Tillkännagivande • May 17
Xylem Declares Dividend for the Second Quarter of 2026, Payable on June 25, 2026 Xylem declared a second quarter dividend of $0.43 per share payable on June 25, 2026, to shareholders on record as of May 28, 2026. Tillkännagivande • Apr 29
Xylem Inc. Revises Earnings Guidance for the Full Year 2026 Xylem Inc. revised earnings guidance for the full year 2026. For the year, the company expects now forecasts revenue of approximately $9.2 billion to $9.3 billion, up approximately 2% to 3% on a reported basis, versus 1% to 3% previously guided. Tillkännagivande • Apr 01
Xylem Inc. to Report Q1, 2026 Results on Apr 28, 2026 Xylem Inc. announced that they will report Q1, 2026 results at 6:55 AM, US Eastern Standard Time on Apr 28, 2026 Tillkännagivande • Mar 31
Xylem Inc., Annual General Meeting, May 14, 2026 Xylem Inc., Annual General Meeting, May 14, 2026. Tillkännagivande • Feb 26
Xylem Inc. (NYSE:XYL) announces an Equity Buyback for $1,500 million worth of its shares. Xylem Inc. (NYSE:XYL) announces a share repurchase program. Under the program, the company will repurchase up to $1,500 million worth of its shares. The program has no expiration date. Tillkännagivande • Jan 08
Xylem Inc. to Report Q4, 2025 Results on Feb 10, 2026 Xylem Inc. announced that they will report Q4, 2025 results at 6:55 AM, US Eastern Standard Time on Feb 10, 2026 Tillkännagivande • Nov 15
Xylem Inc. Declares Fourth Quarter Dividend, Payable on December 23, 2025 The Board of Directors of Xylem Inc. has declared a fourth quarter dividend of $0.40 per share payable on December 23, 2025, to shareholders of record as of November 25, 2025. Tillkännagivande • Oct 28
Xylem Inc. Raises Its Earnings Guidance for the Full Year of 2025 Xylem Inc. raised its earnings guidance for the full year of 2025. For the period, the company expects revenue of approximately $9.0 billion, up approximately 5% to 6% on a reported basis, versus 4% to 5% previously guided, and up approximately 4% to 5% on an organic basis. Tillkännagivande • Oct 02
Xylem Inc. to Report Q3, 2025 Results on Oct 28, 2025 Xylem Inc. announced that they will report Q3, 2025 results at 6:55 AM, US Eastern Standard Time on Oct 28, 2025 Tillkännagivande • Aug 15
Xylem Inc. Declares Third Quarter Dividend, Payable on September 25, 2025 The Board of Directors of Xylem Inc. has declared a third quarter dividend of $0.40 per share payable on September 25, 2025, to shareholders of record as of August 28, 2025. Tillkännagivande • Jul 02
Xylem Inc. to Report Q2, 2025 Results on Jul 31, 2025 Xylem Inc. announced that they will report Q2, 2025 results at 6:55 AM, US Eastern Standard Time on Jul 31, 2025 Tillkännagivande • Jun 30
Xylem Inc.(NYSE:XYL) dropped from Russell 1000 Dynamic Index Xylem Inc.(NYSE:XYL) dropped from Russell 1000 Dynamic Index Tillkännagivande • May 15
Xylem Inc. Declares Second Quarter Dividend, Payable on June 26, 2025 The Board of Directors of Xylem Inc. has declared a second quarter dividend of $0.40 per share payable on June 26, 2025, to shareholders of record as of May 29, 2025. Tillkännagivande • Apr 29
Xylem Inc. Raises Earnings Guidance for the Full-Year 2025 Xylem Inc. raised earnings Guidance for the Full-Year 2025. For the period, the company raises revenue of approximately $8.7 to $8.8 billion, up approximately 1 to 2% on a reported basis, versus 0 to 2% previously guided, and up approximately 3 to 4% on an organic basis, in line with the previous guidance. Tillkännagivande • Apr 05
Xylem Inc., Annual General Meeting, May 13, 2025 Xylem Inc., Annual General Meeting, May 13, 2025. Tillkännagivande • Mar 26
Xylem Inc. to Report Q1, 2025 Results on Apr 29, 2025 Xylem Inc. announced that they will report Q1, 2025 results at 6:55 AM, US Eastern Standard Time on Apr 29, 2025 Tillkännagivande • Feb 11
Permascand AB acquired MAGNETO special anodes B.V. from Xylem Inc. (NYSE:XYL). Permascand AB acquired MAGNETO special anodes B.V. from Xylem Inc. (NYSE:XYL) on February 10, 2025. David Ekberg has been appointed as CEO of the new company, joining immediately. In the short term both entities will continue to operate under their existing names.
Permascand AB completed the acquisition of MAGNETO special anodes B.V. from Xylem Inc. (NYSE:XYL) on February 10, 2025. Tillkännagivande • Jan 31
Xylem Inc. Plans Workforce Reductions Across All of Businesses and Functions On January 28, 2025, at the delegation of Xylem Inc.’s Board of Directors, management committed to a restructuring plan. The plan consists of workforce reductions across all of businesses and functions. Consistent with 2024 Investor Day highlights around simplification to achieve strategy, this plan is designed to streamline organization, which will strengthen competitive positioning and ability to better serve customers. The majority of the workforce reductions are expected to be completed during fiscal year 2025 with some completing in 2026, subject to local laws. Tillkännagivande • Jan 08
Xylem Inc. to Report Q4, 2024 Results on Feb 04, 2025 Xylem Inc. announced that they will report Q4, 2024 results at 6:55 AM, US Eastern Standard Time on Feb 04, 2025 Tillkännagivande • Dec 11
Xylem Inc. (NYSE:XYL) acquired an unknown majority stake in Global Omnium Idrica Sociedad Limitada. Xylem Inc. (NYSE:XYL) acquired an unknown majority stake in Global Omnium Idrica Sociedad Limitada on December 10, 2024.
Xylem Inc. (NYSE:XYL) completed the acquisition of an unknown majority stake in Global Omnium Idrica Sociedad Limitada on December 10, 2024. Tillkännagivande • Nov 16
Xylem Inc. Declares Fourth Quarter Dividend, Payable on December 24, 2024 The Board of Directors of Xylem Inc., has declared a fourth quarter dividend of $0.36 per share payable on December 24, 2024, to shareholders of record as of November 26, 2024. Tillkännagivande • Nov 01
Xylem Inc. Updates Earnings Guidance for the Year 2024 Xylem Inc. updated earnings guidance for the year 2024. Updated full-year revenue guidance of $8.5 billion, up approximately 15% year on year, with organic revenue growth of 5%. Tillkännagivande • Oct 15
Xylem Inc. Announces Executive Changes Xylem Inc. has named Meredith Emmerich Senior Vice President and President, Applied Water, effective October 21. Emmerich will join Xylem’s senior leadership team, reporting to President and Chief Executive Officer Matthew Pine. Applied Water is one of Xylem’s four reportable business segments, providing advanced water management solutions for customers in the industrial and commercial buildings markets. Emmerich succeeds Franz Cerwinka, who will serve as senior advisor until March 2025, to ensure a smooth and orderly transition. Before joining Xylem, Emmerich was Vice President of Carrier Global Corporation’s Global Enterprise Solutions. Since 2013, she has held several senior roles at Carrier, including leadership of the Americas Commercial HVAC and Global Residential, Light Commercial and VRF HVAC business. Prior to joining Carrier, Emmerich held engineering, sales, and product management roles in Mitsubishi Electric Cooling & Heating, and in Mitsubishi Telecommunications. She holds a Bachelor of Science in Electrical Engineering and a Master of Science in Electrical and Computer Engineering from the Georgia Institute of Technology. She is also an alumna of executive leadership programs at Harvard Business School and INSEAD. Tillkännagivande • Oct 04
Xylem Inc. to Report Q3, 2024 Results on Oct 31, 2024 Xylem Inc. announced that they will report Q3, 2024 results at 6:55 AM, US Eastern Standard Time on Oct 31, 2024 Tillkännagivande • Aug 16
Xylem Inc. Declares Third Quarter Dividend, Payable on September 26, 2024 The Board of Directors of Xylem Inc. has declared a third quarter dividend of $0.36 per share payable on September 26, 2024, to shareholders of record as of Aug. 29, 2024. Tillkännagivande • Aug 01
Xylem Inc. Revises Earnings Guidance for the Year 2024 Xylem Inc. revised earnings guidance for the year 2024. The company now expects full-year 2024 revenue of $8.55 billion, up approximately 16% on a reported basis and up approximately 5 to 6% on an organic basis. This represents an increase from the Company’s previous full-year guidance of 15 to 16% on a reported basis and 4 to 6% on an organic basis. Declared Dividend • May 27
First quarter dividend of US$0.36 announced Shareholders will receive a dividend of US$0.36. Ex-date: 30th May 2024 Payment date: 27th June 2024 Dividend yield will be 0.7%, which is lower than the industry average of 3.1%. Payout Ratios Payout ratio: 47%. Cash payout ratio: 54%. Tillkännagivande • May 18
Xylem Inc. Declares Second Quarter Dividend, Payable on June 27, 2024 The Board of Directors of Xylem Inc., has declared a second quarter dividend of $0.36 per share payable on June 27, 2024, to shareholders of record as of May 30, 2024. Board Change • May 17
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CEO, President & Director Matthew Pine was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • May 06
Xylem Inc. Announces the Launch of Reuse Brew Xylem Inc. announced the launch of Reuse Brew. This unique Bavarian beer, crafted from high-quality treated wastewater, marks a significant advancement in water recycling technologies and offers a sustainable solution to the increasing challenges posed by climate change. The development of Reuse Brew is the culmination of a partnership between the Chair of Brewery and Beverage Technology at Technical University of Munich (TUM), the Chair of Urban Water Systems Engineering at TUM, the city of Weissenburg in Bavaria, and Xylem. This collaboration showcases the transformative potential of advanced water treatment technologies in producing a palatable beer, promoting sustainable water management practices across Europe. At the heart of Reuse Brew’s production lies oxidative processes ozonation and advanced oxidation with UV irradiation and hydrogen peroxide, paired with sophisticated filtration and purification processes, including nanofiltration. These technologies effectively remove chemical and microbial contaminants through oxidation and adsorption, ensuring the beer’s quality. The Weissenburg wastewater treatment plant, the first treatment plant with advanced treatment to eliminate organic micropollutants in Bavaria with the help of Xylem’s ozonation technology, has played a crucial role by supplying treated effluent for their Reuse Brew project. Tillkännagivande • May 03
Xylem Inc. Raises Earnings Guidance for the Full-Year 2024 Xylem Inc. raised earnings Guidance for the Full-Year 2024. For the period, the company expects revenue of approximately $8.5 billion, up approximately 15 to 16% on a reported basis and up approximately 4 to 6% on an organic basis. This represents an increase from the Company’s previous full-year guidance of 14 to 15% on a reported basis and 3 to 5% on an organic basis. Tillkännagivande • Apr 03
Xylem Inc., Annual General Meeting, May 16, 2024 Xylem Inc., Annual General Meeting, May 16, 2024, at 08:00 US Eastern Standard Time. Agenda: To consider Election of the ten directors named in the Proxy Statement; to consider Ratification of the appointment of Deloitte & Touche LLP for 2024; to consider Advisory vote to approve named executive officer compensation; to consider Advisory vote on the frequency of future advisory votes to approve named executive officer compensation; and to consider other business matters. Tillkännagivande • Mar 29
Xylem Inc. to Report Q1, 2024 Results on May 02, 2024 Xylem Inc. announced that they will report Q1, 2024 results at 6:55 AM, US Eastern Standard Time on May 02, 2024 Tillkännagivande • Jan 17
Xylem Inc. to Report Q4, 2023 Results on Feb 06, 2024 Xylem Inc. announced that they will report Q4, 2023 results at 6:55 AM, US Eastern Standard Time on Feb 06, 2024 Tillkännagivande • Dec 13
Xylem Inc. Announces Reportable Segment Change to Scale Global Services Offering Xylem Inc. announced a planned realignment of its reportable segments to reflect the operating drivers of financial performance with greater transparency. The change is driven by the integration of the Evoqua acquisition completed earlier this year. Effective January 1, 2024, the new segment, Water Solutions and Services (WSS), will unify Evoqua’s legacy Integrated Solutions and Services (ISS) segment with Xylem’s legacy dewatering and assessment services businesses. In May 2023, Xylem acquired Evoqua to create the world’s most advanced platform of capabilities to address customers’ and communities’ mission-critical water needs. In the process of integrating the two companies, opportunities emerged to accelerate synergy capture by bringing multiple services offerings together in a single segment. With this realignment, WSS will comprise ISS, Xylem’s dewatering business, previously part of the Water Infrastructure segment, and the assessment services business, previously part of the Measurement and Control Solutions segment. WSS will deliver a greater breadth of services at scale and enable the Company’s service force to address a variety of customer challenges with a unified customer experience. Tillkännagivande • Dec 12
Xylem Inc. Unveils New Residential Electric Meter with Advanced Grid Edge Capabilities The new Stratus IQ+ electricity meter from Sensus, a Xylem brand, is taking the grid to next-level smart. Its powerful processor and expanded data set options allow utilities to pull more system diagnostics than ever before, giving them a robust health check of their distribution system and heightened awareness of customer electricity usage. The Stratus IQ+ combines grid intelligence and precise energy measurement into one powerful package. The meter monitors energy consumption in near-real time, and advanced functionalities allow for data to be recorded, transmitted and received with only a keystroke. This smart meter provides commercial and industrial (C&I) strength capabilities in a residential meter, resulting in improved communication and faster delivery of more data. The growing needs of the electric vehicle (EV) market are also being met in the Stratus IQ+ through its battery EV-based detection. Artificial intelligence (AI) algorithms can extract battery EV charging data in a matter of seconds through edge computing. The Stratus IQ+ has the speed and processing power to capture this consumption so utilities can better plan for capacity and off-peak incentive program management. Additional key features of the Stratus IQ+ include: Customizable applications to enhance grid edge capabilities; Expansion card slot for future computing capacity with the Sensus FlexNet®? communication network or alternate communications such as cellular, Wi-Fi or both; A rugged design that improves protection against weather, rough handling, theft or tampering; "Software-defined metrology" features that help utilities improve efficiency, cost savings and safety. Tillkännagivande • Nov 10
Xylem Inc. Declares Fourth Quarter Dividend, Payable on December 19, 2023 The Board of Directors of Xylem Inc. has declared a fourth quarter dividend of $0.33 per share payable on December 19, 2023, to shareholders of record as of November 21, 2023. Tillkännagivande • Nov 01
Xylem Inc. Revises Earnings Guidance for the Year 2023 Xylem Inc. revised earnings guidance for the year 2023. Xylem now expects full-year 2023 revenue of approximately $7.3 billion, up approximately 32% on a reported basis and up approximately 11% on an organic basis. This represents an increase from the Company’s previous full-year guidance of 30% on a reported basis and 9 to 10% on an organic basis. Tillkännagivande • Sep 26
Xylem Inc. to Report Q3, 2023 Results on Oct 31, 2023 Xylem Inc. announced that they will report Q3, 2023 results at 6:55 AM, Eastern Standard Time on Oct 31, 2023 Tillkännagivande • Sep 07
Xylem Inc. Announces CEO Changes Xylem Inc. President and Chief Executive Officer Patrick Decker has announced his plans to retire as CEO at the end of 2023. In accordance with the Company's long-term succession planning process, Decker will be succeeded by Matthew Pine, Xylem’s Chief Operating Officer, effective January 1, 2024. At that time, Decker will retire from Xylem’s Board and Pine will join as a Director. Decker and Pine will work closely together to ensure a smooth transition. Tillkännagivande • Aug 18
Xylem Inc. Has Declares Third Quarter Dividend, Payable on September 28, 2023 The Board of Directors of Xylem Inc., has declared a third quarter dividend of $0.33 per share payable on September 28, 2023, to shareholders of record as of August 31, 2023. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: US$0.45 (vs US$0.62 in 2Q 2022) Second quarter 2023 results: EPS: US$0.45 (down from US$0.62 in 2Q 2022). Revenue: US$1.72b (up 26% from 2Q 2022). Net income: US$92.0m (down 18% from 2Q 2022). Profit margin: 5.3% (down from 8.2% in 2Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Machinery industry in South America. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Aug 03
Xylem Inc. Updates Financial Guidance for the Year 2023 Xylem Inc. updated financial guidance for the year 2023. The company is updating its full-year 2023 guidance to reflect strong organic performance, the combination with Evoqua and the adjustment of purchase accounting intangible amortization. The company now expects full-year 2023 revenue of approximately $7.2 billion, up approximately 30% on a reported basis and up 9% to 10% on an organic basis. This represents an increase from the Company’s previous full-year guidance of 8% to 9% on an organic and reported basis. New Risk • Jul 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 33% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (33% increase in shares outstanding). Board Change • Jul 07
High number of new directors Independent Director Lisa Glatch was the last director to join the board, commencing their role in 2023. Tillkännagivande • Jun 20
Xylem Inc. to Report Q2, 2023 Results on Aug 02, 2023 Xylem Inc. announced that they will report Q2, 2023 results at 6:55 AM, US Eastern Standard Time on Aug 02, 2023 Tillkännagivande • May 19
Xylem Inc. Has Declares Second Quarter Dividend, Payable on June 28, 2023 The Board of Directors of Xylem Inc. has declared a second quarter dividend of $0.33 per share payable on June 28, 2023, to shareholders of record as of May 30, 2023. Tillkännagivande • May 05
Xylem Inc. Provides Earnings Guidance for 2023 Xylem Inc. provided earnings guidance for 2023. For the period, the company now expects revenue growth of 8% to 9% on an organic and reported basis. This represents an increase from the Company’s previous full-year organic revenue guidance of 4% to 6%, and 3% to 5% on a reported basis. Upcoming Dividend • Feb 14
Upcoming dividend of US$0.33 per share at 1.2% yield Eligible shareholders must have bought the stock before 21 February 2023. Payment date: 22 March 2023. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Mexican dividend payers (5.7%). Lower than average of industry peers (3.6%). Reported Earnings • Feb 07
Full year 2022 earnings released: EPS: US$1.97 (vs US$2.37 in FY 2021) Full year 2022 results: EPS: US$1.97 (down from US$2.37 in FY 2021). Revenue: US$5.52b (up 6.3% from FY 2021). Net income: US$355.0m (down 17% from FY 2021). Profit margin: 6.4% (down from 8.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Global Machinery industry. Tillkännagivande • Jan 25
Xylem Inc. (NYSE:XYL) entered into an agreement to acquire Evoqua Water Technologies Corp. (NYSE:AQUA) for $6.5 billion. Xylem Inc. (NYSE:XYL) entered into an agreement to acquire Evoqua Water Technologies Corp. (NYSE:AQUA) for $6.5 billion on January 22, 2023. In the merger, upon the terms and conditions of the merger agreement, (i) each share of Evoqua common stock issued and outstanding immediately prior to the effective time of the Merger will automatically be converted into the right to receive 0.48 of a share of the common stock of Xylem and (ii) cash in lieu of fractional shares. Upon the closing of the Merger, legacy Evoqua stockholders will own approximately 25% and legacy Xylem shareholders will own approximately 75% of the combined company. Following the closing of the Merger, shares of Xylem common stock will continue to be listed on the New York Stock Exchange. The Merger Agreement provides that Evoqua may be required to pay Xylem a termination fee equal to $225 million and Xylem may be required to pay Evoqua a termination fee equal to $325 million if the Merger Agreement is terminated under certain circumstances.
Completion of the merger is subject to the satisfaction or waiver of customary closing conditions, including the adoption of the Merger Agreement by the requisite vote of Evoqua’s stockholders, approval of the issuance of the shares of Xylem’s common stock to be issued in the Merger by the requisite vote of Xylem’s shareholders, approval for listing on the NYSE of the shares of Xylem’s common stock to be issued in the merger, the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the approval of the Merger under, or the expiration or termination of any applicable waiting period in respect of, the antitrust and/or foreign investment laws of other specified jurisdictions. The respective boards of directors of Xylem and Evoqua have unanimously approved the Merger Agreement, and the board of directors of Xylem has agreed to recommend that Xylem’s shareholders approve the issuance of the shares of Xylem common stock in connection with the Merger. In addition, the board of directors of Evoqua has agreed to recommend that Evoqua’s stockholders adopt the merger agreement. The transaction is anticipated to close in mid-2023.
Lazard and Guggenheim Securities served as financial advisors and Saee Muzumdar of Gibson, Dunn & Crutcher LLP served as legal advisor to Xylem. Goldman Sachs & Co. LLC and BofA Securities served as financial advisors and David Grubman, Dotun Obadina and Zachary Brecheisen of Jones Day served as legal advisors to Evoqua. Goldman Sachs & Co. LLC and BofA Securities, Inc. acted as fairness opinion providers to Evoqua. Tillkännagivande • Jan 06
Xylem Inc. to Report Q4, 2022 Results on Feb 07, 2023 Xylem Inc. announced that they will report Q4, 2022 results at 6:55 AM, US Eastern Standard Time on Feb 07, 2023 Recent Insider Transactions • Aug 13
Independent Director recently sold Mex$10m worth of stock On the 10th of August, Victoria Harker sold around 5k shares on-market at roughly Mex$2,002 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$25m more than they bought in the last 12 months. Reported Earnings • Aug 03
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: US$1.36b (up 1.0% from 2Q 2021). Net income: US$112.0m (flat on 2Q 2021). Profit margin: 8.2% (down from 8.4% in 2Q 2021). Over the next year, revenue is forecast to grow 5.3%, compared to a 36% growth forecast for the industry in Mexico. Buying Opportunity • Jun 17
Now 23% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be Mex$1,960, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 10%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. Recent Insider Transactions • Jun 16
Insider recently sold Mex$1.4m worth of stock On the 14th of June, Franz Cerwinka sold around 925 shares on-market at roughly Mex$1,566 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$15m more than they bought in the last 12 months. Reported Earnings • May 09
First quarter 2022 earnings released: EPS: US$0.46 (vs US$0.48 in 1Q 2021) First quarter 2022 results: EPS: US$0.46 (down from US$0.48 in 1Q 2021). Revenue: US$1.27b (up 1.3% from 1Q 2021). Net income: US$82.0m (down 5.7% from 1Q 2021). Profit margin: 6.4% (down from 6.9% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 4.2%, compared to a 35% growth forecast for the industry in Mexico. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.