31.70
Revenue¥M
34.10
36.38
38.97
42.70
45.30
49.49
54.76
58.84
65.09
68.92
33.02
8.76%
8.04%
26
29.51
Revenue growth%
27.43
29.75
31.92
31.26
29.93
27.72
27.25
24.81
23.20
24.59
10.31
24.81
27.58
17
18.28
Gross margin%
20.17
18.72
19.01
16.36
17.14
19.68
21.00
22.23
20.34
22.56
21.82
21.00
19.92
68
21.66
Operating margin%
26.28
26.57
29.32
30.86
33.14
34.45
32.29
31.89
33.57
32.54
26.20
32.54
32.09
87
9.50
Net margin%
12.11
10.11
10.36
12.12
11.46
9.87
8.66
9.47
8.87
5.96
12.46
8.87
9.99
21
31.96
P/E ratio (avg)x
12.97
13.69
12.17
10.64
10.72
11.32
10.03
9.431
8.041
6.923
21.92
9.431
10.68
71
12.68
EV/EBITx
31.62
33.88
33.93
35.55
34.27
37.58
43.47
46.52
49.18
51.85
11.87
46.52
36.56
47
28.97
FCF yield (avg)%
21.26
23.29
25.07
26.15
23.99
25.83
24.62
26.16
28.76
25.78
10.66
25.83
25.42
7
20.70
FCF margin%
7.37
5.51
6.44
8.49
9.06
6.11
7.95
10.62
13.56
11.39
12.87
10.62
8.22
69
1.468
FCF / Net incomex
0.263
0.227
0.237
0.207
0.204
0.202
0.196
0.204
0.199
0.195
1.569
0.199
0.204
11
5.49
ROIC%
27.38
29.53
27.07
26.05
28.36
28.32
27.51
29.16
28.25
28.04
19.77
28.25
28.14
65
9.55
Return on equity%
21.17
22.43
21.26
19.03
21.88
20.36
17.36
18.71
16.97
17.88
13.37
17.88
19.70
27
23.35
Return on assets%
18.61
21.33
19.17
21.47
18.68
21.18
20.55
22.35
24.73
24.45
14.51
22.35
21.26
90
0.14
EPS¥
0.14
0.13
0.12
0.11
0.10
0.10
0.10
0.10
0.09
0.10
0.16
(0.72%)
(2.36%)
—
14.26
EPS growth%
11.51
14.14
11.76
14.19
15.02
14.42
13.88
12.63
14.70
11.92
9.61
13.88
14.01
68
0.08
Bookvalue per sh¥
0.16
0.16
0.18
0.18
0.20
0.20
0.18
0.17
0.19
0.22
0.11
2.03%
4.89%
—
0.16
FCF per share¥
0.11
0.12
0.13
0.15
0.14
0.15
0.17
0.17
0.16
0.14
0.11
(0.05%)
2.38%
—
0.09
Dividend per sh¥
0.17
0.19
0.20
0.20
0.20
0.21
0.22
0.22
0.20
0.23
0.11
3.02%
2.50%
—
29.86
Div yield (avg)%
7.94
7.38
9.68
9.91
12.27
13.36
10.78
12.98
13.63
12.20
21.24
12.98
11.49
66
8.61
Payout ratio%
30.72
29.67
27.40
24.52
27.33
26.53
27.17
29.80
32.24
33.88
11.71
29.80
28.53
57
180.4
Shares (diluted)M
152.7
153.5
147.3
131.2
136.1
138.6
138.5
131.3
127.4
127.0
176.0
(1.38%)
(1.59%)
46
28.94
Buyback yield%
29.00
26.06
23.77
23.93
23.27
22.04
20.35
19.28
17.91
17.48
26.89
19.28
22.66
12
1.100
D/E ratiox
1.063
1.032
1.109
1.166
1.218
1.206
1.395
1.589
1.744
1.793
0.666
1.589
1.212
50
51.92
Enterprise value¥M
58.57
58.22
65.47
75.28
72.84
76.49
88.90
84.75
82.33
94.60
44.10
5.37%
5.64%
7
12.63
LT debt¥M
22.98
23.43
22.63
25.05
25.58
28.63
30.52
28.32
30.21
33.11
39.55
5.30%
3.22%
22
Revenue
¥68.92M
8.04%
1.00×
Cost of revenue
¥48.25M
8.04%
1.00×
Operating expenses
¥12.42M
7.05%
0.91×
Spread over hurdle
(2.70%)