2.202
Revenue$B
1.454
1.539
1.599
1.635
1.691
1.761
1.808
1.852
1.938
2.029
2.306
3.71%
3.96%
20
28.62
Revenue growth%
6.18
5.20
7.10
9.55
11.05
9.82
8.55
9.26
11.89
9.28
7.51
9.28
9.27
62
28.86
Gross margin%
17.81
18.14
18.80
16.20
14.23
12.74
15.28
15.83
14.67
15.97
19.97
15.28
15.90
75
18.28
Operating margin%
7.16
5.86
3.21
1.42
3.87
4.42
6.47
3.51
5.40
3.95
5.95
4.42
4.19
11
11.10
Net margin%
20.89
23.08
22.29
22.50
25.11
27.03
28.19
28.23
28.00
25.55
2.03
28.00
25.33
7
22.09
P/E ratio (avg)x
42.86
45.10
46.50
45.51
49.21
46.66
45.95
52.18
50.03
50.24
32.72
50.03
46.58
13
7.636
EV/EBITx
13.84
15.27
17.17
20.57
22.13
22.93
26.42
26.94
27.41
30.51
10.42
26.94
22.53
80
29.11
FCF yield (avg)%
4.53
3.24
0.91
0.40
2.04
0.40
0.97
1.38
0.40
0.47
8.78
0.47
0.94
70
24.47
FCF margin%
17.42
18.86
20.34
22.71
21.85
20.05
20.14
18.35
21.03
22.37
29.30
20.14
20.24
10
1.442
FCF / Net incomex
0.452
0.482
0.431
0.442
0.423
0.415
0.423
0.386
0.403
0.409
1.652
0.409
0.423
39
4.78
ROIC%
5.73
5.58
3.58
1.02
2.14
3.24
1.31
2.11
1.18
1.07
18.37
1.31
2.12
30
23.84
Return on equity%
15.86
14.55
13.25
12.57
9.96
10.46
8.11
7.61
6.94
4.81
6.93
7.61
10.21
87
11.61
Return on assets%
23.83
25.03
24.38
25.63
23.96
25.26
27.05
26.97
27.82
24.90
3.07
26.97
25.14
80
10.34
EPS$
13.11
12.91
12.87
12.21
13.68
14.87
14.43
13.87
13.65
15.23
10.77
2.17%
2.64%
—
28.94
EPS growth%
12.03
14.25
14.15
15.92
15.85
16.81
13.98
13.15
14.23
13.06
4.64
13.98
14.19
37
18.68
Bookvalue per sh$
11.38
11.09
10.31
11.55
10.81
10.71
10.26
10.63
10.84
10.21
13.79
(1.15%)
(0.12%)
—
16.34
FCF per share$
12.99
13.14
11.90
11.51
11.74
11.28
10.33
11.24
11.85
10.64
18.55
(1.94%)
(1.64%)
—
15.38
Dividend per sh$
13.81
15.16
16.82
15.00
13.78
12.90
12.17
12.81
13.17
13.10
4.45
(1.01%)
(1.10%)
—
16.57
Div yield (avg)%
8.76
7.71
4.93
6.01
4.88
6.94
7.80
9.77
11.34
12.91
26.42
9.77
7.75
39
2.52
Payout ratio%
16.92
19.72
20.55
18.49
17.53
16.79
16.64
18.95
19.28
19.79
19.19
18.95
18.72
47
81.25
Shares (diluted)M
105.7
109.0
121.1
119.4
116.5
127.4
143.7
143.4
142.4
153.8
81.04
5.71%
4.77%
47
13.56
Buyback yield%
31.16
29.84
32.17
31.24
28.54
27.39
27.85
25.37
26.34
28.42
11.17
27.39
28.48
57
0.858
D/E ratiox
0.877
0.791
0.713
0.643
0.613
0.620
0.656
0.648
0.683
0.746
1.111
0.656
0.670
36
1.732
Enterprise value$B
2.227
2.305
2.446
2.799
2.769
2.932
3.350
3.626
3.762
3.654
1.816
5.71%
4.59%
53
0.440
LT debt$B
1.232
1.198
1.141
1.169
1.195
1.344
1.574
1.786
1.856
1.754
0.708
7.98%
3.12%
70
Revenue
$2.029B
3.96%
1.00×
Cost of revenue
$1.075B
3.69%
0.97×
Operating expenses
$483.9M
4.72%
1.08×
Spread over hurdle
(1.17%)