2.272
Revenue€B
5.362
5.497
5.807
6.024
6.153
6.261
6.454
6.566
6.808
2.506
2.450
2.47%
3.23%
70
4.86
Revenue growth%
18.75
19.49
16.51
14.79
15.87
15.09
13.82
12.00
12.45
22.81
15.79
13.82
15.48
60
15.32
Gross margin%
22.66
22.49
25.30
26.28
25.52
24.40
21.71
23.78
24.33
21.17
12.81
24.33
24.05
5
24.40
Operating margin%
27.03
25.99
28.67
27.64
26.60
27.46
25.62
24.11
26.04
12.05
11.71
26.04
26.56
12
3.54
Net margin%
27.89
25.98
28.26
28.22
28.61
28.10
27.86
28.69
30.59
11.37
4.68
28.61
28.16
40
14.76
P/E ratio (avg)x
12.67
12.26
11.09
11.66
11.46
11.18
10.78
10.36
10.72
26.16
35.90
10.78
11.32
27
18.75
EV/EBITx
40.90
41.87
43.42
43.54
48.46
50.52
51.51
62.25
74.41
9.898
14.19
51.51
46.00
14
19.05
FCF yield (avg)%
28.24
27.83
28.50
28.54
26.98
27.55
26.99
27.16
24.32
24.16
28.29
26.99
27.35
29
13.25
FCF margin%
21.87
22.65
22.65
22.95
20.31
19.24
19.68
16.79
16.62
20.00
6.53
19.24
20.00
95
1.234
FCF / Net incomex
0.937
1.003
1.059
1.050
0.953
0.978
0.839
0.722
0.660
1.177
0.385
0.839
0.947
92
2.29
ROIC%
13.55
15.80
17.90
15.62
17.57
19.84
19.44
18.04
19.27
28.96
4.98
19.27
17.74
49
8.03
Return on equity%
21.31
22.18
21.36
21.29
22.27
21.36
22.45
20.63
20.94
13.63
3.31
21.36
21.36
5
5.66
Return on assets%
20.12
18.56
19.70
21.80
19.90
21.62
18.89
16.14
19.06
11.06
25.60
19.06
19.80
48
3.88
EPS€
5.40
5.44
6.23
6.40
7.53
8.85
9.08
9.70
10.26
4.29
4.56
9.91%
7.50%
—
10.70
EPS growth%
11.77
10.62
10.82
10.49
8.35
8.09
8.74
9.32
9.20
17.29
19.34
8.74
9.90
68
5.02
Bookvalue per sh€
2.40
2.39
2.45
2.27
2.34
2.40
2.10
1.99
1.76
1.46
3.82
(4.93%)
(2.69%)
—
1.26
FCF per share€
1.55
1.66
1.51
1.44
1.58
1.65
1.85
1.95
2.01
2.91
4.06
7.00%
1.49%
—
3.75
Dividend per sh€
3.87
3.76
4.07
3.90
3.89
4.13
3.84
4.32
4.41
0.85
2.86
2.50%
1.31%
—
7.92
Div yield (avg)%
15.68
16.01
18.39
19.16
19.10
16.27
16.04
18.61
16.00
3.10
24.20
16.27
16.18
65
4.62
Payout ratio%
29.71
29.85
31.98
31.19
30.04
28.99
29.95
28.78
30.92
2.24
11.02
29.95
29.90
64
0.514
Shares (diluted)B
0.883
0.979
1.146
1.372
1.415
1.524
1.622
1.758
1.979
0.503
0.525
7.61%
11.03%
61
20.62
Buyback yield%
21.64
24.20
24.28
26.32
25.96
23.62
22.79
25.19
27.60
7.45
8.89
25.19
24.24
81
1.438
D/E ratiox
2.234
2.293
2.716
2.701
3.089
3.100
3.242
3.636
3.604
1.144
1.568
3.242
2.902
21
5.105
Enterprise value€B
2.212
2.040
1.778
1.970
1.903
1.832
1.696
1.495
1.648
5.589
0.721
(3.51%)
(4.33%)
31
0.338
LT debt€B
5.383
6.147
6.554
6.237
7.065
7.620
7.929
8.201
8.158
6.731
1.420
5.52%
5.05%
41
Revenue
€6.808B
3.23%
1.00×
Cost of revenue
€4.242B
3.25%
1.00×
Operating expenses
€1.655B
3.17%
0.99×
Goodwill & intangibles
15.71%
Spread over hurdle
(0.41%)