606.2
RevenueRp B
1,703
1,860
2,046
2,256
2,435
2,585
2,764
3,005
3,237
3,433
649.6
7.11%
8.10%
37
15.02
Revenue growth%
19.39
18.76
20.28
21.92
24.58
24.28
26.09
29.02
29.92
30.88
16.23
29.02
24.43
31
20.82
Gross margin%
11.43
11.44
9.69
7.73
5.75
6.37
4.80
5.44
6.38
8.11
17.96
6.37
7.05
39
22.01
Operating margin%
19.82
20.15
17.64
14.81
12.15
12.93
11.78
11.24
9.59
9.84
18.26
11.24
12.54
80
15.17
Net margin%
0.73
0.40
2.48
4.03
4.06
1.08
1.12
1.61
3.33
3.85
24.56
1.61
2.04
6
37.29
P/E ratio (avg)x
6.449
5.467
4.639
4.351
4.692
5.067
5.053
4.337
4.280
3.876
30.99
4.337
4.666
19
13.86
EV/EBITx
25.98
27.62
30.98
31.09
32.17
36.43
35.84
37.90
44.24
47.54
22.18
37.90
34.00
16
14.05
FCF yield (avg)%
28.10
25.15
28.09
29.03
28.26
27.73
28.33
28.85
30.41
28.56
15.28
28.56
28.30
72
7.94
FCF margin%
20.21
19.40
20.14
21.87
19.95
22.30
24.70
22.11
19.63
22.50
16.72
22.30
21.04
25
0.582
FCF / Net incomex
1.859
2.079
2.184
2.598
3.028
3.521
3.922
4.150
5.025
5.685
1.623
4.150
3.274
34
8.13
ROIC%
0.40
0.40
0.40
3.24
2.92
5.87
3.60
5.87
3.83
2.35
16.03
3.83
3.08
63
13.95
Return on equity%
26.43
27.03
28.51
25.82
28.38
26.33
27.94
29.26
28.93
26.22
5.97
27.94
27.49
87
3.52
Return on assets%
6.04
7.05
6.13
3.67
2.16
0.40
0.40
0.40
0.40
0.40
22.46
0.40
1.28
69
500.94
EPSRp
144.04
140.82
124.41
116.71
113.51
99.44
90.36
81.14
85.76
85.91
520.49
(5.42%)
(4.95%)
—
15.63
EPS growth%
20.00
19.27
17.75
16.62
19.37
18.66
18.25
19.15
21.84
20.99
3.20
19.15
19.21
28
184.17
Bookvalue per shRp
182.98
189.00
202.72
187.04
199.24
201.18
200.74
186.63
186.22
210.92
483.08
1.15%
2.46%
—
438.81
FCF per shareRp
379.40
425.77
465.53
522.81
569.45
675.89
651.24
774.40
772.37
756.86
382.92
5.85%
8.54%
—
527.59
Dividend per shRp
243.37
279.20
305.59
333.00
369.63
390.62
419.98
406.63
397.79
435.43
470.96
3.33%
7.21%
—
3.44
Div yield (avg)%
32.72
32.07
29.07
27.09
24.33
27.21
29.39
30.75
27.79
27.97
9.43
27.97
28.52
60
19.78
Payout ratio%
23.53
24.77
23.12
20.24
20.28
19.84
19.06
20.12
22.40
22.47
20.77
20.12
21.34
32
4.856
Shares (diluted)B
5.315
5.430
5.912
6.565
7.015
7.750
8.679
9.489
9.127
9.435
4.693
6.11%
5.61%
9
19.71
Buyback yield%
8.83
11.81
12.96
14.56
13.22
14.45
14.08
12.22
10.08
7.55
17.78
12.22
12.59
60
0.643
D/E ratiox
0.776
0.732
0.651
0.641
0.679
0.671
0.597
0.587
0.553
0.593
1.172
0.593
0.646
78
992.9
Enterprise valueRp B
3,440
3,740
4,267
4,234
4,412
4,833
4,662
4,385
4,900
5,648
1,441
5.06%
6.55%
66
288.8
LT debtRp B
467.0
427.0
419.7
397.8
440.7
460.5
456.5
469.4
512.8
486.4
2,626
1.99%
(0.18%)
11
Cost of revenue
8.28%
1.02×
Operating expenses
8.13%
1.00×
Spread over hurdle
(1.76%)