1.805
Revenue€B
1.835
1.924
2.027
2.158
2.245
2.414
2.543
2.723
2.853
2.979
1.963
5.83%
5.78%
93
21.91
Revenue growth%
11.99
13.90
14.31
13.53
10.74
9.72
10.26
10.03
11.64
11.17
10.04
10.26
11.41
64
7.07
Gross margin%
35.31
34.19
34.40
34.76
34.88
33.63
34.45
35.23
37.68
40.65
8.21
35.23
34.82
83
14.15
Operating margin%
23.53
22.72
22.60
21.62
20.12
22.39
23.87
25.17
22.79
24.77
18.35
23.87
22.75
42
2.24
Net margin%
25.29
24.05
23.67
24.24
23.99
25.18
23.91
23.24
21.18
23.99
3.20
23.91
23.99
50
28.92
P/E ratio (avg)x
46.72
52.95
57.89
60.91
71.71
72.87
77.50
87.57
102.3
116.7
31.92
87.57
72.29
27
24.61
EV/EBITx
13.75
13.39
14.13
12.37
11.54
12.25
11.80
10.09
9.515
10.06
9.695
10.09
12.03
52
8.84
FCF yield (avg)%
21.34
21.00
21.92
23.25
21.97
22.62
20.21
17.86
18.72
17.79
26.35
18.72
21.17
37
25.22
FCF margin%
11.26
11.84
12.94
14.67
12.17
13.32
14.94
15.40
15.72
16.60
18.78
15.40
13.99
81
0.570
FCF / Net incomex
1.032
0.961
0.878
0.971
0.894
1.014
1.067
1.151
1.054
1.063
0.976
1.063
1.023
34
14.76
ROIC%
16.41
18.63
17.96
20.07
20.05
21.64
20.66
21.55
19.43
21.77
5.66
21.55
20.06
13
7.76
Return on equity%
27.41
26.29
25.20
25.18
26.13
24.12
23.77
24.55
26.55
25.36
2.81
24.55
25.28
73
10.32
Return on assets%
7.62
7.14
9.68
8.65
7.08
7.20
10.14
9.33
8.80
7.66
9.40
8.80
8.16
31
2.66
EPS€
7.05
7.41
7.81
7.93
8.99
10.33
9.64
10.21
9.68
11.10
2.90
4.30%
4.44%
—
8.40
EPS growth%
31.77
31.13
28.94
26.30
24.27
26.07
23.98
26.26
26.03
26.11
10.04
26.07
26.18
92
8.90
Bookvalue per sh€
3.91
3.53
3.76
3.50
3.72
3.29
2.90
2.80
2.66
2.32
2.63
(9.01%)
(6.21%)
—
2.84
FCF per share€
3.97
3.66
3.47
3.40
3.11
2.82
2.91
2.85
3.05
2.77
3.20
(2.29%)
(3.58%)
—
5.00
Dividend per sh€
5.73
6.19
6.51
6.43
6.59
6.08
5.71
5.11
5.14
4.60
2.93
(6.93%)
(1.32%)
—
5.25
Div yield (avg)%
9.11
11.30
9.51
6.83
9.60
10.81
13.11
11.52
10.01
12.60
6.32
11.52
10.41
14
19.32
Payout ratio%
8.22
9.97
11.42
9.95
10.12
9.20
9.63
8.34
6.22
6.33
13.03
8.34
9.41
83
96.49
Shares (diluted)M
155.4
168.8
189.4
218.0
209.0
209.2
201.9
231.1
226.7
247.6
99.80
3.45%
4.98%
44
29.11
Buyback yield%
13.50
11.30
8.77
11.11
10.21
11.49
11.38
10.42
11.01
13.46
23.21
11.38
11.20
74
0.169
D/E ratiox
0.219
0.206
0.218
0.246
0.227
0.239
0.226
0.247
0.264
0.240
0.880
0.240
0.233
69
0.691
Enterprise value€B
1.219
1.290
1.334
1.450
1.651
1.857
2.141
2.031
2.127
2.358
2.249
7.40%
6.88%
49
0.694
LT debt€B
0.629
0.561
0.595
0.585
0.548
0.481
0.512
0.463
0.398
0.355
2.254
(8.29%)
(6.44%)
80
Revenue
€2.979B
5.78%
1.00×
Cost of revenue
€1.906B
6.06%
1.03×
Operating expenses
€517.8M
5.36%
0.96×
Cash and investments
18.66%