28
18.78
18.92
21.05
21.21
22.51
23.13
13.90
21.21
18.85
88
18.83
FCF yield (avg)%
11.79
9.58
10.18
9.96
12.93
15.56
13.37
10.51
9.05
8.46
18.96
10.51
10.35
84
5.04
FCF margin%
3.53
3.32
5.39
7.89
6.89
8.86
6.65
7.86
10.72
12.20
8.52
8.86
7.38
60
0.616
FCF / Net incomex
2.321
2.525
2.819
3.038
3.049
3.070
3.528
4.248
4.640
5.566
1.412
4.248
3.059
44
25.48
ROIC%
30.81
32.70
31.35
31.06
33.87
36.12
38.79
39.38
39.75
42.19
7.29
39.38
35.00
16
3.74
Return on equity%
26.11
24.21
22.62
24.58
22.29
21.73
22.73
23.83
21.51
19.75
25.07
21.73
22.68
9
8.18
Return on assets%
30.85
28.55
31.33
29.53
32.11
35.05
34.89
32.45
30.00
28.54
6.90
32.45
31.09
29
1.99
EPS€
5.15
5.38
6.06
5.71
5.44
5.20
5.73
5.92
5.90
5.66
2.09
0.80%
1.29%
—
24.63
EPS growth%
25.54
22.77
21.07
18.54
19.68
16.79
18.95
21.20
19.69
22.04
26.10
19.69
20.38
59
4.68
Bookvalue per sh€
8.81
9.42
9.89
11.10
11.04
11.15
13.21
14.16
14.06
16.03
4.63
7.75%
6.64%
—
2.91
FCF per share€
1.27
1.25
1.30
1.26
1.10
0.96
0.84
0.79
0.72
0.67
6.22
(9.31%)
(6.28%)
—
1.19
Dividend per sh€
2.51
2.48
2.29
2.29
2.16
2.18
2.16
2.12
2.13
2.19
6.35
0.29%
(1.63%)
—
24.24
Div yield (avg)%
8.48
10.22
12.76
10.51
11.59
10.18
7.51
7.22
6.00
8.43
29.17
7.51
9.33
69
10.03
Payout ratio%
19.41
21.63
24.58
27.13
25.75
25.58
28.41
28.97
26.10
25.30
18.95
26.10
25.66
41
212.2
Shares (diluted)M
325.8
364.5
387.5
431.2
514.5
570.7
561.2
610.1
602.7
665.2
212.0
5.27%
8.15%
59
29.91
Buyback yield%
20.83
18.52
20.78
18.34
19.31
20.01
21.71
19.56
17.01
15.47
7.41
19.56
19.44
79
0.598
D/E ratiox
0.460
0.446
0.475
0.489
0.493
0.456
0.480
0.440
0.423
0.435
1.273
0.440
0.458
77
2.192
Enterprise value€B
3.079
3.234
3.346
3.471
3.600
3.140
3.253
2.838
2.619
2.786
1.420
(5.00%)
(0.91%)
17
2.884
LT debt€B
5.069
5.039
5.411
6.208
5.782
5.629
5.388
5.622
5.958
6.962
4.400
3.79%
4.38%
65
Revenue
€3.185B
0.99%
1.00×
Cost of revenue
€2.229B
0.99%
1.00×
Operating expenses
€593.5M
1.54%
1.06×
Spread over hurdle
(5.00%)