2.784
Revenue€B
3.058
3.217
3.338
3.569
3.771
4.008
4.256
4.460
4.840
5.262
2.906
6.89%
6.27%
18
9.69
Revenue growth%
8.61
10.63
10.60
9.31
10.27
11.14
10.37
12.58
13.34
16.30
10.75
12.58
10.62
86
11.00
Gross margin%
1.37
1.23
0.40
1.89
1.90
1.74
1.59
0.40
0.40
0.40
17.69
0.40
1.30
7
11.92
Operating margin%
3.51
2.00
3.58
4.21
1.54
0.40
1.91
0.69
2.22
0.40
21.27
0.69
1.96
22
4.32
Net margin%
10.64
10.60
9.32
8.63
10.74
13.04
15.40
15.40
17.82
16.32
17.74
15.40
11.89
11
28.15
P/E ratio (avg)x
20.06
21.78
21.95
21.57
22.55
23.19
24.99
27.81
28.68
27.84
23.22
27.81
22.87
55
11.40
EV/EBITx
29.63
30.87
31.13
32.42
31.67
31.37
32.52
37.58
44.18
49.86
33.32
37.58
32.04
29
12.02
FCF yield (avg)%
14.29
15.95
16.93
15.60
15.10
12.58
13.48
12.12
12.79
12.95
17.06
12.79
13.88
8
12.21
FCF margin%
27.72
26.00
25.39
26.83
27.99
27.56
28.34
28.87
29.27
29.90
27.18
28.87
27.86
25
1.275
FCF / Net incomex
1.534
1.491
1.383
1.373
1.415
1.255
1.372
1.254
1.169
1.050
1.154
1.254
1.373
39
19.14
ROIC%
31.93
30.81
30.28
30.65
31.17
32.67
31.51
33.19
35.13
32.86
29.44
32.86
31.72
44
21.11
Return on equity%
36.39
36.59
39.53
41.76
39.45
39.10
37.60
36.90
34.19
37.01
11.95
37.01
37.30
13
29.91
Return on assets%
21.05
20.69
22.16
23.76
21.07
18.71
15.77
14.59
16.52
15.95
24.26
15.95
19.70
42
32.89
EPS€
28.82
29.79
25.67
25.95
24.96
25.28
22.10
24.06
24.81
23.60
34.78
(1.11%)
(3.07%)
—
16.99
EPS growth%
8.58
7.61
4.73
1.91
3.91
2.26
2.41
4.45
5.24
4.11
8.52
4.11
4.28
82
13.52
Bookvalue per sh€
29.77
34.80
41.10
47.38
55.74
61.28
66.99
71.54
68.42
79.82
12.89
7.44%
10.17%
—
12.22
FCF per share€
17.28
20.33
22.79
23.33
22.64
23.12
24.63
25.00
27.85
28.75
34.55
4.90%
6.95%
—
10.38
Dividend per sh€
42.38
47.77
48.44
50.53
48.94
51.38
58.09
62.49
74.03
77.58
29.97
9.65%
8.04%
—
26.05
Div yield (avg)%
16.19
14.51
13.69
12.17
12.18
9.31
7.80
7.19
4.56
4.62
16.92
7.19
10.74
66
12.14
Payout ratio%
25.20
25.70
27.11
24.98
27.38
29.79
30.59
31.19
29.82
31.43
3.47
30.59
28.58
32
150.9
Shares (diluted)M
156.5
166.2
163.1
180.3
185.4
172.1
183.2
187.7
208.0
208.3
156.3
2.36%
2.43%
87
18.77
Buyback yield%
6.60
7.92
6.37
4.81
4.66
5.12
5.67
6.50
8.87
11.07
16.65
6.50
6.44
59
1.353
D/E ratiox
0.892
0.789
0.723
0.641
0.541
0.544
0.499
0.468
0.432
0.424
1.747
0.468
0.543
85
6.846
Enterprise value€B
0.696
0.633
0.602
0.583
0.580
0.624
0.611
0.635
0.605
0.559
7.153
(0.75%)
(3.29%)
84
2.207
LT debt€B
4.107
4.239
4.517
4.812
4.590
4.329
3.970
3.635
3.601
3.332
2.858
(6.21%)
(1.84%)
35
Revenue
€5.262B
6.27%
1.00×
Cost of revenue
€3.175B
6.07%
0.98×
Operating expenses
€1.307B
6.77%
1.05×
Goodwill & intangibles
18.70%
Property and equipment
15.75%
Spread over hurdle
(6.88%)