2,707
RevenueRp B
1,536
1,585
1,632
1,690
1,783
1,892
2,008
2,150
2,220
2,370
2,915
5.85%
5.10%
62
7.42
Revenue growth%
1.21
0.42
0.40
1.39
3.54
4.90
5.46
6.16
5.41
2.68
18.04
5.41
3.11
75
17.19
Gross margin%
16.72
14.75
16.98
19.82
19.21
19.73
21.23
19.30
17.56
18.45
22.25
19.30
18.83
56
20.41
Operating margin%
30.56
27.68
29.73
29.95
29.24
27.32
28.23
25.88
27.05
27.66
27.95
27.32
27.95
69
18.48
Net margin%
19.18
21.98
21.82
19.20
19.74
20.10
21.84
21.25
18.75
18.47
11.86
20.10
19.92
60
9.759
P/E ratio (avg)x
25.60
23.81
22.01
21.19
21.49
23.26
23.78
21.96
24.60
27.09
8.985
23.78
23.52
42
16.47
EV/EBITx
10.05
9.550
10.14
9.337
8.180
8.809
7.901
6.885
7.254
6.941
32.61
7.254
8.494
74
23.42
FCF yield (avg)%
25.86
27.16
28.94
31.01
28.98
29.81
32.71
30.44
31.15
32.35
19.85
31.15
30.13
83
23.16
FCF margin%
33.26
32.12
31.63
32.33
30.41
29.47
26.54
23.57
21.45
24.09
16.35
24.09
29.94
22
0.274
FCF / Net incomex
0.782
0.842
0.753
0.718
0.748
0.829
0.787
0.722
0.683
0.753
0.835
0.753
0.753
37
19.14
ROIC%
16.78
14.46
14.56
17.01
18.33
20.36
22.84
22.94
24.07
21.74
28.06
22.84
19.34
27
23.73
Return on equity%
19.52
21.00
20.52
18.63
16.10
14.82
17.72
17.28
19.82
19.28
5.67
17.72
18.96
38
19.34
Return on assets%
7.31
5.03
6.16
3.67
2.21
3.96
3.20
5.06
3.83
2.89
5.55
3.83
3.89
29
38.06
EPSRp
42.36
38.60
40.34
37.17
36.60
33.31
33.27
37.00
37.22
40.72
41.92
2.16%
0.62%
—
17.49
EPS growth%
13.51
12.89
10.02
8.08
10.86
10.44
8.07
6.16
6.12
4.68
19.41
6.16
9.05
54
43.06
Bookvalue per shRp
62.69
71.24
72.00
66.19
72.22
67.00
74.00
75.26
84.15
86.78
11.03
3.74%
3.34%
—
39.23
FCF per shareRp
46.95
40.82
43.95
46.12
49.88
54.50
48.44
49.45
46.23
40.76
24.01
(3.96%)
(1.22%)
—
33.60
Dividend per shRp
18.42
19.67
20.50
21.79
22.85
24.22
23.51
23.74
23.16
22.56
39.17
(0.25%)
2.68%
—
17.65
Div yield (avg)%
15.08
13.24
14.03
15.42
12.65
10.09
11.73
10.28
11.43
8.78
26.62
10.28
12.19
9
13.97
Payout ratio%
10.43
7.92
7.95
5.17
2.73
2.70
2.59
0.40
0.40
1.90
27.36
1.90
2.71
24
15.03
Shares (diluted)B
15.21
13.03
12.82
13.67
13.46
12.80
11.09
10.26
9.161
9.190
15.35
(7.34%)
(4.42%)
39
9.88
Buyback yield%
10.86
13.06
13.82
13.76
16.26
17.98
19.45
21.32
22.07
20.31
22.24
20.31
17.12
45
1.131
D/E ratiox
1.585
1.467
1.327
1.461
1.507
1.503
1.557
1.417
1.325
1.221
1.695
1.417
1.464
65
1,049
Enterprise valueRp B
3,059
3,275
3,347
3,484
3,471
3,502
3,408
3,603
3,867
3,404
1,588
(0.39%)
1.46%
56
2,254
LT debtRp B
2,526
2,564
2,364
2,464
2,303
2,176
1,974
2,035
1,930
1,999
671.2
(2.79%)
(2.37%)
13
Cost of revenue
4.90%
0.98×
Operating expenses
5.52%
1.04×
Property and equipment
20.72%
Goodwill & intangibles
16.44%
Spread over hurdle
(5.83%)