1,204
RevenueRp B
494.1
546.2
606.1
662.3
716.4
763.5
812.6
864.9
935.0
1,029
1,247
7.50%
8.40%
77
2.73
Revenue growth%
8.65
5.81
3.31
5.11
7.08
8.57
10.11
9.71
6.76
7.73
17.70
8.57
7.40
42
5.17
Gross margin%
16.32
16.49
16.48
19.09
18.42
16.22
15.98
14.75
15.94
18.26
5.74
15.98
16.40
89
10.84
Operating margin%
5.37
3.83
1.02
0.40
0.40
1.64
0.77
1.62
1.23
0.40
25.63
1.23
1.12
41
17.81
Net margin%
19.03
17.37
16.07
15.03
17.79
19.77
19.37
19.13
21.71
24.18
9.35
19.77
19.08
66
12.72
P/E ratio (avg)x
43.94
45.08
42.92
43.09
44.27
46.36
49.35
48.62
54.94
52.85
37.14
49.35
45.72
92
26.47
EV/EBITx
26.87
26.94
27.70
29.50
28.64
25.23
25.91
28.58
28.88
31.16
11.00
28.58
28.14
33
23.53
FCF yield (avg)%
10.75
10.02
8.65
6.50
7.55
7.89
9.37
11.13
8.22
9.95
13.13
9.37
9.01
82
5.04
FCF margin%
17.79
16.97
17.60
15.51
13.27
13.91
15.66
17.52
20.42
22.11
23.05
17.52
17.25
84
1.698
FCF / Net incomex
0.223
0.233
0.239
0.236
0.268
0.269
0.269
0.280
0.288
0.302
1.277
0.280
0.268
61
24.62
ROIC%
12.96
14.91
13.98
11.10
11.31
12.41
12.61
11.91
14.09
12.19
15.26
12.41
12.51
67
21.59
Return on equity%
15.43
17.82
17.66
19.47
19.62
18.53
19.74
17.16
14.96
15.38
2.13
17.16
17.74
89
5.42
Return on assets%
28.98
27.95
27.75
24.88
26.26
28.48
30.11
30.76
33.26
30.50
9.69
30.50
28.73
8
38.59
EPSRp
163.06
178.36
194.51
207.57
198.86
182.66
190.61
195.28
207.57
205.68
42.26
0.68%
3.50%
—
10.81
EPS growth%
33.64
33.39
30.44
32.51
31.35
28.49
30.23
27.93
25.46
23.39
18.07
27.93
30.34
26
119.23
Bookvalue per shRp
29.60
26.77
27.27
29.82
27.87
26.36
27.76
24.46
23.51
25.54
56.53
(1.73%)
(2.47%)
—
33.31
FCF per shareRp
36.42
40.79
42.74
41.17
47.09
55.19
55.23
55.40
55.07
64.51
109.49
6.50%
5.69%
—
133.65
Dividend per shRp
176.86
181.15
181.26
171.82
181.56
166.52
162.10
150.65
145.80
142.60
78.27
(4.72%)
(1.50%)
—
26.34
Div yield (avg)%
23.89
21.99
19.65
18.28
16.05
14.30
11.44
10.77
9.25
8.98
10.93
10.77
15.18
64
13.44
Payout ratio%
5.99
5.80
8.53
10.64
12.73
12.65
10.63
7.83
9.83
10.67
10.34
10.63
10.23
11
10.96
Shares (diluted)B
17.43
19.26
19.46
19.29
20.11
23.37
24.41
26.92
26.31
30.29
11.09
8.53%
5.50%
28
4.11
Buyback yield%
21.96
20.55
18.31
20.97
19.93
17.00
14.51
15.04
14.04
13.18
21.89
14.51
17.66
61
0.503
D/E ratiox
1.009
1.018
1.142
1.270
1.378
1.643
1.622
1.632
1.803
1.984
0.765
1.643
1.500
71
477.0
Enterprise valueRp B
1,185
1,367
1,343
1,562
1,611
1,563
1,556
1,675
1,882
2,146
868.7
5.91%
6.22%
27
930.9
LT debtRp B
749.1
770.2
722.0
756.8
713.2
603.2
619.2
660.2
687.8
653.9
697.2
(1.72%)
(1.69%)
13
Cost of revenue
8.42%
1.00×
Operating expenses
8.61%
1.02×
Goodwill & intangibles
15.70%
Spread over hurdle
(2.38%)