3.998
Revenue€B
4.286
4.518
4.829
5.090
5.314
5.469
5.613
5.773
6.012
6.132
4.260
2.90%
4.02%
87
18.51
Revenue growth%
23.81
21.51
21.44
19.75
22.49
23.97
22.40
24.66
23.18
25.30
17.30
23.97
22.84
63
21.27
Gross margin%
22.19
19.69
16.96
18.39
16.74
18.00
18.38
19.86
20.35
20.84
12.68
19.86
19.04
82
2.18
Operating margin%
25.46
23.01
23.53
25.36
23.42
23.90
22.69
21.74
23.10
22.04
12.07
22.69
23.26
22
8.44
Net margin%
7.31
7.47
5.75
3.99
2.85
5.32
3.66
2.00
0.75
0.40
14.80
2.00
3.83
43
32.89
P/E ratio (avg)x
38.07
39.05
43.75
50.30
51.03
58.44
57.27
54.52
58.37
62.03
31.83
58.37
52.77
42
13.82
EV/EBITx
38.77
41.89
43.32
47.18
45.94
51.12
52.53
52.98
61.41
64.35
22.64
52.98
49.15
22
16.67
FCF yield (avg)%
15.33
15.04
15.68
12.77
15.61
13.50
11.49
12.41
9.78
12.14
12.15
12.14
13.14
53
29.23
FCF margin%
12.15
11.91
12.90
15.13
14.18
11.51
9.26
9.53
10.80
10.83
7.32
10.80
11.71
66
1.043
FCF / Net incomex
2.995
3.404
3.808
3.890
3.907
4.545
4.849
5.649
6.588
6.436
1.493
5.649
4.226
91
16.48
ROIC%
17.61
19.63
20.22
23.00
22.16
22.03
22.94
20.31
22.57
22.03
2.31
22.03
22.03
10
20.66
Return on equity%
19.49
17.31
16.90
15.68
18.43
15.48
16.03
14.03
14.59
15.28
20.51
15.28
15.85
50
3.49
Return on assets%
14.37
16.85
17.63
18.59
17.96
18.48
19.56
19.44
19.18
17.36
21.29
19.18
18.22
31
10.06
EPS€
8.05
8.99
8.77
10.17
9.99
9.52
10.07
9.69
10.14
10.86
10.81
1.68%
3.97%
—
6.75
EPS growth%
13.34
11.26
10.00
9.86
10.46
10.13
11.78
14.43
11.46
14.44
2.36
11.78
11.36
53
8.39
Bookvalue per sh€
3.08
3.00
2.73
3.00
3.27
3.56
3.93
3.90
4.23
4.55
6.44
6.83%
4.26%
—
10.17
FCF per share€
7.27
7.91
7.20
6.77
6.51
5.58
5.94
6.33
6.45
6.71
8.56
0.63%
0.03%
—
7.56
Dividend per sh€
5.30
5.72
5.52
6.04
5.87
5.42
5.10
4.52
4.04
3.84
11.02
(8.15%)
(3.30%)
—
14.66
Div yield (avg)%
20.93
22.95
21.11
22.56
22.52
20.14
19.84
22.42
23.94
21.03
18.74
21.03
21.77
76
17.24
Payout ratio%
32.80
33.34
34.15
37.02
34.61
32.92
35.73
34.05
36.73
34.11
25.36
34.11
34.13
39
138.6
Shares (diluted)M
207.4
244.1
277.5
277.7
331.9
331.0
364.5
427.0
416.4
494.7
140.6
8.31%
9.89%
95
29.51
Buyback yield%
26.92
25.83
25.63
28.44
28.07
27.35
29.85
31.69
33.38
35.07
22.25
31.69
28.26
80
0.403
D/E ratiox
1.723
1.873
2.036
2.301
2.256
2.221
2.316
2.593
3.049
3.201
0.994
2.593
2.278
37
1.405
Enterprise value€B
6.483
7.192
7.901
8.011
9.291
9.931
10.92
12.93
14.67
16.30
4.214
11.90%
9.88%
50
0.868
LT debt€B
2.955
2.720
2.702
2.416
2.379
2.175
1.997
1.845
1.600
1.513
2.957
(8.66%)
(6.14%)
23
Revenue
€6.132B
4.02%
1.00×
Cost of revenue
€3.844B
4.07%
1.01×
Operating expenses
€714.1M
4.45%
1.04×
Property and equipment
15.08%
Spread over hurdle
28.21%