846.5
RevenueRp B
1,707
1,723
1,756
1,791
1,849
1,928
1,981
2,030
2,096
2,166
875.5
3.21%
2.67%
8
14.33
Revenue growth%
14.44
16.85
19.33
18.54
18.62
20.50
22.72
21.38
21.79
20.84
23.15
21.38
19.91
72
7.52
Gross margin%
17.75
17.88
17.92
20.33
21.03
22.73
20.12
19.30
18.07
16.22
20.27
19.30
18.68
22
13.03
Operating margin%
7.64
7.85
6.55
9.13
8.26
7.15
6.99
6.93
9.76
7.93
21.15
7.15
7.74
58
14.14
Net margin%
17.57
20.53
19.30
21.08
23.59
22.13
22.33
21.30
20.97
19.95
17.93
21.30
21.02
88
17.44
P/E ratio (avg)x
40.58
38.41
41.33
41.48
45.46
50.55
57.31
61.69
65.78
70.93
26.15
61.69
48.00
36
34.57
EV/EBITx
24.67
22.05
21.91
20.21
20.37
19.88
21.34
21.48
23.22
25.15
31.62
21.48
21.69
16
6.37
FCF yield (avg)%
16.46
15.37
17.52
19.47
17.20
16.24
18.24
20.04
19.78
18.90
15.79
18.90
17.88
43
6.35
FCF margin%
19.61
19.20
19.48
17.14
19.71
20.45
21.51
22.98
21.91
23.14
17.50
21.91
20.08
19
1.308
FCF / Net incomex
1.100
0.966
0.917
0.957
0.977
0.994
0.875
0.918
0.871
0.778
0.567
0.875
0.937
91
20.98
ROIC%
11.84
13.84
16.41
15.44
12.83
14.68
17.06
18.18
20.42
19.62
21.10
18.18
15.93
38
7.50
Return on equity%
22.76
23.03
21.48
21.97
23.66
23.26
23.19
25.76
25.10
26.13
5.56
25.10
23.22
80
22.51
Return on assets%
15.67
13.27
13.71
13.17
12.73
13.24
13.31
14.73
14.15
11.67
11.04
13.31
13.29
39
1.51
EPSRp
8.19
9.05
9.52
10.83
12.12
12.03
11.48
12.17
14.41
14.89
1.60
4.20%
7.38%
—
29.86
EPS growth%
18.65
20.04
22.31
24.07
22.52
21.87
24.29
25.07
27.99
25.05
21.11
25.05
23.29
82
8.63
Bookvalue per shRp
5.98
5.98
6.86
7.35
7.29
8.00
8.36
8.37
8.57
8.82
8.67
3.88%
4.63%
—
1.69
FCF per shareRp
6.54
7.61
8.34
8.95
9.76
10.40
11.00
12.26
12.10
13.37
9.81
6.49%
6.79%
—
2.94
Dividend per shRp
7.41
8.16
7.80
7.74
7.46
8.26
9.50
9.12
10.59
11.41
7.97
8.86%
5.73%
—
19.82
Div yield (avg)%
23.10
24.54
21.73
23.55
22.42
24.51
23.66
20.84
18.90
20.68
3.77
20.84
22.76
72
14.70
Payout ratio%
13.55
15.15
15.97
17.89
20.86
19.91
20.83
22.34
21.05
18.31
27.07
20.83
19.11
91
84.93
Shares (diluted)B
101.3
107.2
108.1
98.03
95.47
86.93
93.60
89.68
94.24
105.1
82.20
1.93%
1.26%
69
6.78
Buyback yield%
4.65
6.15
7.50
8.29
8.20
6.66
6.32
7.91
7.99
7.92
14.64
7.91
7.71
69
0.911
D/E ratiox
0.897
0.829
0.851
0.790
0.769
0.805
0.756
0.788
0.877
0.843
1.103
0.805
0.817
53
2,211
Enterprise valueRp B
1,610
1,752
1,869
2,048
2,341
2,378
2,795
3,283
3,829
4,335
1,651
13.11%
10.66%
12
2,779
LT debtRp B
582.2
608.3
599.5
603.4
586.4
613.1
716.6
751.4
851.0
972.9
1,465
10.66%
6.58%
14
Cost of revenue
2.21%
0.96×
Operating expenses
3.80%
1.12×
Goodwill & intangibles
16.81%
Spread over hurdle
(3.79%)