1.098
Revenue€B
2.136
2.278
2.462
2.614
2.827
3.065
3.343
3.588
3.846
4.097
1.187
7.71%
7.65%
58
13.14
Revenue growth%
21.97
20.29
18.83
20.14
20.07
18.75
18.40
20.40
18.10
18.19
11.51
18.40
19.45
65
20.80
Gross margin%
17.83
20.38
19.93
17.77
20.03
19.03
19.43
16.94
14.82
12.70
23.93
16.94
18.43
9
15.09
Operating margin%
20.58
18.39
15.63
16.37
17.30
15.00
14.56
17.24
15.62
17.51
22.27
15.62
16.80
83
25.24
Net margin%
7.98
6.94
7.91
7.60
8.17
9.65
12.43
10.27
12.24
12.07
12.45
12.07
8.91
92
36.60
P/E ratio (avg)x
18.62
21.34
21.43
20.44
23.07
24.78
24.02
22.49
24.24
24.26
34.40
24.24
22.78
78
9.396
EV/EBITx
27.15
25.07
27.25
29.17
33.00
35.18
40.16
40.10
37.58
36.76
34.21
37.58
34.09
69
16.37
FCF yield (avg)%
21.37
21.59
23.23
23.66
23.70
26.20
27.34
27.89
25.27
24.12
4.00
26.20
23.91
36
16.57
FCF margin%
9.08
7.16
6.91
6.50
5.90
4.90
3.63
4.93
3.96
1.14
14.83
3.96
5.41
92
0.856
FCF / Net incomex
0.829
0.793
0.874
0.947
1.041
1.069
0.981
1.046
0.922
1.005
0.403
1.005
0.964
77
29.62
ROIC%
6.08
8.34
9.32
8.57
11.45
14.12
13.60
12.27
13.91
15.35
17.16
13.91
11.86
41
29.39
Return on equity%
20.93
19.62
20.91
22.30
23.85
26.51
24.78
26.34
23.47
20.70
19.20
24.78
22.89
53
27.40
Return on assets%
14.02
14.78
17.67
17.67
15.78
14.49
12.35
10.47
11.25
8.81
19.99
11.25
14.26
67
5.14
EPS€
2.65
2.49
2.62
2.74
2.95
3.31
3.20
3.60
4.10
4.11
5.60
6.83%
3.80%
—
24.71
EPS growth%
20.63
22.88
20.93
20.10
21.54
24.38
23.22
23.45
25.25
25.44
29.15
24.38
23.05
71
6.15
Bookvalue per sh€
8.74
8.44
8.30
9.38
9.19
8.95
9.65
10.81
12.67
14.28
9.86
9.21%
6.76%
—
2.79
FCF per share€
8.61
9.26
9.40
10.03
10.66
9.82
11.03
11.82
11.46
11.02
2.51
0.67%
2.91%
—
10.43
Dividend per sh€
3.38
3.98
4.09
4.83
5.34
5.95
6.11
6.48
7.59
8.00
1.83
8.40%
9.91%
—
12.40
Div yield (avg)%
8.79
11.78
13.20
13.78
12.79
10.17
12.33
13.68
13.22
12.15
21.84
12.33
12.56
88
19.28
Payout ratio%
13.13
14.39
11.75
10.05
10.26
10.94
8.88
6.15
7.02
5.93
21.02
7.02
10.15
77
315.6
Shares (diluted)M
310.7
354.4
340.9
342.8
396.0
376.5
420.6
482.2
504.6
506.2
326.2
5.03%
5.79%
69
15.04
Buyback yield%
11.43
10.48
11.39
10.78
12.12
14.33
13.13
11.65
12.29
11.48
25.41
12.29
11.57
29
1.177
D/E ratiox
1.701
1.860
2.026
2.016
2.005
1.927
1.858
2.059
2.167
2.312
1.000
2.059
2.011
41
1.714
Enterprise value€B
4.188
4.913
5.325
5.558
6.488
6.445
7.485
7.338
7.898
8.807
2.273
6.30%
8.35%
61
3.571
LT debt€B
4.063
4.747
5.293
5.686
6.039
7.058
7.305
8.687
8.734
9.550
1.909
9.60%
10.54%
79
Revenue
€4.097B
7.65%
1.00×
Cost of revenue
€2.868B
7.65%
1.00×
Operating expenses
€866.1M
7.56%
0.99×
Goodwill & intangibles
16.55%
Spread over hurdle
(0.99%)