0.357
Revenue€B
1.080
1.151
1.224
1.338
1.406
1.539
1.655
1.769
1.866
2.049
0.394
7.83%
7.51%
44
22.81
Revenue growth%
17.99
15.45
15.86
14.97
14.11
15.15
12.28
12.62
11.30
8.72
28.12
12.28
14.54
13
4.27
Gross margin%
27.54
25.80
27.12
25.78
25.98
23.84
23.28
23.47
23.81
24.97
23.57
23.81
25.37
19
14.95
Operating margin%
9.33
10.09
9.99
9.44
8.06
10.32
8.90
9.89
9.07
10.88
24.53
9.89
9.67
70
22.83
Net margin%
21.87
24.27
24.10
24.83
24.04
24.29
24.73
25.16
27.16
26.24
13.83
25.16
24.51
92
17.57
P/E ratio (avg)x
32.42
34.93
41.82
46.56
45.53
45.93
52.30
56.64
54.85
55.86
11.44
54.85
46.24
43
7.073
EV/EBITx
25.94
26.68
29.08
29.80
28.73
27.47
25.21
25.57
24.25
23.54
25.88
25.21
26.31
75
26.02
FCF yield (avg)%
19.28
16.51
19.25
16.64
16.44
14.62
15.61
16.31
16.23
16.60
11.46
16.23
16.47
29
20.37
FCF margin%
6.94
5.83
3.28
3.60
3.55
4.17
5.41
5.33
2.86
1.94
13.64
4.17
3.88
66
1.744
FCF / Net incomex
1.297
1.321
1.399
1.521
1.404
1.269
1.378
1.276
1.281
1.139
0.177
1.276
1.309
47
28.73
ROIC%
20.32
22.44
24.49
26.66
25.23
24.90
26.48
27.23
26.30
27.64
11.03
26.48
25.76
23
28.67
Return on equity%
14.77
13.16
10.56
10.12
11.05
13.32
15.51
17.69
15.03
16.16
28.63
15.51
14.05
71
23.93
Return on assets%
14.18
16.90
19.49
20.77
22.97
20.20
21.73
22.92
22.34
19.56
12.81
21.73
20.49
70
3.75
EPS€
4.91
5.58
5.42
6.30
6.74
7.40
8.18
9.48
9.47
10.18
3.83
8.60%
7.33%
—
4.52
EPS growth%
9.37
11.75
9.50
7.20
8.06
6.01
8.95
6.22
6.99
8.72
27.55
6.99
8.39
82
5.06
Bookvalue per sh€
2.89
2.96
3.22
3.36
2.95
3.21
3.01
2.64
2.77
2.46
7.15
(3.56%)
(1.38%)
—
7.07
FCF per share€
4.05
4.48
4.69
4.61
5.22
5.77
6.16
7.22
7.93
8.99
2.79
11.47%
8.57%
—
7.73
Dividend per sh€
8.42
9.23
10.84
11.57
11.14
11.03
12.60
13.76
13.87
14.78
3.74
5.82%
7.30%
—
22.66
Div yield (avg)%
28.22
30.41
27.78
28.83
29.85
31.06
32.56
33.79
32.80
34.32
9.51
32.80
30.73
31
22.39
Payout ratio%
19.80
22.75
19.87
17.70
17.60
17.72
19.20
19.21
21.68
21.00
11.03
19.21
19.51
59
167.3
Shares (diluted)M
162.8
142.1
146.3
153.2
145.9
135.1
119.5
118.8
112.7
101.2
167.0
(7.06%)
(5.04%)
78
15.16
Buyback yield%
3.39
1.10
0.40
0.40
0.40
2.44
2.81
0.40
0.40
0.40
26.30
0.40
0.40
59
1.366
D/E ratiox
1.166
1.193
1.170
1.300
1.303
1.419
1.469
1.416
1.496
1.535
1.673
1.469
1.360
61
0.326
Enterprise value€B
2.988
2.824
3.250
3.424
3.899
3.860
3.784
4.383
4.630
5.274
1.202
6.23%
5.42%
14
0.209
LT debt€B
0.519
0.526
0.610
0.612
0.638
0.727
0.836
0.838
0.941
0.895
1.153
6.99%
6.67%
8
Revenue
€2.049B
7.51%
1.00×
Cost of revenue
€1.244B
7.70%
1.02×
Operating expenses
€363.5M
7.56%
1.01×
Property and equipment
20.14%
Cash and investments
16.00%
Spread over hurdle
47.00%