2,213
RevenueRp B
1,140
1,190
1,283
1,397
1,468
1,564
1,687
1,821
1,960
2,131
2,430
7.75%
6.95%
17
14.18
Revenue growth%
20.70
18.60
17.99
17.40
14.45
15.66
12.88
10.75
11.44
10.07
15.81
11.44
15.06
8
25.31
Gross margin%
8.74
8.95
8.63
7.50
9.19
10.15
9.40
11.29
8.71
6.86
5.58
9.40
8.84
84
15.86
Operating margin%
14.54
14.58
13.97
13.98
14.83
13.62
15.81
13.97
11.88
10.95
27.85
13.62
13.97
88
18.65
Net margin%
11.42
11.64
10.56
7.94
8.75
6.47
7.22
7.82
9.86
10.77
2.82
7.82
9.30
67
35.95
P/E ratio (avg)x
8.345
9.135
10.60
11.53
12.61
14.30
16.10
17.45
17.28
19.15
14.48
17.28
13.45
47
17.68
EV/EBITx
17.30
18.53
18.71
19.03
20.72
22.21
22.53
24.95
26.19
25.22
32.17
24.95
21.47
68
19.61
FCF yield (avg)%
8.50
6.63
6.67
4.10
4.69
2.30
2.23
4.42
3.76
1.65
18.08
2.30
4.26
10
15.45
FCF margin%
5.80
6.59
5.41
7.14
8.93
7.75
9.41
10.92
10.51
13.02
7.15
10.51
8.34
35
0.252
FCF / Net incomex
1.061
1.230
1.319
1.498
1.497
1.599
1.747
2.025
2.327
2.273
0.639
2.025
1.549
84
22.76
ROIC%
19.19
16.98
16.32
17.93
18.86
17.95
15.19
13.81
12.68
15.21
15.40
15.19
16.65
10
13.75
Return on equity%
19.78
17.62
15.07
15.80
13.22
13.53
12.03
13.94
11.36
11.97
23.51
12.03
13.74
28
18.62
Return on assets%
6.22
4.99
4.54
2.78
4.52
4.61
5.05
2.67
1.73
1.49
25.86
2.67
4.53
38
80.05
EPSRp
56.41
64.57
61.51
66.44
70.62
77.99
75.51
78.87
80.96
81.21
83.42
2.84%
5.30%
—
15.63
EPS growth%
10.26
10.22
11.67
12.40
14.86
13.89
11.55
11.65
13.27
10.53
9.70
11.65
11.66
39
55.97
Bookvalue per shRp
85.35
93.28
98.97
107.27
117.67
118.35
126.58
149.45
155.22
174.27
145.10
8.17%
7.30%
—
152.24
FCF per shareRp
172.94
182.36
193.16
194.09
187.53
181.34
200.12
218.53
254.03
272.09
147.62
7.73%
6.49%
—
69.53
Dividend per shRp
108.95
119.74
131.88
146.69
156.06
178.42
194.72
221.70
257.66
302.86
123.95
14.18%
11.48%
—
14.51
Div yield (avg)%
26.71
25.31
26.65
23.79
23.25
23.41
20.77
22.36
23.83
23.57
14.48
23.41
23.68
30
20.46
Payout ratio%
12.73
10.91
12.65
10.47
7.67
10.50
9.28
8.66
7.31
9.25
11.67
9.25
9.87
93
3.760
Shares (diluted)B
6.910
7.628
8.701
10.47
12.30
13.26
13.65
13.74
15.40
15.62
3.830
4.90%
8.34%
23
21.70
Buyback yield%
7.88
5.88
6.94
4.01
2.57
5.15
4.08
2.15
3.04
0.82
10.76
3.04
4.04
31
0.459
D/E ratiox
0.960
1.001
1.061
1.172
1.217
1.104
1.112
1.113
1.088
1.028
1.362
1.104
1.096
55
808.5
Enterprise valueRp B
1,788
1,883
1,965
1,868
1,982
1,969
1,907
2,056
1,931
2,000
139.8
0.19%
0.50%
84
2,037
LT debtRp B
277.1
270.3
288.1
306.7
341.3
350.8
368.3
392.8
398.5
391.5
909.8
2.78%
3.84%
49
Cost of revenue
7.13%
1.02×
Operating expenses
6.65%
0.97×
Goodwill & intangibles
14.92%
Return on capital
120.69%
Spread over hurdle
108.39%