1.831
Revenue€B
4.013
4.064
4.018
4.141
4.234
4.170
4.237
4.365
4.486
4.540
1.944
1.41%
1.22%
21
21.14
Revenue growth%
15.15
16.22
18.45
18.17
17.94
20.15
18.10
16.37
14.96
15.47
13.25
16.37
17.15
39
24.93
Gross margin%
12.21
11.48
8.63
5.84
2.94
4.48
5.14
2.76
2.27
0.40
21.60
2.76
4.81
16
20.75
Operating margin%
9.14
6.95
9.78
7.66
5.58
4.30
7.02
7.15
7.61
9.02
21.85
7.15
7.38
55
28.41
Net margin%
14.78
12.07
11.05
8.62
10.69
9.42
9.87
9.44
8.49
10.43
20.69
9.44
10.15
92
37.50
P/E ratio (avg)x
41.34
42.31
42.30
43.71
43.57
47.04
45.80
52.66
53.84
57.99
31.25
52.66
44.75
22
18.04
EV/EBITx
13.78
12.59
12.31
12.37
11.78
13.14
14.72
15.92
17.65
17.39
16.84
15.92
13.46
13
27.06
FCF yield (avg)%
19.03
17.22
18.58
19.45
16.45
17.86
20.69
19.02
16.27
15.49
26.82
17.86
18.22
64
28.10
FCF margin%
18.01
20.15
19.61
17.23
17.60
15.31
16.28
18.31
19.34
19.62
16.52
18.31
18.16
31
1.436
FCF / Net incomex
1.074
1.070
1.220
1.290
1.515
1.523
1.495
1.767
1.922
2.291
1.253
1.767
1.505
70
26.92
ROIC%
27.88
27.28
30.07
29.10
26.89
28.59
30.31
29.15
28.67
31.22
29.42
29.15
28.88
67
8.94
Return on equity%
12.15
12.72
10.27
11.36
10.60
13.15
11.06
13.52
12.06
13.40
26.49
13.15
12.10
83
20.60
Return on assets%
8.59
8.57
7.36
7.47
7.71
5.56
8.10
5.77
3.53
1.36
3.28
5.56
7.41
39
7.22
EPS€
13.09
14.04
15.13
16.55
19.26
18.84
21.31
20.74
22.52
25.44
7.93
5.72%
6.72%
—
13.38
EPS growth%
36.51
36.38
37.06
37.09
35.29
34.06
33.82
35.58
38.42
37.20
15.69
35.58
36.44
50
4.31
Bookvalue per sh€
8.46
8.63
9.60
10.73
11.76
11.22
10.62
11.62
11.50
12.43
6.97
1.11%
4.17%
—
6.56
FCF per share€
10.64
11.72
12.58
14.18
16.21
19.25
20.60
22.41
23.69
23.36
5.94
7.59%
7.84%
—
10.34
Dividend per sh€
16.46
17.03
19.23
18.01
17.17
15.85
16.00
16.29
16.43
17.01
9.85
(0.19%)
1.79%
—
9.12
Div yield (avg)%
24.66
25.59
27.42
29.71
29.93
27.24
28.05
27.02
28.13
28.43
20.48
28.05
27.74
38
4.81
Payout ratio%
25.85
26.39
28.55
28.08
30.35
32.46
30.02
28.44
26.98
25.28
20.34
28.44
28.26
82
164.0
Shares (diluted)M
111.2
102.3
110.9
121.0
124.4
128.2
123.7
124.5
109.3
96.44
161.3
(4.96%)
(2.44%)
91
15.48
Buyback yield%
34.11
35.18
37.28
36.49
34.68
35.50
34.83
33.59
35.06
32.85
18.65
34.83
34.94
14
1.527
D/E ratiox
0.844
0.797
0.750
0.803
0.849
0.889
0.837
0.849
0.794
0.761
1.568
0.837
0.820
52
2.422
Enterprise value€B
6.366
6.071
6.589
6.439
6.370
7.265
6.857
7.821
8.847
9.627
2.924
8.61%
4.83%
44
3.331
LT debt€B
3.468
3.952
4.442
4.483
4.512
4.484
4.856
5.482
6.104
6.651
1.345
8.07%
8.66%
12
Revenue
€4.540B
1.22%
1.00×
Cost of revenue
€2.342B
1.19%
1.00×
Operating expenses
€1.079B
0.96%
0.97×
Return on capital
100.21%
Spread over hurdle
90.56%