3.270
Revenuekr B
1.797
1.894
2.035
2.132
2.245
2.445
2.644
2.761
3.012
3.223
3.509
7.50%
6.79%
44
10.97
Revenue growth%
1.36
4.23
7.08
7.07
8.70
6.27
6.92
6.16
3.77
6.30
12.67
6.27
6.29
87
20.54
Gross margin%
23.86
23.10
25.06
24.52
26.36
28.53
26.54
29.48
31.90
33.38
28.13
29.48
26.45
83
5.86
Operating margin%
7.64
5.71
8.58
9.11
10.00
9.86
8.69
6.31
5.15
3.72
3.01
6.31
8.11
44
7.63
Net margin%
33.12
31.17
30.98
28.93
27.36
27.86
28.64
26.95
26.88
28.26
28.98
27.86
28.45
39
35.21
P/E ratio (avg)x
27.77
27.63
32.42
31.55
32.56
32.29
32.14
33.78
38.18
39.79
27.78
33.78
32.35
73
9.546
EV/EBITx
34.42
34.85
34.46
31.20
30.92
27.83
27.08
26.89
24.17
21.67
34.44
26.89
29.38
44
6.09
FCF yield (avg)%
32.63
35.49
32.84
30.81
29.51
29.90
29.04
26.79
26.50
26.32
24.73
26.79
29.71
49
6.81
FCF margin%
7.92
8.91
8.73
11.15
11.90
13.74
15.50
16.43
15.10
15.27
14.55
15.27
12.82
18
0.921
FCF / Net incomex
1.321
1.280
1.447
1.651
1.564
1.488
1.635
1.798
1.808
1.688
1.780
1.688
1.599
32
25.19
ROIC%
16.01
18.74
18.91
19.13
16.57
17.01
14.53
12.26
10.81
7.92
27.42
12.26
16.29
9
3.29
Return on equity%
19.67
16.99
17.58
15.98
16.45
16.81
14.82
16.98
16.99
17.50
5.89
16.98
16.98
17
18.92
Return on assets%
19.34
22.22
23.53
22.79
20.32
21.90
19.72
17.48
16.27
15.02
15.13
17.48
20.02
88
2.39
EPSkr
1.72
1.61
1.39
1.25
1.16
1.11
1.15
1.02
0.90
0.92
2.66
(4.59%)
(5.77%)
—
25.62
EPS growth%
22.93
20.78
23.72
25.77
28.06
25.69
24.05
26.15
23.77
24.35
23.79
24.35
24.20
80
3.19
Bookvalue per shkr
1.18
1.05
0.99
0.93
0.93
0.87
0.80
0.79
0.74
0.62
0.52
(7.62%)
(5.46%)
—
3.48
FCF per sharekr
3.57
3.87
4.17
4.30
4.58
5.00
5.17
5.71
5.71
5.20
1.64
2.55%
4.46%
—
1.26
Dividend per shkr
2.57
2.45
2.60
2.96
3.00
3.10
3.17
3.53
3.63
3.89
2.61
5.33%
3.55%
—
5.77
Div yield (avg)%
25.06
22.34
21.68
23.30
23.04
24.02
22.97
22.82
21.22
18.67
29.10
22.82
22.89
47
8.65
Payout ratio%
24.85
23.72
25.32
26.11
24.21
23.96
25.07
26.08
27.97
29.21
26.07
26.08
25.20
29
305.1
Shares (diluted)M
372.0
422.4
460.9
422.1
449.7
415.2
467.6
460.6
525.4
584.5
304.3
5.38%
4.75%
31
24.14
Buyback yield%
0.40
0.40
1.77
3.07
4.72
7.39
5.71
3.16
0.40
0.40
13.73
3.16
2.42
32
1.056
D/E ratiox
0.771
0.776
0.813
0.774
0.741
0.851
0.910
0.930
0.888
0.848
1.323
0.888
0.830
56
2.570
Enterprise valuekr B
1.015
1.166
1.355
1.355
1.337
1.298
1.531
1.506
1.749
1.907
0.955
7.35%
6.21%
18
2.277
LT debtkr B
1.884
1.892
1.952
1.770
1.585
1.722
1.793
1.755
1.802
1.792
0.739
2.49%
(1.40%)
64
Cost of revenue
6.58%
0.98×
Operating expenses
6.40%
0.96×
Goodwill & intangibles
15.88%
Spread over hurdle
61.71%