20,862
RevenueRp B
14,462
15,807
16,874
17,847
18,648
20,018
21,009
21,991
23,964
25,818
21,588
6.72%
6.74%
12
11.68
Revenue growth%
6.99
4.29
7.16
9.32
8.51
7.40
9.44
7.43
6.43
5.39
22.46
7.40
7.28
47
21.81
Gross margin%
4.06
1.37
1.71
0.40
1.38
1.06
1.24
2.66
4.16
4.10
24.96
2.66
1.55
19
19.99
Operating margin%
8.17
5.59
6.74
6.04
8.01
10.51
9.76
8.83
7.60
5.70
12.64
8.83
7.81
64
7.69
Net margin%
13.89
15.08
16.02
17.23
20.22
18.23
16.39
18.63
19.89
22.42
9.26
18.63
17.73
57
11.30
P/E ratio (avg)x
9.119
10.33
9.761
9.658
9.687
9.520
10.31
9.931
10.22
11.02
9.205
10.22
9.846
9
10.10
EV/EBITx
20.86
19.28
20.05
21.48
20.45
18.96
18.46
16.92
14.69
13.01
23.97
16.92
19.12
51
14.18
FCF yield (avg)%
16.91
18.70
18.26
20.70
21.06
19.03
20.07
22.22
23.79
24.00
2.18
22.22
20.39
85
20.20
FCF margin%
29.53
29.43
27.08
25.11
23.27
25.72
24.22
26.82
27.73
24.87
2.66
25.72
26.27
8
1.692
FCF / Net incomex
1.392
1.297
1.364
1.268
1.250
1.308
1.349
1.207
1.111
1.053
0.995
1.207
1.283
39
19.22
ROIC%
13.29
16.07
13.82
12.62
10.06
8.16
10.10
10.96
8.85
10.83
23.51
10.10
10.90
51
18.14
Return on equity%
28.62
28.05
30.35
30.48
29.01
26.45
29.34
29.02
28.62
29.59
9.56
29.02
29.01
38
23.53
Return on assets%
25.07
27.60
29.49
31.59
32.81
31.25
28.28
27.94
29.82
30.88
6.72
29.82
29.66
15
1,187
EPSRp
2,128
2,249
2,141
2,370
2,274
2,575
2,978
3,237
3,715
4,003
1,280
11.97%
6.84%
—
20.27
EPS growth%
14.16
14.02
12.32
9.69
10.76
12.67
12.24
11.36
8.87
6.05
4.00
11.36
11.80
74
1,058
Bookvalue per shRp
293.76
272.82
296.17
314.85
344.77
365.03
409.84
459.32
482.64
531.67
1,580
9.05%
5.78%
—
1,943
FCF per shareRp
2,374
2,523
2,706
2,652
2,983
3,242
3,327
3,215
3,308
3,499
2,019
3.24%
5.14%
—
1,280
Dividend per shRp
2,758
3,060
3,248
3,201
3,201
3,295
3,689
3,351
3,517
3,678
1,414
2.82%
3.79%
—
21.48
Div yield (avg)%
0.66
0.40
1.44
0.86
0.40
0.40
1.84
0.42
1.87
1.48
23.80
1.48
0.76
29
6.92
Payout ratio%
5.90
4.55
6.64
5.30
7.70
7.33
6.34
8.02
6.58
7.13
14.33
7.13
6.61
64
14.50
Shares (diluted)B
21.00
20.67
21.20
21.93
20.67
19.64
20.55
22.26
24.71
26.09
14.41
4.76%
3.75%
37
22.38
Buyback yield%
7.40
7.35
9.69
7.51
5.88
5.86
7.94
8.49
6.31
4.46
18.99
6.31
7.37
87
0.475
D/E ratiox
1.247
1.300
1.412
1.524
1.624
1.808
2.022
1.980
1.986
1.991
0.499
1.986
1.716
83
3,415
Enterprise valueRp B
2,109
2,312
2,400
2,520
2,295
2,241
1,999
2,236
2,237
2,126
21,597
(1.52%)
1.23%
86
14,511
LT debtRp B
2,501
2,334
2,253
2,319
2,381
2,377
2,569
2,836
2,992
3,184
2,335
5.99%
2.15%
92
Cost of revenue
6.74%
1.00×
Operating expenses
6.73%
1.00×
Cash and investments
18.71%
Spread over hurdle
(2.93%)