2.841
Revenue€B
2.286
2.461
2.602
2.730
2.845
2.951
3.136
3.309
3.529
3.720
2.982
5.51%
5.78%
70
5.27
Revenue growth%
18.00
20.68
21.73
21.55
22.54
21.10
22.37
21.79
22.05
19.87
27.40
21.79
21.64
37
9.56
Gross margin%
25.02
26.51
24.25
24.50
26.29
23.75
21.83
19.90
21.82
23.37
18.46
21.83
24.00
71
17.69
Operating margin%
22.37
20.91
22.29
19.93
17.59
18.91
18.59
20.24
22.21
21.52
5.27
20.24
20.57
59
27.18
Net margin%
34.68
34.32
32.78
34.10
36.79
38.27
40.87
38.21
41.16
39.84
18.07
39.84
37.50
92
18.30
P/E ratio (avg)x
31.08
34.12
35.65
40.82
40.04
46.12
51.04
57.98
68.42
77.46
16.18
57.98
43.47
30
20.83
EV/EBITx
27.85
28.64
28.24
25.24
22.95
21.44
20.49
18.69
19.12
19.98
10.49
19.98
22.20
92
26.50
FCF yield (avg)%
31.03
28.53
27.71
27.47
28.81
27.83
25.17
27.19
26.96
29.64
25.63
27.19
27.77
8
5.68
FCF margin%
6.40
3.96
1.75
2.21
4.01
1.35
2.81
3.09
0.98
0.40
20.93
1.35
2.51
27
1.770
FCF / Net incomex
0.494
0.558
0.563
0.657
0.763
0.745
0.806
0.844
0.943
0.929
0.146
0.844
0.754
80
15.37
ROIC%
0.85
1.80
0.40
0.40
0.40
2.91
1.22
0.40
0.54
0.40
23.79
0.54
0.47
25
16.29
Return on equity%
17.18
16.97
19.65
21.32
19.70
21.01
19.22
20.08
20.70
22.66
15.58
20.70
19.89
81
17.02
Return on assets%
21.77
24.75
26.83
27.50
25.12
25.39
26.06
27.62
24.72
27.59
3.72
26.06
25.73
76
15.05
EPS€
21.50
24.65
27.22
27.10
31.59
38.26
45.11
47.62
52.49
54.63
15.37
11.58%
11.63%
—
2.76
EPS growth%
25.28
24.03
23.16
20.82
18.63
19.80
18.46
17.19
18.02
19.17
9.59
18.46
19.48
71
33.85
Bookvalue per sh€
33.85
40.47
48.73
48.00
47.71
49.47
60.09
71.56
75.74
81.71
14.86
11.36%
10.38%
—
11.36
FCF per share€
31.66
33.57
33.93
34.61
32.97
36.67
42.98
47.93
47.06
51.34
17.71
9.26%
5.62%
—
9.37
Dividend per sh€
29.56
31.10
35.89
38.05
44.90
48.90
55.79
53.94
58.72
60.02
16.10
5.98%
8.03%
—
25.48
Div yield (avg)%
10.60
7.71
6.86
4.80
5.85
4.56
2.35
0.40
0.40
0.40
3.08
0.40
4.68
91
29.43
Payout ratio%
11.00
13.50
14.48
13.63
13.72
13.13
11.00
8.06
7.96
9.42
28.01
9.42
12.07
25
61.59
Shares (diluted)M
92.99
88.36
98.77
112.2
124.0
117.7
114.7
132.4
145.5
163.9
62.11
5.74%
6.64%
86
28.47
Buyback yield%
4.04
2.19
0.40
0.40
0.40
0.40
0.78
2.18
2.59
3.34
21.01
2.18
1.48
73
1.656
D/E ratiox
0.285
0.261
0.275
0.273
0.286
0.304
0.289
0.286
0.303
0.287
0.749
0.289
0.286
17
2.635
Enterprise value€B
1.178
1.095
1.089
1.266
1.404
1.541
1.435
1.435
1.434
1.404
1.819
0.01%
2.87%
8
0.572
LT debt€B
1.581
1.475
1.517
1.418
1.479
1.448
1.593
1.832
1.874
2.137
0.366
7.64%
3.15%
27
Revenue
€3.720B
5.78%
1.00×
Cost of revenue
€1.837B
5.57%
0.98×
Operating expenses
€753.8M
6.00%
1.02×
Cash and investments
17.58%
Return on capital
116.63%
Spread over hurdle
108.56%