0.667
Revenue€B
1.216
1.316
1.398
1.503
1.631
1.772
1.863
1.952
2.029
2.104
0.697
5.22%
6.13%
86
9.44
Revenue growth%
23.19
20.41
20.77
18.67
19.73
22.35
21.56
19.85
20.28
20.09
26.74
20.28
20.34
6
16.68
Gross margin%
17.16
17.40
15.72
18.58
15.63
13.19
14.02
15.18
13.33
12.14
25.73
13.33
15.41
34
28.43
Operating margin%
16.81
15.03
14.94
16.16
13.64
13.12
15.08
16.96
13.98
15.41
7.83
15.08
15.06
61
19.76
Net margin%
24.35
24.44
21.74
22.64
21.12
23.53
25.24
26.49
27.04
29.54
5.12
26.49
24.40
47
23.56
P/E ratio (avg)x
35.77
39.49
43.46
49.09
52.57
57.23
63.31
64.56
74.74
76.46
21.30
64.56
54.90
76
25.63
EV/EBITx
17.68
17.17
17.59
18.90
21.05
19.46
22.43
22.72
21.27
24.53
24.10
22.43
20.26
65
23.77
FCF yield (avg)%
14.38
14.14
13.31
12.25
13.42
12.89
13.20
15.36
18.06
17.00
23.17
15.36
13.78
18
21.56
FCF margin%
1.15
0.40
3.38
5.52
4.84
5.95
8.48
6.59
3.73
6.18
26.68
6.18
5.18
76
0.383
FCF / Net incomex
1.315
1.158
0.978
0.878
0.852
0.893
0.774
0.690
0.637
0.554
1.282
0.690
0.865
63
22.67
ROIC%
25.79
27.46
26.64
26.84
24.00
21.41
22.40
20.16
20.29
22.55
16.30
21.41
23.27
25
7.72
Return on equity%
27.75
30.22
28.49
29.92
32.62
35.53
37.59
37.35
35.61
32.69
10.72
35.61
32.65
51
4.48
Return on assets%
6.93
8.69
9.01
10.04
8.86
10.83
12.28
9.55
11.60
12.41
25.85
11.60
9.79
75
1.13
EPS€
2.42
2.59
2.50
2.67
2.96
2.93
3.28
3.53
3.52
3.24
1.26
1.79%
4.11%
—
23.42
EPS growth%
20.82
19.13
18.98
17.86
16.85
18.79
17.30
14.30
14.04
13.71
21.63
14.30
17.58
41
3.44
Bookvalue per sh€
2.69
2.39
2.35
2.47
2.69
2.88
2.99
2.71
2.44
2.41
0.97
(2.21%)
(0.70%)
—
1.24
FCF per share€
1.75
1.86
1.79
1.72
1.85
2.14
2.38
2.77
2.82
3.29
1.38
12.13%
7.92%
—
2.97
Dividend per sh€
3.54
3.24
3.26
3.16
2.77
2.62
2.36
2.61
2.59
2.83
2.98
0.39%
(3.04%)
—
7.98
Div yield (avg)%
12.58
14.16
16.82
18.99
16.46
14.79
15.49
13.20
15.69
16.74
14.47
15.49
15.59
57
2.94
Payout ratio%
23.75
22.63
20.88
22.45
21.62
23.96
23.30
21.38
21.45
18.58
13.09
21.45
22.03
33
399.6
Shares (diluted)M
476.6
477.1
532.5
596.8
600.7
695.5
742.1
705.4
682.4
752.3
393.6
4.60%
5.80%
19
15.68
Buyback yield%
19.12
17.16
17.73
16.10
15.43
16.36
17.97
20.49
19.73
18.28
27.29
18.28
17.85
68
1.681
D/E ratiox
0.457
0.460
0.490
0.437
0.456
0.458
0.464
0.480
0.483
0.434
0.331
0.464
0.459
80
1.611
Enterprise value€B
1.819
1.995
2.078
2.117
2.405
2.784
2.892
3.236
3.745
4.196
0.254
11.77%
9.47%
94
0.859
LT debt€B
1.091
1.118
1.280
1.486
1.478
1.652
1.669
1.834
2.182
2.219
0.526
8.47%
8.26%
91
Revenue
€2.104B
6.13%
1.00×
Cost of revenue
€1.473B
6.13%
1.00×
Operating expenses
€421.9M
5.91%
0.98×
Cash and investments
17.18%
Spread over hurdle
(3.33%)