3,175
RevenueRp B
2,292
2,415
2,549
2,700
2,828
2,975
3,249
3,532
3,825
4,059
3,330
7.49%
6.37%
44
6.06
Revenue growth%
4.28
6.67
5.99
4.77
2.28
0.63
0.40
0.40
3.26
4.43
2.00
0.63
3.77
52
15.31
Gross margin%
32.41
33.70
31.39
33.39
34.01
36.35
39.14
40.76
39.60
41.45
9.41
39.60
35.18
21
28.63
Operating margin%
16.64
15.99
16.24
15.32
13.50
16.50
19.12
21.05
18.20
17.27
29.33
18.20
16.57
40
2.94
Net margin%
34.03
31.57
33.17
34.01
35.82
36.93
35.31
36.99
35.05
34.22
3.53
35.31
34.63
93
34.25
P/E ratio (avg)x
18.78
18.14
19.56
20.41
21.05
20.97
20.94
22.12
20.52
19.13
18.77
20.94
20.47
36
24.72
EV/EBITx
29.51
31.99
31.83
28.10
26.58
25.34
26.44
27.37
24.21
22.87
16.17
25.34
26.98
16
2.62
FCF yield (avg)%
18.48
20.51
18.74
17.39
16.77
16.98
17.71
20.31
22.26
24.23
8.40
20.31
18.61
25
20.76
FCF margin%
7.01
7.12
9.31
7.96
10.47
12.83
15.59
15.46
16.48
14.97
14.90
15.46
11.65
33
0.416
FCF / Net incomex
0.480
0.473
0.500
0.549
0.567
0.597
0.565
0.618
0.606
0.567
1.109
0.597
0.566
9
8.19
ROIC%
25.97
26.03
26.47
28.37
30.08
27.51
29.46
27.52
28.09
30.10
18.74
28.09
27.80
85
9.17
Return on equity%
34.35
33.64
34.79
35.35
37.10
39.61
38.57
41.53
39.21
39.95
6.01
39.61
37.83
11
7.73
Return on assets%
25.36
27.37
28.56
31.47
32.14
34.87
37.09
37.61
36.88
34.10
17.74
36.88
33.12
43
799.03
EPSRp
362.86
320.09
288.41
307.71
305.92
306.95
277.47
292.34
298.82
308.52
841.01
0.17%
(3.14%)
—
28.17
EPS growth%
25.95
24.99
24.08
25.54
24.46
25.63
26.47
25.21
22.68
24.80
23.10
25.21
25.10
27
1,214
Bookvalue per shRp
1,194
1,232
1,310
1,331
1,503
1,584
1,611
1,704
1,915
1,956
294.93
5.42%
4.73%
—
1,007
FCF per shareRp
1,170
1,332
1,224
1,280
1,447
1,574
1,630
1,498
1,418
1,545
222.52
1.32%
2.70%
—
914.45
Dividend per shRp
1,117
1,143
1,345
1,334
1,325
1,451
1,597
1,871
1,931
2,094
540.28
9.59%
7.16%
—
7.27
Div yield (avg)%
9.69
7.78
9.02
9.03
8.63
9.17
12.07
11.76
9.55
9.99
18.38
9.99
9.36
73
21.88
Payout ratio%
19.13
16.60
17.22
19.66
19.82
19.31
19.89
22.53
21.43
19.73
5.54
19.89
19.69
30
2.412
Shares (diluted)B
2.381
2.486
2.532
2.715
2.722
2.936
2.845
2.945
2.844
2.993
2.487
1.92%
2.05%
66
5.74
Buyback yield%
21.59
21.47
22.12
22.57
23.18
25.59
22.64
23.25
25.46
27.47
27.48
25.46
22.91
26
0.878
D/E ratiox
0.811
0.877
0.980
0.926
0.944
0.978
0.897
0.846
0.787
0.858
0.305
0.858
0.887
5
3,354
Enterprise valueRp B
2,558
2,908
3,501
4,033
4,783
5,278
5,359
6,063
6,515
7,517
2,421
9.47%
11.23%
14
751.0
LT debtRp B
2,728
2,485
2,126
2,170
2,288
2,076
1,961
1,796
1,593
1,358
1,922
(9.91%)
(7.88%)
6
Cost of revenue
6.56%
1.02×
Operating expenses
5.93%
0.96×
Goodwill & intangibles
18.97%
Spread over hurdle
(5.27%)