104.2
RevenueRp B
192.8
210.2
225.6
245.8
260.6
275.5
296.1
318.0
348.6
381.0
108.7
7.89%
7.96%
74
8.49
Revenue growth%
10.30
8.36
6.68
4.30
4.09
1.12
1.48
0.40
0.40
0.40
25.68
0.40
2.78
41
29.56
Gross margin%
25.52
24.49
24.92
25.13
23.75
22.92
21.08
21.39
19.61
17.60
23.75
21.08
23.34
63
4.46
Operating margin%
27.93
26.60
28.76
29.34
26.70
29.38
29.32
31.82
33.63
34.69
6.62
31.82
29.33
50
14.57
Net margin%
19.88
19.13
20.50
17.60
18.64
17.58
15.00
12.86
14.34
11.87
17.00
14.34
17.59
73
24.44
P/E ratio (avg)x
15.33
12.92
12.44
12.85
13.78
12.25
10.72
9.109
9.164
7.983
19.65
9.164
12.35
13
14.07
EV/EBITx
45.67
48.44
51.02
58.86
60.42
69.22
74.74
84.78
90.50
102.4
10.58
84.78
64.82
50
9.49
FCF yield (avg)%
15.13
17.09
14.95
12.74
12.15
11.31
11.62
10.72
7.87
7.76
18.98
10.72
11.89
94
23.62
FCF margin%
24.34
23.77
24.35
24.83
21.97
21.48
19.46
17.50
16.73
17.18
8.74
17.50
21.72
62
1.593
FCF / Net incomex
1.034
1.093
0.982
0.923
0.916
0.965
0.861
0.844
0.903
0.923
0.208
0.903
0.923
37
9.94
ROIC%
21.35
22.86
22.79
22.44
25.09
26.87
24.39
22.17
21.83
19.25
9.51
22.17
22.62
44
4.70
Return on equity%
7.11
4.55
2.83
2.92
2.01
2.50
1.86
1.20
3.96
6.28
3.41
2.50
2.88
37
17.04
Return on assets%
8.61
9.13
9.24
6.55
4.63
4.20
3.30
2.79
2.81
2.41
2.20
2.81
4.41
71
19.89
EPSRp
25.71
23.74
22.97
24.69
27.81
25.99
28.12
28.92
29.23
26.71
20.66
(0.80%)
0.73%
—
23.83
EPS growth%
24.53
22.35
23.23
22.96
21.09
19.07
17.49
15.01
15.71
16.73
12.09
16.73
20.08
91
22.25
Bookvalue per shRp
25.40
24.47
24.77
25.90
24.58
26.14
25.95
28.63
29.56
27.88
28.01
2.56%
0.53%
—
8.41
FCF per shareRp
19.16
21.78
20.14
19.52
19.07
20.15
21.23
20.53
22.40
24.03
29.66
4.74%
2.66%
—
16.72
Dividend per shRp
13.88
13.13
13.67
14.32
13.47
12.65
11.47
12.90
14.37
15.26
20.56
2.53%
(0.19%)
—
3.33
Div yield (avg)%
19.26
21.02
20.71
22.75
23.01
22.16
23.89
24.17
24.65
24.36
24.79
24.17
22.88
61
27.30
Payout ratio%
19.10
17.71
19.88
17.27
15.67
15.68
16.71
14.62
13.45
13.55
10.84
14.62
16.19
21
4.303
Shares (diluted)B
6.062
6.905
6.755
7.071
6.607
7.024
8.159
8.036
8.668
9.671
4.094
7.92%
6.18%
79
27.79
Buyback yield%
25.06
26.15
26.91
27.79
25.06
25.24
22.95
20.64
22.83
22.51
12.05
22.83
25.06
38
1.601
D/E ratiox
1.549
1.733
2.013
1.913
1.975
2.199
2.257
2.192
2.506
2.895
0.382
2.257
2.102
18
49.06
Enterprise valueRp B
167.5
199.8
237.1
275.9
275.4
318.7
308.7
319.2
311.1
305.5
259.0
2.10%
7.14%
87
148.2
LT debtRp B
199.6
207.3
197.1
186.0
206.0
211.2
196.9
218.1
218.0
249.6
332.0
3.91%
2.40%
26
Cost of revenue
7.96%
1.00×
Operating expenses
7.83%
0.99×
Property and equipment
20.02%
Goodwill & intangibles
16.64%
Spread over hurdle
(1.25%)