400.4
RevenueRp B
170.2
186.7
200.7
217.2
233.0
245.0
267.3
290.3
310.6
334.1
440.4
7.47%
7.52%
29
18.69
Revenue growth%
11.01
9.64
6.98
8.29
5.70
8.10
6.43
7.23
6.12
3.40
21.05
6.43
7.11
88
21.47
Gross margin%
24.72
26.65
25.93
23.38
20.84
23.57
20.88
20.60
20.28
18.43
21.21
20.60
22.13
29
14.98
Operating margin%
11.30
9.40
12.36
14.40
11.89
13.89
16.59
15.33
14.13
13.20
16.22
14.13
13.54
90
6.67
Net margin%
35.10
36.00
38.24
35.92
33.37
31.63
29.04
30.00
29.80
28.12
14.68
29.80
32.50
44
23.83
P/E ratio (avg)x
59.92
59.13
67.65
73.24
85.77
98.81
109.3
126.7
126.4
136.5
36.16
126.4
92.29
48
30.37
EV/EBITx
31.87
35.18
36.64
34.72
34.05
33.11
36.65
41.58
42.00
42.08
11.21
41.58
35.91
24
13.37
FCF yield (avg)%
8.27
9.07
11.70
10.59
11.27
10.11
12.59
11.52
11.89
12.06
24.91
11.89
11.39
85
9.86
FCF margin%
10.40
9.92
12.80
11.12
12.12
11.58
10.89
9.23
9.60
11.96
18.11
10.89
11.01
55
1.458
FCF / Net incomex
0.631
0.662
0.695
0.714
0.835
0.823
0.891
0.977
1.000
1.141
1.746
0.977
0.829
68
9.33
ROIC%
13.72
15.39
15.48
17.10
17.75
19.88
20.30
17.32
16.31
18.69
15.73
18.69
17.21
42
2.30
Return on equity%
11.57
9.71
11.40
11.30
14.07
14.81
14.55
12.59
9.86
11.13
20.10
12.59
11.49
84
23.96
Return on assets%
21.20
19.35
22.16
22.28
23.03
20.51
21.72
24.12
22.87
22.31
25.07
22.31
22.22
63
38.18
EPSRp
10.35
10.07
10.80
11.38
12.65
14.17
15.59
15.78
16.75
16.55
42.11
5.52%
4.97%
—
18.10
EPS growth%
19.36
21.43
20.98
19.91
20.35
22.02
19.99
18.14
20.95
18.26
24.11
19.99
20.17
49
40.76
Bookvalue per shRp
37.30
38.78
44.54
50.90
58.36
67.51
76.49
80.57
82.69
76.61
17.52
5.59%
6.83%
—
40.24
FCF per shareRp
26.57
30.04
30.20
33.80
35.35
38.33
37.84
43.72
42.17
40.23
35.08
2.62%
4.07%
—
36.97
Dividend per shRp
21.11
21.27
24.66
29.63
30.44
35.95
42.71
45.56
48.62
56.70
42.13
13.25%
10.74%
—
26.52
Div yield (avg)%
16.00
14.19
12.19
10.12
10.77
7.89
5.99
7.27
6.14
6.06
14.52
6.14
9.01
83
22.25
Payout ratio%
15.09
12.98
15.05
17.93
15.50
15.84
13.35
10.85
10.70
10.69
9.50
10.85
14.20
67
8.866
Shares (diluted)B
14.20
15.02
14.33
13.48
13.86
14.21
13.70
14.10
15.91
15.36
8.728
2.07%
1.75%
74
16.62
Buyback yield%
7.37
6.98
6.23
4.72
3.98
3.84
0.99
0.40
0.40
0.40
9.98
0.40
3.91
52
0.986
D/E ratiox
1.310
1.467
1.350
1.417
1.444
1.365
1.338
1.478
1.461
1.623
0.333
1.461
1.430
10
410.7
Enterprise valueRp B
381.1
427.7
449.0
407.9
437.0
402.3
459.2
415.5
439.9
426.9
186.5
(0.47%)
2.03%
78
336.1
LT debtRp B
53.46
59.18
56.29
59.28
58.68
64.82
72.86
72.60
83.64
80.71
125.4
6.58%
5.38%
57
Cost of revenue
7.80%
1.03×
Operating expenses
6.06%
0.87×
Property and equipment
23.36%
Spread over hurdle
(4.38%)