0.956
RevenueFr B
1.091
1.179
1.243
1.319
1.398
1.499
1.578
1.712
1.820
1.983
1.021
7.25%
6.96%
86
4.40
Revenue growth%
23.10
25.38
22.86
21.82
21.71
20.67
19.02
20.28
19.08
20.62
10.93
20.28
21.19
39
2.68
Gross margin%
23.23
22.65
21.42
18.83
19.30
22.06
19.88
21.25
20.17
23.07
16.24
21.25
21.34
87
10.09
Operating margin%
14.70
12.71
14.57
15.63
18.30
15.68
12.76
14.16
13.91
12.28
3.74
13.91
14.37
71
21.21
Net margin%
14.85
14.34
16.05
18.75
21.38
23.15
23.99
23.35
21.89
21.76
29.80
23.15
21.57
5
10.15
P/E ratio (avg)x
11.65
12.62
12.04
11.28
12.51
13.83
14.12
14.72
13.79
12.68
10.33
13.83
12.65
42
12.68
EV/EBITx
28.69
34.44
34.03
40.03
45.32
52.34
63.00
70.17
79.48
81.16
33.89
70.17
48.83
7
5.21
FCF yield (avg)%
17.32
19.28
20.75
22.01
21.15
21.46
20.19
22.49
22.31
23.59
14.39
22.31
21.31
54
8.55
FCF margin%
30.95
33.94
32.27
35.19
35.06
35.70
36.62
38.17
35.48
34.39
20.54
35.70
35.12
47
1.110
FCF / Net incomex
0.778
0.736
0.837
0.830
0.825
0.888
0.846
0.823
0.947
0.938
1.785
0.888
0.834
90
2.44
ROIC%
4.93
2.89
5.42
5.76
6.69
9.38
12.09
14.48
14.11
12.82
29.89
12.82
8.04
88
5.78
Return on equity%
28.42
31.08
29.25
26.66
25.43
28.40
26.91
29.57
28.26
29.55
5.69
28.40
28.41
33
21.91
Return on assets%
9.06
10.33
10.32
10.42
10.80
10.13
7.62
9.21
7.60
7.50
12.08
7.62
9.67
29
42.85
EPSFr
13.76
13.93
14.56
14.67
13.76
14.55
12.94
13.96
15.60
15.04
45.36
1.79%
1.78%
—
14.83
EPS growth%
12.54
11.75
10.67
9.09
6.38
4.69
3.68
4.27
3.16
3.98
8.17
3.98
5.54
91
18.10
Bookvalue per shFr
54.05
48.69
46.30
49.66
50.58
53.56
47.17
47.62
45.84
50.55
15.30
(0.01%)
(0.64%)
—
33.17
FCF per shareFr
25.00
26.70
31.35
36.80
36.28
39.67
46.66
48.72
56.50
58.92
13.38
10.19%
10.85%
—
27.72
Dividend per shFr
11.19
10.71
9.24
8.74
8.20
8.17
7.52
8.19
8.50
8.94
42.59
1.75%
(2.93%)
—
12.50
Div yield (avg)%
35.03
32.92
33.89
33.30
36.22
37.49
36.82
36.80
38.59
40.06
16.10
37.49
36.51
55
6.46
Payout ratio%
24.10
22.17
21.31
23.18
24.91
26.23
26.12
26.89
26.74
28.31
22.66
26.74
25.52
83
29.79
Shares (diluted)M
45.10
50.11
54.97
54.13
61.68
67.97
79.30
93.85
99.91
97.75
30.80
9.65%
9.13%
47
12.80
Buyback yield%
1.88
3.86
4.24
3.73
5.97
8.05
5.09
3.16
3.88
4.96
28.00
4.96
4.06
34
0.550
D/E ratiox
1.373
1.484
1.422
1.407
1.471
1.643
1.809
1.749
1.663
1.551
0.992
1.663
1.517
55
1.547
Enterprise valueFr B
1.235
1.429
1.588
1.839
1.773
2.099
2.209
2.303
2.557
2.958
0.846
10.77%
10.61%
30
0.598
LT debtFr B
1.226
1.348
1.454
1.460
1.623
1.820
1.969
1.971
2.094
2.257
0.288
6.81%
7.66%
31
Cost of revenue
6.77%
0.98×
Operating expenses
7.10%
1.01×
Cash and investments
19.06%
Spread over hurdle
10.69%