26,862
RevenueRp B
19,051
20,742
22,301
23,581
25,939
28,465
30,476
32,365
34,563
36,829
28,126
7.26%
7.68%
81
23.52
Revenue growth%
8.74
8.81
9.02
7.38
8.02
11.01
11.38
10.13
10.02
9.66
16.11
10.13
9.34
76
20.23
Gross margin%
7.80
7.78
5.15
3.01
5.70
5.76
6.79
6.59
5.58
6.44
16.63
6.44
6.10
39
12.97
Operating margin%
2.67
4.46
2.50
0.40
0.40
2.71
0.40
0.40
1.08
1.94
20.96
1.08
1.51
45
7.60
Net margin%
18.78
18.32
19.00
16.99
14.15
11.85
12.97
14.58
13.80
15.40
28.77
13.80
14.99
21
34.10
P/E ratio (avg)x
21.47
21.47
20.26
21.84
21.06
19.03
20.31
20.70
18.64
19.65
32.15
19.65
20.50
82
22.12
EV/EBITx
43.87
50.22
56.36
62.40
63.01
67.50
70.11
72.26
69.68
80.15
19.18
70.11
65.26
79
13.16
FCF yield (avg)%
23.58
21.89
21.38
20.48
20.75
22.78
22.64
24.65
24.09
24.18
13.67
24.09
22.71
29
4.52
FCF margin%
29.18
30.66
31.80
30.71
32.59
29.85
30.43
30.21
28.24
30.91
12.25
30.21
30.55
79
1.057
FCF / Net incomex
0.823
0.900
1.005
1.096
1.273
1.476
1.568
1.666
1.726
1.831
1.435
1.666
1.375
45
26.55
ROIC%
21.44
23.74
23.82
22.95
24.87
23.79
25.47
27.75
24.87
26.36
29.20
25.47
24.34
84
7.73
Return on equity%
0.40
0.40
0.40
0.40
2.17
4.79
5.90
5.61
4.09
2.24
25.59
4.79
2.20
17
20.39
Return on assets%
7.68
7.45
9.64
11.44
9.75
10.94
10.16
8.10
8.24
10.39
12.84
10.16
9.70
58
164.47
EPSRp
186.48
180.11
202.91
233.40
252.44
266.88
293.07
346.82
396.48
457.03
184.07
12.60%
10.64%
—
10.25
EPS growth%
8.29
10.28
11.69
11.99
11.27
10.09
10.31
11.07
11.42
12.96
5.58
11.07
11.17
64
107.82
Bookvalue per shRp
530.01
547.33
610.31
659.71
678.79
682.50
761.35
733.24
836.36
806.26
143.72
3.50%
5.45%
—
272.42
FCF per shareRp
597.92
587.18
634.64
646.60
647.32
611.64
673.31
722.55
715.44
750.33
129.69
3.00%
3.76%
—
236.91
Dividend per shRp
239.40
261.69
253.58
302.32
359.75
428.95
454.32
496.90
503.52
557.45
402.98
9.15%
9.67%
—
13.75
Div yield (avg)%
35.33
36.66
34.20
31.86
33.96
31.12
30.83
29.26
30.24
28.56
24.97
30.24
31.49
36
28.07
Payout ratio%
22.04
23.73
21.33
22.66
23.73
23.26
22.38
25.33
26.70
29.57
10.00
25.33
23.49
81
38.72
Shares (diluted)B
39.31
39.80
37.53
36.65
37.37
36.26
35.37
32.56
30.58
33.01
40.55
(2.45%)
(2.08%)
72
21.73
Buyback yield%
3.96
3.43
2.39
4.23
3.62
4.10
4.39
1.74
0.40
1.56
26.49
1.74
3.52
85
0.581
D/E ratiox
1.845
1.800
1.547
1.364
1.474
1.452
1.341
1.445
1.439
1.406
1.328
1.439
1.448
56
18,765
Enterprise valueRp B
9,309
8,783
8,517
8,745
7,984
7,236
7,343
6,976
6,280
6,597
4,452
(3.75%)
(3.71%)
18
28,460
LT debtRp B
14,032
13,313
14,458
16,217
16,852
18,785
18,953
21,021
23,057
23,923
6,740
7.26%
5.11%
20
Cost of revenue
7.74%
1.01×
Operating expenses
7.03%
0.94×
Property and equipment
21.03%
Spread over hurdle
(2.16%)