1.904
Revenue€B
6.170
6.245
6.288
6.368
6.476
6.507
6.742
6.943
6.947
7.168
2.007
2.05%
1.85%
38
17.66
Revenue growth%
0.72
0.40
0.40
1.25
1.60
0.40
0.40
0.40
0.40
3.39
10.58
0.40
0.40
64
7.16
Gross margin%
20.98
18.06
18.26
18.61
21.12
23.99
24.20
26.75
29.28
30.09
21.86
26.75
22.56
73
4.10
Operating margin%
20.22
17.59
17.42
19.00
18.06
18.55
21.26
18.39
20.63
18.96
15.20
18.96
18.76
44
10.46
Net margin%
34.12
32.05
32.39
32.06
32.15
34.81
37.62
34.92
36.31
39.19
12.01
36.31
34.46
88
20.91
P/E ratio (avg)x
8.492
8.107
8.563
9.004
9.320
10.42
10.98
11.26
10.03
10.76
16.82
10.76
9.677
42
32.38
EV/EBITx
31.68
30.39
31.27
34.77
38.64
43.50
43.07
48.57
52.86
60.66
31.66
48.57
40.85
65
13.33
FCF yield (avg)%
13.79
12.24
11.48
12.26
9.45
6.79
5.94
6.19
3.26
1.07
17.85
5.94
8.12
64
11.93
FCF margin%
19.61
20.21
23.16
22.63
19.65
19.51
18.93
21.84
21.60
23.14
19.26
21.60
20.90
25
0.682
FCF / Net incomex
0.459
0.406
0.380
0.332
0.303
0.330
0.345
0.301
0.297
0.278
1.605
0.301
0.331
94
2.02
ROIC%
23.26
20.52
19.49
20.89
22.72
20.46
19.82
17.56
15.23
18.04
7.77
18.04
20.14
74
23.46
Return on equity%
15.54
18.17
20.31
21.14
23.88
23.30
25.80
23.33
22.75
20.68
25.35
23.30
21.95
62
5.51
Return on assets%
30.48
28.67
27.49
27.71
27.06
24.23
24.06
24.49
26.16
26.93
3.56
24.49
26.99
46
0.33
EPS€
0.85
0.94
0.87
0.88
0.89
0.79
0.77
0.77
0.76
0.84
0.34
(1.14%)
0.12%
—
14.52
EPS growth%
26.58
28.09
28.59
28.02
25.39
27.98
26.67
28.36
27.18
24.43
22.41
27.18
27.58
79
0.40
Bookvalue per sh€
0.36
0.34
0.36
0.42
0.46
0.52
0.57
0.62
0.66
0.64
0.16
7.00%
6.92%
—
0.14
FCF per share€
0.41
0.37
0.35
0.36
0.32
0.31
0.28
0.27
0.24
0.26
0.21
(4.37%)
(4.32%)
—
0.41
Dividend per sh€
1.27
1.29
1.54
1.53
1.75
2.01
2.03
2.44
2.89
3.15
0.91
12.41%
10.48%
—
18.92
Div yield (avg)%
13.55
14.72
15.07
13.82
14.14
12.29
13.84
11.42
13.59
15.60
11.09
13.59
13.83
65
21.82
Payout ratio%
8.17
6.29
7.90
7.98
7.68
6.40
8.08
6.97
7.17
4.73
29.10
6.97
7.43
54
4.383
Shares (diluted)B
4.861
5.352
5.822
6.676
7.242
7.916
8.860
8.224
8.598
9.228
4.286
4.97%
6.42%
16
14.49
Buyback yield%
23.87
22.86
24.25
25.67
27.59
28.91
30.29
28.85
27.87
28.54
15.30
28.85
27.73
45
0.697
D/E ratiox
1.948
2.079
2.425
2.793
2.703
2.708
2.744
3.114
3.517
3.652
0.592
3.114
2.726
91
2.219
Enterprise value€B
1.892
1.664
1.464
1.295
1.335
1.174
1.087
0.951
0.867
0.938
5.592
(6.82%)
(7.02%)
85
4.677
LT debt€B
7.618
8.526
9.437
9.010
9.211
10.58
10.90
10.51
11.28
12.85
5.241
6.89%
6.69%
26
Revenue
€7.168B
1.85%
1.00×
Cost of revenue
€3.823B
1.77%
0.99×
Operating expenses
€912.7M
2.43%
1.06×
Cash and investments
15.48%
Spread over hurdle
30.63%