2.440
Revenue¥B
1.244
1.296
1.348
1.427
1.506
1.577
1.646
1.744
1.815
1.924
2.632
5.02%
5.04%
87
27.57
Revenue growth%
11.77
11.99
12.63
14.10
17.06
14.73
17.68
15.33
15.41
13.06
26.32
15.33
14.41
86
24.53
Gross margin%
27.95
28.12
27.32
27.98
26.02
25.82
25.44
28.39
31.05
33.63
7.79
28.39
27.97
7
20.00
Operating margin%
9.08
8.75
7.24
6.78
6.40
4.26
6.69
5.91
4.68
4.98
7.21
4.98
6.54
84
22.47
Net margin%
30.49
30.00
28.34
25.56
23.02
24.39
26.50
27.68
29.77
27.47
10.16
27.47
27.58
50
23.49
P/E ratio (avg)x
34.18
38.27
38.03
42.76
41.90
42.16
39.10
41.00
44.82
48.87
32.16
42.16
41.45
68
12.71
EV/EBITx
57.54
56.60
65.12
77.80
84.41
99.95
105.5
114.8
136.3
134.5
22.28
114.8
92.18
72
16.14
FCF yield (avg)%
7.10
7.91
7.19
9.64
12.01
9.33
11.82
12.04
14.51
12.91
3.98
12.04
10.73
74
9.95
FCF margin%
12.76
13.18
13.77
11.75
13.67
16.61
15.71
14.08
14.45
11.72
16.13
14.45
13.72
57
1.696
FCF / Net incomex
0.140
0.153
0.151
0.165
0.181
0.196
0.212
0.231
0.267
0.248
1.163
0.231
0.189
92
10.36
ROIC%
7.62
4.88
6.80
6.32
4.04
2.98
4.47
6.08
5.34
6.31
19.19
5.34
5.71
53
16.99
Return on equity%
19.29
18.95
16.98
16.48
13.64
15.16
13.25
14.68
13.56
12.20
29.58
13.56
14.92
21
20.96
Return on assets%
25.14
22.15
19.67
18.49
19.74
19.85
22.46
22.96
25.93
25.46
22.73
22.96
22.30
35
1.15
EPS¥
6.25
7.15
7.04
7.65
8.31
8.77
10.22
10.67
10.62
11.45
1.26
6.63%
6.26%
—
28.31
EPS growth%
11.35
13.37
12.02
13.30
15.88
17.96
16.08
18.28
19.75
21.44
26.15
18.28
15.98
86
3.73
Bookvalue per sh¥
1.03
1.13
1.28
1.44
1.41
1.56
1.66
1.85
1.94
1.91
2.59
6.20%
5.25%
—
0.99
FCF per share¥
3.70
3.46
3.37
3.57
3.74
3.72
3.47
3.81
3.63
3.23
3.42
(2.87%)
(2.23%)
—
3.30
Dividend per sh¥
2.87
2.82
2.59
2.51
2.66
2.42
2.31
2.10
2.05
1.94
4.29
(6.12%)
(4.12%)
—
19.25
Div yield (avg)%
4.31
4.24
5.77
7.22
6.36
7.60
10.58
13.41
12.00
9.18
11.59
10.58
7.41
27
9.74
Payout ratio%
21.13
18.15
16.81
17.31
19.40
18.13
16.89
15.21
17.18
16.81
26.59
16.89
17.24
82
347.2
Shares (diluted)M
401.2
417.8
443.6
451.7
484.4
492.4
464.6
501.6
540.4
604.1
354.7
4.52%
4.59%
36
27.26
Buyback yield%
9.01
10.87
8.40
10.27
9.41
7.97
9.44
11.64
10.35
8.14
12.83
9.44
9.42
41
0.502
D/E ratiox
1.682
1.974
2.365
2.655
3.039
3.237
3.150
3.280
3.925
3.846
1.733
3.280
3.094
52
120.8
Enterprise value¥M
528.3
541.2
585.6
633.4
605.5
530.3
529.9
498.9
452.1
463.5
937.3
(5.20%)
(1.04%)
48
1.398
LT debt¥B
1.884
1.784
2.068
2.102
1.996
1.947
2.115
2.064
2.290
2.498
1.823
4.59%
2.43%
25
Revenue
¥1.924B
5.04%
1.00×
Cost of revenue
¥1.281B
5.08%
1.00×
Operating expenses
¥374.0M
4.34%
0.94×
Cash and investments
15.75%
Goodwill & intangibles
15.74%
Spread over hurdle
(5.17%)