1.971
Revenue€B
3.027
3.342
3.574
3.942
4.352
4.646
4.968
5.286
5.786
6.225
2.126
7.42%
8.56%
32
26.04
Revenue growth%
0.63
0.40
0.61
0.40
1.11
4.02
3.34
2.44
3.53
2.31
14.74
3.34
1.71
51
29.32
Gross margin%
19.47
18.61
21.51
20.55
17.64
17.56
18.68
19.99
22.96
22.12
25.95
19.99
19.73
72
15.47
Operating margin%
4.03
1.82
3.49
5.87
6.75
8.67
7.81
5.16
8.00
10.47
4.91
8.00
6.31
40
26.32
Net margin%
20.60
21.25
23.45
21.52
23.78
21.01
21.83
19.01
20.86
17.87
23.50
20.86
21.13
17
32.00
P/E ratio (avg)x
33.96
35.88
39.45
44.78
49.19
56.04
62.21
70.47
81.65
82.82
22.33
70.47
52.62
64
27.46
EV/EBITx
23.03
21.52
22.71
20.54
19.19
20.99
19.17
18.21
18.22
18.40
36.84
18.40
19.86
67
24.82
FCF yield (avg)%
33.82
31.74
32.49
32.56
32.91
33.80
34.49
31.93
30.57
27.88
17.04
31.93
32.52
78
28.31
FCF margin%
32.18
34.23
33.22
34.28
35.50
37.26
37.17
37.18
35.50
35.84
14.52
37.17
35.50
18
0.140
FCF / Net incomex
0.420
0.359
0.353
0.321
0.330
0.327
0.332
0.344
0.313
0.326
0.506
0.327
0.331
14
16.28
ROIC%
21.46
22.66
20.94
20.76
19.88
22.78
24.27
23.19
21.81
23.04
4.42
23.04
22.23
84
9.88
Return on equity%
9.17
7.10
9.01
7.77
10.43
8.45
9.76
9.06
10.46
13.07
7.49
9.76
9.11
73
22.09
Return on assets%
23.78
26.53
23.88
22.93
24.59
23.61
21.00
21.65
24.19
23.43
6.05
23.43
23.69
41
3.27
EPS€
6.91
7.35
7.79
7.59
7.34
7.11
7.43
6.78
6.52
6.34
3.57
(2.88%)
0.06%
—
7.09
EPS growth%
3.24
1.77
2.36
3.21
5.59
8.34
11.07
9.93
11.43
10.77
28.99
10.77
6.97
47
6.14
Bookvalue per sh€
1.13
1.18
1.04
0.98
1.03
1.12
1.18
1.17
1.05
1.10
4.23
1.39%
(1.12%)
—
5.21
FCF per share€
6.73
6.91
7.44
8.09
8.04
9.53
10.90
12.15
13.54
15.52
1.84
14.06%
9.05%
—
5.12
Dividend per sh€
3.65
3.56
3.24
2.99
2.93
2.66
2.62
2.65
2.33
2.28
11.64
(4.88%)
(4.34%)
—
23.14
Div yield (avg)%
9.01
10.08
10.43
7.89
7.89
5.77
8.26
7.49
8.03
6.35
25.74
7.49
7.96
62
9.82
Payout ratio%
17.78
14.81
16.31
13.76
10.86
11.82
12.04
10.82
9.07
8.95
17.40
10.82
11.93
42
300.4
Shares (diluted)M
388.7
412.4
437.0
480.8
570.7
637.5
625.6
632.7
658.9
714.4
303.5
4.59%
6.16%
22
24.50
Buyback yield%
10.80
8.72
7.25
5.74
8.62
5.65
6.93
6.64
8.86
8.79
8.15
6.93
7.93
54
0.248
D/E ratiox
2.449
2.922
3.199
3.135
3.321
3.301
3.376
3.237
3.111
3.312
1.718
3.301
3.218
63
5.315
Enterprise value€B
3.325
3.065
3.305
3.580
3.720
3.416
3.375
3.136
2.976
2.798
0.373
(5.53%)
(2.21%)
65
2.854
LT debt€B
2.337
2.386
2.453
2.870
2.931
3.403
3.812
4.339
4.214
4.779
1.882
10.27%
8.44%
51
Revenue
€6.225B
8.56%
1.00×
Cost of revenue
€4.357B
8.56%
1.00×
Operating expenses
€1.016B
8.62%
1.01×
Cash and investments
19.28%
Property and equipment
18.46%
Spread over hurdle
20.35%