1,229
RevenueRp B
1,562
1,604
1,629
1,640
1,702
1,702
1,747
1,764
1,818
1,825
1,336
1.40%
1.95%
71
17.76
Revenue growth%
6.65
7.65
5.52
6.84
4.45
5.27
3.93
4.60
5.74
5.02
7.95
5.02
5.40
45
27.44
Gross margin%
17.99
19.22
18.53
20.88
22.89
23.91
22.43
23.29
23.42
24.56
27.20
23.42
22.66
31
24.10
Operating margin%
10.09
9.13
8.39
11.20
12.49
12.17
11.96
9.17
8.98
6.90
23.49
9.17
9.63
47
16.48
Net margin%
8.69
8.06
7.43
4.87
7.01
9.53
8.85
10.20
11.37
8.45
18.48
9.53
8.57
81
37.37
P/E ratio (avg)x
33.78
38.06
45.93
50.33
52.69
54.58
56.88
66.50
71.23
69.18
23.47
66.50
53.63
24
19.53
EV/EBITx
18.93
20.24
20.76
20.68
22.02
22.85
25.17
24.73
23.48
21.24
11.27
23.48
21.63
73
23.52
FCF yield (avg)%
6.97
7.24
5.39
3.87
4.79
2.50
1.55
4.37
4.85
2.71
26.59
2.71
4.58
78
8.09
FCF margin%
9.24
7.48
7.48
5.61
5.23
4.74
5.81
7.76
7.39
10.05
7.45
7.39
7.44
17
1.378
FCF / Net incomex
1.144
1.177
1.332
1.224
1.348
1.406
1.596
1.741
1.821
1.839
0.532
1.741
1.377
43
22.85
ROIC%
19.68
18.73
18.91
21.33
19.96
20.92
21.75
18.90
18.89
20.15
2.07
20.15
19.82
31
10.19
Return on equity%
21.89
21.40
23.35
25.61
27.15
27.72
27.15
28.95
28.40
27.10
27.85
27.72
27.13
30
2.54
Return on assets%
24.76
23.19
21.43
20.14
21.99
20.20
21.20
23.05
22.80
22.50
14.11
22.50
22.24
63
91.63
EPSRp
105.05
98.68
110.64
114.38
105.96
112.83
119.89
133.53
138.53
138.58
96.56
5.52%
3.57%
—
26.09
EPS growth%
12.36
10.01
11.13
12.80
10.81
9.85
8.85
6.73
4.15
6.23
13.55
6.73
9.93
68
125.58
Bookvalue per shRp
187.37
205.70
205.71
221.59
222.22
238.57
246.61
235.69
270.16
290.60
111.62
5.51%
4.85%
—
98.56
FCF per shareRp
197.23
231.55
248.52
258.97
272.95
285.90
332.36
357.86
336.44
355.14
79.95
5.41%
7.43%
—
63.79
Dividend per shRp
36.48
39.52
39.08
38.05
40.75
43.28
51.40
60.86
65.45
73.20
63.06
12.43%
7.93%
—
9.65
Div yield (avg)%
29.81
31.18
32.42
34.94
37.27
39.50
41.03
40.85
39.58
38.68
24.11
39.58
37.97
81
19.57
Payout ratio%
5.48
5.78
3.29
4.71
6.18
9.01
6.47
5.86
4.36
6.87
9.31
6.47
5.82
79
16.70
Shares (diluted)B
20.03
22.02
20.21
22.35
21.92
23.91
25.99
28.77
28.56
30.58
17.06
6.89%
4.01%
42
23.44
Buyback yield%
18.00
17.63
16.97
17.40
18.77
19.78
19.25
17.60
18.41
19.54
11.54
19.25
18.20
11
1.155
D/E ratiox
1.010
1.095
1.244
1.334
1.561
1.748
1.847
1.818
1.994
2.241
0.197
1.847
1.654
8
425.9
Enterprise valueRp B
647.6
719.1
714.4
686.1
644.6
607.3
624.2
674.5
739.4
676.8
414.1
0.98%
(0.39%)
40
2,070
LT debtRp B
322.9
366.9
396.8
409.5
428.8
494.1
557.0
599.9
693.6
803.7
649.7
13.39%
8.96%
62
Cost of revenue
1.95%
1.00×
Operating expenses
2.53%
1.06×
Goodwill & intangibles
15.89%
Spread over hurdle
(5.19%)