3.454
Revenue€B
2.909
2.953
3.047
3.151
3.321
3.499
3.640
3.723
3.836
3.956
3.602
3.56%
3.50%
59
21.07
Revenue growth%
12.23
12.41
10.95
8.22
7.59
5.34
4.07
1.44
3.85
6.26
2.10
4.07
6.92
79
29.12
Gross margin%
9.28
11.94
9.43
6.68
7.58
4.76
4.01
5.66
8.11
7.58
14.39
5.66
7.58
19
4.07
Operating margin%
15.93
17.06
14.08
17.02
18.02
18.58
16.87
17.58
17.98
18.74
2.70
17.98
17.32
60
7.77
Net margin%
24.71
23.93
25.71
27.14
26.10
24.20
25.36
24.16
26.61
28.19
2.90
25.36
25.53
44
28.38
P/E ratio (avg)x
29.01
25.80
28.06
27.54
30.30
32.22
35.35
37.50
33.45
29.38
6.343
33.45
29.84
48
31.22
EV/EBITx
22.52
23.57
26.71
27.72
31.16
29.27
30.01
31.54
33.77
36.80
28.34
31.54
29.64
42
10.81
FCF yield (avg)%
11.41
10.42
10.24
8.80
9.21
7.51
4.60
5.76
4.27
5.95
23.99
5.76
8.16
35
16.29
FCF margin%
4.65
7.60
8.79
6.52
6.48
8.55
7.68
6.09
4.37
4.68
9.09
6.09
6.50
44
1.683
FCF / Net incomex
1.641
1.617
1.589
1.708
1.805
1.634
1.557
1.396
1.447
1.483
0.130
1.483
1.603
56
13.72
ROIC%
23.12
20.26
22.88
24.37
25.04
22.66
19.87
21.14
23.11
22.43
23.16
22.43
22.77
32
16.37
Return on equity%
6.22
4.72
7.06
4.17
3.80
3.16
0.51
0.40
0.91
1.76
12.20
0.91
3.48
49
19.24
Return on assets%
8.53
9.64
6.76
6.97
6.65
7.36
10.30
12.34
10.92
13.50
17.00
10.92
9.08
90
21.21
EPS€
10.33
11.57
12.66
12.19
12.85
11.48
12.32
13.18
12.06
10.91
23.31
(3.22%)
0.01%
—
4.30
EPS growth%
1.41
1.88
4.27
1.81
0.56
0.40
0.40
2.11
1.71
0.40
22.75
0.40
1.56
78
13.68
Bookvalue per sh€
6.40
6.71
6.78
6.13
6.37
6.18
5.94
5.23
5.17
5.52
7.59
(2.82%)
(1.68%)
—
21.31
FCF per share€
9.78
9.90
10.26
10.88
10.26
10.07
11.70
11.43
13.31
13.50
16.83
5.64%
3.68%
—
22.45
Dividend per sh€
6.36
6.04
5.82
5.20
5.09
5.57
4.93
4.78
4.47
4.06
5.10
(4.42%)
(3.89%)
—
12.57
Div yield (avg)%
5.44
5.24
2.35
1.71
3.98
2.17
0.74
0.40
2.86
2.30
4.35
2.17
2.32
34
21.90
Payout ratio%
20.18
22.52
20.07
18.80
16.07
13.42
11.27
13.70
14.64
12.61
21.50
13.42
15.35
35
179.4
Shares (diluted)M
240.6
252.2
281.6
291.7
307.7
360.8
396.6
419.9
507.0
606.8
175.4
14.55%
10.95%
62
13.59
Buyback yield%
6.91
6.01
6.21
3.27
0.90
2.97
2.53
0.40
1.10
0.40
28.34
1.10
2.75
60
0.346
D/E ratiox
0.393
0.408
0.413
0.396
0.375
0.418
0.395
0.404
0.424
0.430
1.673
0.418
0.406
23
1.147
Enterprise value€B
1.207
1.259
1.296
1.284
1.199
1.067
0.919
0.925
0.905
0.861
0.235
(6.42%)
(2.58%)
91
2.900
LT debt€B
0.732
0.654
0.728
0.722
0.806
0.779
0.876
0.938
0.984
0.914
1.999
2.54%
1.48%
89
Revenue
€3.956B
3.50%
1.00×
Cost of revenue
€2.769B
3.50%
1.00×
Operating expenses
€787.3M
3.55%
1.01×
Goodwill & intangibles
20.46%
Spread over hurdle
(3.07%)