278.7
Revenue¥M
235.7
254.1
275.2
301.1
330.2
352.1
375.1
409.3
447.2
493.8
289.9
8.38%
8.71%
6
6.31
Revenue growth%
21.61
19.94
18.42
18.53
18.52
16.93
19.71
17.20
19.90
21.26
29.80
19.71
19.12
32
14.17
Gross margin%
20.85
18.61
17.07
16.90
14.03
14.14
16.61
16.96
18.26
19.83
9.89
16.96
17.02
14
15.97
Operating margin%
27.03
24.75
23.47
21.24
22.34
20.82
21.96
23.27
24.29
22.30
21.07
22.30
22.80
18
22.56
Net margin%
17.92
16.33
15.16
12.77
12.40
14.40
13.94
13.63
12.30
10.08
24.61
13.63
13.79
59
25.42
P/E ratio (avg)x
36.57
34.60
39.29
41.08
42.09
46.06
49.67
49.66
48.27
47.39
35.60
48.27
44.08
9
18.41
EV/EBITx
23.14
23.35
21.62
23.28
21.18
19.50
20.24
19.20
18.61
18.82
33.46
19.20
20.71
63
28.11
FCF yield (avg)%
12.19
9.98
7.55
6.82
8.61
7.91
8.96
7.77
7.46
8.63
26.73
7.91
8.26
67
25.50
FCF margin%
20.13
17.98
20.50
21.38
23.79
24.22
24.16
26.08
25.88
28.43
4.31
25.88
23.98
13
1.046
FCF / Net incomex
0.240
0.262
0.263
0.282
0.293
0.299
0.317
0.331
0.342
0.338
1.280
0.331
0.296
30
17.99
ROIC%
33.36
36.01
38.71
36.95
39.77
37.79
40.03
42.48
41.60
42.08
15.34
41.60
39.24
55
8.26
Return on equity%
3.34
1.06
0.81
0.79
0.40
0.40
0.44
0.40
0.40
0.40
23.59
0.40
0.42
92
4.98
Return on assets%
19.89
18.94
18.42
21.34
22.24
24.45
25.30
27.67
25.18
24.73
8.97
25.18
23.35
33
0.08
EPS¥
0.19
0.19
0.20
0.21
0.24
0.26
0.27
0.29
0.28
0.27
0.09
2.27%
3.04%
—
20.80
EPS growth%
19.87
21.40
23.68
21.38
18.53
16.79
19.31
20.54
20.67
23.22
10.93
20.54
20.61
35
0.24
Bookvalue per sh¥
0.07
0.08
0.08
0.09
0.09
0.10
0.09
0.08
0.08
0.08
0.13
(3.11%)
0.53%
—
0.12
FCF per share¥
0.24
0.25
0.26
0.26
0.29
0.29
0.32
0.30
0.34
0.38
0.22
5.87%
4.80%
—
0.12
Dividend per sh¥
0.07
0.06
0.06
0.05
0.05
0.05
0.04
0.04
0.04
0.04
0.10
(5.43%)
(6.41%)
—
19.14
Div yield (avg)%
9.48
6.88
9.64
6.99
9.00
10.80
10.84
13.07
14.68
12.62
19.37
12.62
10.22
7
7.42
Payout ratio%
13.08
15.30
14.98
17.48
15.80
17.97
16.35
16.55
15.45
16.68
5.36
16.55
16.08
72
970.4
Shares (diluted)M
624.3
550.4
514.6
458.2
414.6
400.9
406.3
358.1
390.3
396.1
939.2
(0.91%)
(5.07%)
71
12.27
Buyback yield%
3.56
1.98
2.30
5.05
2.76
0.92
0.40
0.40
2.32
2.12
7.12
0.92
2.21
72
0.872
D/E ratiox
1.056
1.181
1.213
1.443
1.731
1.701
1.950
1.964
2.102
2.272
1.656
1.964
1.716
44
111.6
Enterprise value¥M
124.3
122.8
124.8
122.5
129.9
118.8
112.0
103.0
110.3
119.1
476.7
(1.72%)
(1.06%)
45
431.4
LT debt¥M
199.1
201.0
199.9
212.9
220.3
213.3
232.7
244.5
261.0
286.9
222.7
5.42%
4.45%
18
Revenue
¥493.8M
8.71%
1.00×
Cost of revenue
¥229.8M
8.35%
0.97×
Operating expenses
¥103.1M
9.63%
1.09×
Property and equipment
15.22%
Spread over hurdle
35.58%