5.140
Revenue€B
4.062
4.373
4.767
5.244
5.569
5.963
6.576
7.205
7.826
8.368
5.633
8.49%
8.50%
10
5.69
Revenue growth%
32.46
32.85
35.25
35.43
36.86
38.87
40.05
39.99
39.95
38.05
18.74
39.95
37.45
51
21.60
Gross margin%
17.15
20.13
20.44
23.16
24.26
26.57
28.02
30.76
33.16
32.99
13.86
30.76
25.41
93
2.21
Operating margin%
10.45
10.92
12.99
15.03
13.43
12.77
14.82
14.83
16.26
18.96
20.49
14.83
14.12
92
17.95
Net margin%
28.27
26.68
27.82
29.20
29.55
26.67
28.00
28.42
29.79
29.52
19.96
28.42
28.35
34
37.24
P/E ratio (avg)x
6.495
6.764
6.135
5.386
5.213
5.276
5.267
5.068
5.499
5.967
29.52
5.276
5.443
79
28.84
EV/EBITx
25.01
25.90
24.38
24.57
22.66
25.15
24.26
24.01
24.32
21.28
7.660
24.26
24.35
7
5.03
FCF yield (avg)%
24.56
25.52
23.10
21.08
22.69
24.79
27.19
28.89
28.69
27.97
7.39
27.97
25.16
75
6.40
FCF margin%
22.50
24.34
26.69
24.60
26.62
28.33
25.69
25.62
26.71
29.31
29.98
26.71
26.16
14
0.916
FCF / Net incomex
0.387
0.422
0.457
0.441
0.467
0.479
0.508
0.476
0.472
0.532
0.161
0.479
0.470
20
11.10
ROIC%
25.78
26.15
23.66
22.94
22.71
24.32
22.99
21.78
24.17
22.88
10.28
22.99
23.33
86
28.17
Return on equity%
8.19
5.63
5.04
7.27
7.80
6.90
3.91
3.88
0.96
0.40
27.69
3.88
5.33
33
28.49
Return on assets%
14.60
14.89
16.27
14.77
16.63
15.41
13.07
14.19
14.36
13.80
15.49
14.19
14.69
48
34.69
EPS€
132.22
141.06
149.10
163.77
192.96
183.71
182.49
211.88
202.82
209.07
37.24
1.62%
6.31%
—
8.00
EPS growth%
19.58
18.46
18.35
15.95
18.35
15.41
16.61
17.45
16.80
17.09
5.74
16.80
17.27
78
66.75
Bookvalue per sh€
41.14
40.65
38.54
38.18
41.90
45.73
43.79
49.40
47.12
53.16
66.12
4.88%
2.17%
—
26.32
FCF per share€
40.10
38.39
39.05
39.05
35.46
39.51
40.97
41.78
41.75
45.00
47.45
4.88%
1.30%
—
51.10
Dividend per sh€
20.25
19.20
18.10
16.64
15.54
16.29
16.52
15.32
16.56
15.17
22.81
(0.47%)
(2.29%)
—
13.60
Div yield (avg)%
31.15
31.58
29.70
27.88
25.98
27.44
25.54
23.90
22.57
25.39
20.71
25.39
26.71
49
3.64
Payout ratio%
8.37
7.57
6.81
5.33
7.07
4.91
6.50
7.55
7.54
5.74
23.79
6.50
6.94
53
75.11
Shares (diluted)M
83.92
90.17
86.94
90.15
105.0
116.6
130.1
151.6
169.6
172.2
74.61
10.41%
8.21%
73
2.51
Buyback yield%
23.26
24.75
27.52
26.42
23.96
25.42
27.34
25.12
23.62
24.70
3.96
25.12
24.93
16
0.956
D/E ratiox
0.970
0.983
0.951
1.089
1.229
1.452
1.702
2.031
1.992
1.937
0.733
1.937
1.341
46
8.679
Enterprise value€B
8.271
8.389
8.801
8.545
8.737
8.688
8.307
8.414
8.703
7.695
1.282
(2.51%)
(1.24%)
27
6.496
LT debt€B
9.173
10.56
11.89
12.05
14.28
13.94
14.76
17.72
18.37
21.88
6.926
8.91%
11.03%
37
Revenue
€8.368B
8.50%
1.00×
Cost of revenue
€4.865B
8.19%
0.97×
Operating expenses
€1.155B
9.47%
1.09×
Goodwill & intangibles
16.24%
Spread over hurdle
(0.85%)