3.690
Revenuekr B
2.347
2.508
2.674
2.920
3.213
3.477
3.721
4.008
4.215
4.539
4.071
7.15%
7.72%
73
23.85
Revenue growth%
20.59
23.50
23.79
25.91
24.28
25.52
23.03
21.43
23.67
25.97
24.65
23.67
23.73
39
17.55
Gross margin%
25.58
24.28
21.78
18.82
20.78
19.91
19.45
21.91
23.76
25.95
28.53
21.91
21.85
58
12.34
Operating margin%
8.55
9.16
10.22
11.21
13.71
11.22
10.22
7.59
5.73
3.63
4.82
7.59
9.69
51
24.65
Net margin%
29.97
30.53
32.69
29.81
27.30
27.27
29.76
30.89
32.52
30.43
19.28
30.43
30.20
59
17.51
P/E ratio (avg)x
17.15
19.65
20.32
20.29
21.99
24.47
28.06
33.14
34.25
40.46
10.56
33.14
23.23
92
25.55
EV/EBITx
18.24
20.67
23.70
23.54
25.28
26.99
28.34
32.23
32.74
35.80
28.11
32.23
26.14
56
23.66
FCF yield (avg)%
4.30
5.00
2.45
0.40
0.40
0.40
0.40
1.28
0.40
0.86
3.44
0.40
0.63
93
2.86
FCF margin%
13.18
11.36
10.36
10.43
12.66
15.23
13.76
11.29
9.23
9.63
26.29
11.29
11.33
26
1.238
FCF / Net incomex
0.771
0.851
0.820
0.764
0.876
0.930
1.017
0.951
1.067
1.165
0.519
1.017
0.903
83
18.66
ROIC%
25.78
24.84
25.63
22.87
25.13
24.76
26.27
27.14
29.08
29.74
13.21
27.14
25.70
30
23.31
Return on equity%
7.86
7.81
4.96
4.72
5.96
3.88
1.55
3.08
0.40
2.65
17.73
2.65
4.30
32
26.27
Return on assets%
19.06
19.68
21.36
22.19
19.29
16.94
18.42
16.29
16.97
14.40
16.49
16.94
18.74
38
24.00
EPSkr
31.51
31.30
36.76
39.17
38.58
40.93
43.02
49.76
55.89
63.27
24.97
10.40%
8.43%
—
29.20
EPS growth%
24.14
25.65
28.31
26.26
27.32
28.94
31.13
28.71
27.37
27.53
14.68
28.71
27.45
63
10.28
Bookvalue per shkr
41.53
39.46
38.35
36.88
42.44
44.37
49.29
45.99
43.46
46.34
17.31
1.77%
2.25%
—
21.08
FCF per sharekr
13.72
13.48
15.17
17.72
18.74
21.25
21.73
24.50
24.49
24.89
29.35
5.84%
6.63%
—
29.30
Dividend per shkr
43.33
44.54
52.85
52.84
53.59
64.52
70.35
71.56
73.79
76.82
28.58
7.47%
7.68%
—
4.37
Div yield (avg)%
21.12
18.66
18.25
19.55
20.81
21.82
22.95
22.18
21.33
23.52
12.13
22.18
21.22
57
4.95
Payout ratio%
29.29
28.88
30.41
32.85
33.28
30.88
30.23
33.07
35.71
36.27
7.51
33.07
31.87
55
93.30
Shares (diluted)M
78.29
87.29
96.59
107.0
107.6
118.8
113.9
120.3
109.6
100.8
89.30
(1.30%)
2.41%
33
21.08
Buyback yield%
1.74
1.12
1.61
0.40
2.34
1.82
0.80
1.41
0.40
0.49
17.07
0.80
1.26
52
0.781
D/E ratiox
1.069
1.198
1.165
1.228
1.283
1.319
1.416
1.527
1.797
1.761
0.967
1.527
1.301
51
2.346
Enterprise valuekr B
0.674
0.715
0.703
0.802
0.786
0.861
0.941
0.888
0.881
0.919
1.173
3.18%
4.57%
40
3.766
LT debtkr B
6.189
6.083
6.258
6.533
7.744
8.923
9.214
10.11
11.82
14.07
1.762
12.68%
8.79%
95
Cost of revenue
7.85%
1.01×
Operating expenses
7.32%
0.96×
Cash and investments
19.48%
Spread over hurdle
(2.20%)