0.561
Revenue€B
1.375
1.426
1.483
1.540
1.658
1.796
1.908
2.008
2.133
2.290
0.589
6.67%
5.84%
41
9.14
Revenue growth%
20.44
22.41
23.44
21.75
24.40
23.29
20.33
18.68
15.88
17.11
14.41
18.68
21.09
67
19.37
Gross margin%
25.89
24.62
23.57
24.83
26.37
25.12
25.11
26.60
26.41
25.61
25.84
25.61
25.36
65
27.30
Operating margin%
6.66
6.46
4.31
2.13
2.18
2.74
4.16
6.53
3.58
1.05
22.68
3.58
3.87
54
9.86
Net margin%
10.48
11.51
14.19
15.56
18.37
19.31
18.62
19.11
16.41
17.51
6.69
18.62
16.96
19
26.22
P/E ratio (avg)x
7.910
7.215
7.587
7.507
8.032
7.204
6.585
6.540
5.560
4.906
32.53
6.540
7.209
7
12.82
EV/EBITx
37.49
39.72
44.29
41.68
41.88
40.06
37.33
37.68
37.00
41.41
10.31
37.68
39.89
63
17.40
FCF yield (avg)%
6.61
6.39
6.32
6.89
6.82
6.37
5.28
6.21
6.59
5.24
26.40
6.21
6.38
49
5.52
FCF margin%
12.74
10.59
8.70
7.94
6.25
7.00
4.54
5.93
8.56
8.11
15.63
7.00
8.02
64
0.862
FCF / Net incomex
1.877
1.880
2.083
2.282
2.198
2.553
2.831
2.899
2.945
3.192
1.203
2.899
2.417
54
16.89
ROIC%
9.12
9.73
9.42
6.52
4.04
6.96
7.12
5.73
7.02
9.61
28.88
7.02
7.07
89
8.35
Return on equity%
3.87
2.46
3.80
2.92
1.93
0.40
0.40
0.40
0.40
0.40
16.26
0.40
1.16
44
5.35
Return on assets%
17.57
17.71
16.25
17.61
18.81
18.73
16.93
14.84
13.58
11.48
15.24
14.84
17.25
45
3.54
EPS€
4.99
4.87
4.58
5.20
4.98
4.95
5.07
5.57
6.25
6.91
3.86
6.80%
3.32%
—
2.95
EPS growth%
6.83
5.91
4.12
2.97
1.46
1.04
3.58
5.77
8.16
7.51
17.06
5.77
4.94
42
4.93
Bookvalue per sh€
14.52
16.96
16.81
19.99
21.32
24.90
28.92
28.32
28.54
27.94
5.83
5.55%
8.57%
—
10.46
FCF per share€
9.88
8.91
7.96
8.06
7.87
7.38
8.02
7.04
6.38
6.40
5.60
(4.04%)
(5.48%)
—
6.84
Dividend per sh€
5.33
5.99
5.84
6.76
7.06
7.76
8.27
9.12
9.60
10.49
2.54
8.26%
8.80%
—
29.24
Div yield (avg)%
10.93
12.33
10.41
10.17
12.55
12.09
14.17
16.42
18.87
19.04
18.86
16.42
12.44
57
16.15
Payout ratio%
5.32
6.59
3.71
4.55
5.47
4.26
1.41
0.40
2.76
3.18
3.82
2.76
3.99
88
116.9
Shares (diluted)M
117.1
119.2
129.1
145.3
155.6
147.0
145.7
141.1
164.4
175.2
118.2
2.39%
5.04%
31
3.56
Buyback yield%
11.49
13.08
12.73
15.60
15.77
17.35
15.48
17.73
18.34
19.76
5.49
17.73
15.69
29
0.321
D/E ratiox
2.191
2.529
2.462
2.644
2.884
3.458
3.388
3.585
4.209
4.528
1.718
3.585
3.136
88
0.638
Enterprise value€B
1.533
1.638
1.689
1.880
2.004
2.107
2.481
2.655
2.920
3.010
0.245
8.48%
8.05%
24
1.218
LT debt€B
1.200
1.214
1.290
1.271
1.260
1.410
1.608
1.611
1.895
2.171
1.459
11.50%
6.39%
6
Revenue
€2.290B
5.84%
1.00×
Cost of revenue
€1.603B
5.84%
1.00×
Operating expenses
€435.1M
5.51%
0.97×
Goodwill & intangibles
19.46%
Cash and investments
18.64%
Spread over hurdle
(2.99%)