166.2
RevenueRp B
90.22
96.31
100.6
106.8
112.4
120.0
123.8
129.0
136.2
143.8
175.3
5.05%
5.19%
54
2.61
Revenue growth%
22.66
25.61
27.82
28.99
28.85
31.14
28.63
31.12
31.12
33.15
20.33
31.12
28.92
68
5.30
Gross margin%
19.13
19.92
21.92
21.97
20.58
22.15
20.56
20.50
19.51
20.02
23.71
20.50
20.53
12
10.72
Operating margin%
26.50
23.51
23.58
24.01
21.77
22.73
21.91
22.73
21.00
18.13
27.54
21.91
22.73
69
18.40
Net margin%
2.61
3.66
4.03
1.46
3.69
5.00
2.92
4.29
6.38
8.33
29.60
5.00
3.86
13
29.49
P/E ratio (avg)x
10.28
10.83
10.59
11.72
11.81
12.82
13.04
13.06
12.75
13.80
15.24
13.04
12.28
87
11.53
EV/EBITx
45.40
49.19
51.65
51.24
57.80
53.09
55.81
63.60
62.90
71.51
28.69
62.90
54.45
75
10.81
FCF yield (avg)%
23.71
25.63
23.45
23.38
25.08
22.91
24.70
23.87
24.17
26.53
26.40
24.17
24.02
38
7.29
FCF margin%
15.33
14.76
14.35
14.71
15.06
12.72
12.23
9.64
11.23
8.55
10.22
11.23
13.53
22
0.474
FCF / Net incomex
2.400
2.341
2.529
2.713
2.665
2.901
2.942
3.222
3.322
3.159
0.144
3.159
2.807
56
3.39
ROIC%
19.74
17.64
19.89
19.53
17.93
18.11
17.64
19.15
19.70
22.55
20.62
19.15
19.34
20
9.50
Return on equity%
14.05
11.47
12.17
12.20
13.16
10.36
7.91
5.04
7.63
6.73
27.92
7.63
10.91
46
23.29
Return on assets%
10.94
9.67
6.79
8.27
7.45
8.25
5.27
4.78
6.78
8.37
3.11
6.78
7.85
95
226.37
EPSRp
353.69
390.92
418.04
490.44
522.22
601.61
670.71
744.37
889.69
1,024
251.08
14.42%
12.32%
—
19.41
EPS growth%
5.54
5.82
6.02
7.51
9.61
11.54
11.11
10.40
11.49
14.00
3.07
11.49
10.00
93
77.93
Bookvalue per shRp
182.12
190.63
185.53
175.66
167.92
179.81
170.14
184.76
170.88
150.56
38.51
(2.16%)
(2.67%)
—
230.41
FCF per shareRp
275.87
288.37
321.14
343.14
402.52
438.71
445.58
488.63
494.57
475.85
49.42
3.40%
6.88%
—
92.33
Dividend per shRp
111.38
105.03
96.78
86.60
80.50
88.37
85.87
95.94
94.94
95.71
228.18
3.52%
(1.36%)
—
17.18
Div yield (avg)%
16.68
17.66
18.26
16.34
14.91
13.74
11.92
14.03
14.65
12.80
7.78
13.74
14.78
8
19.20
Payout ratio%
3.95
1.22
0.87
1.58
0.40
0.40
0.40
0.40
0.93
0.88
29.76
0.40
0.88
17
307.3
Shares (diluted)M
348.1
369.9
361.0
371.2
378.5
423.3
429.3
476.7
479.3
513.9
299.9
6.31%
3.77%
88
25.11
Buyback yield%
5.38
3.85
5.68
8.53
7.71
10.71
8.37
6.80
8.91
9.26
3.83
8.91
8.04
27
1.418
D/E ratiox
1.143
1.044
1.126
1.012
0.985
0.918
0.887
0.958
1.052
1.064
1.383
0.958
1.028
25
33.29
Enterprise valueRp B
145.5
159.0
173.4
182.8
189.2
222.8
250.1
266.0
258.6
291.0
109.6
9.00%
7.94%
21
27.50
LT debtRp B
43.48
48.06
47.33
49.93
52.52
57.02
60.63
56.76
57.31
59.69
180.0
2.59%
4.61%
72
Cost of revenue
5.22%
1.00×
Operating expenses
5.47%
1.03×
Cash and investments
22.11%
Spread over hurdle
(3.75%)