496.1
RevenueRp B
1,391
1,446
1,520
1,566
1,664
1,761
1,873
1,970
2,003
2,031
511.3
4.08%
4.37%
32
28.50
Revenue growth%
9.28
6.53
9.15
9.86
12.10
9.88
7.17
4.91
5.61
6.20
10.10
6.20
8.16
52
26.03
Gross margin%
28.38
30.99
31.34
34.22
35.90
38.51
38.18
39.92
39.42
39.01
26.37
39.01
37.04
87
19.87
Operating margin%
26.57
26.21
28.22
31.05
31.42
33.82
32.71
35.17
33.98
34.00
29.77
33.98
32.06
43
22.52
Net margin%
23.39
20.88
22.56
22.99
21.47
24.29
24.29
25.96
27.99
29.67
4.96
25.96
23.84
64
20.74
P/E ratio (avg)x
11.48
11.58
11.31
11.04
10.76
11.01
9.969
10.02
10.93
10.96
23.06
10.93
10.98
54
24.84
EV/EBITx
26.49
24.97
25.23
27.39
26.75
25.10
25.97
24.25
25.19
24.33
27.42
25.10
25.21
21
18.04
FCF yield (avg)%
13.93
13.69
15.65
14.75
17.17
16.55
18.84
20.38
21.56
22.40
26.13
20.38
16.86
29
11.55
FCF margin%
9.19
6.95
4.67
6.20
6.97
5.49
7.05
8.08
10.37
8.40
2.28
8.08
7.01
44
1.225
FCF / Net incomex
1.160
1.173
1.163
1.224
1.190
1.301
1.282
1.285
1.246
1.388
0.319
1.285
1.235
23
10.10
ROIC%
23.00
22.88
22.02
20.44
21.89
22.36
22.47
20.82
19.85
21.39
3.14
21.39
21.95
10
16.72
Return on equity%
0.40
3.03
2.02
1.63
2.33
3.25
4.58
4.43
2.64
0.41
9.73
3.25
2.48
85
4.27
Return on assets%
6.63
8.42
9.17
11.25
9.74
11.02
10.71
11.29
10.76
11.41
5.38
11.02
10.74
53
48.00
EPSRp
35.35
40.01
40.96
42.03
43.45
51.09
58.58
59.24
66.20
69.18
51.25
9.75%
6.73%
—
7.88
EPS growth%
10.56
8.74
10.87
10.33
9.40
11.78
13.65
12.69
10.50
7.99
2.33
11.78
10.53
21
58.57
Bookvalue per shRp
54.14
51.30
57.53
64.08
63.41
69.45
66.32
69.82
73.24
76.61
96.54
3.85%
4.70%
—
34.72
FCF per shareRp
92.64
92.12
101.74
107.13
107.98
106.83
107.30
115.01
124.67
135.57
83.15
4.65%
5.36%
—
100.70
Dividend per shRp
59.13
68.86
73.85
75.82
73.91
77.67
77.04
88.13
102.17
100.93
35.49
6.43%
6.54%
—
6.31
Div yield (avg)%
28.23
31.18
29.71
29.09
28.35
29.50
26.84
27.94
26.53
26.20
10.77
26.84
28.29
60
24.11
Payout ratio%
19.47
21.89
21.23
19.85
16.96
18.42
19.21
16.89
16.44
15.49
15.11
16.89
18.81
56
15.48
Shares (diluted)B
23.02
21.55
22.09
24.12
26.01
24.74
25.04
28.00
26.86
25.78
15.70
(0.17%)
1.03%
19
27.51
Buyback yield%
10.22
10.67
8.70
11.13
10.92
8.21
6.19
5.99
3.53
2.92
16.50
5.99
8.46
32
1.538
D/E ratiox
0.886
0.883
0.817
0.883
0.810
0.719
0.642
0.694
0.661
0.582
1.088
0.661
0.764
79
201.0
Enterprise valueRp B
2,650
2,870
2,900
3,150
3,347
3,966
4,535
5,113
6,135
7,236
1,630
16.68%
12.30%
45
1,195
LT debtRp B
239.2
264.6
302.4
335.9
358.5
404.4
405.8
489.7
482.1
563.5
316.4
9.47%
10.50%
33
Cost of revenue
4.26%
0.99×
Operating expenses
4.55%
1.02×
Cash and investments
17.33%
Spread over hurdle
20.49%