3,284
RevenueRp B
13,679
14,561
15,009
15,408
16,047
16,517
17,454
18,588
19,177
19,780
3,573
4.27%
4.37%
68
9.51
Revenue growth%
18.22
17.50
17.62
19.19
21.25
21.90
23.78
26.60
29.49
32.27
29.55
26.60
21.58
9
22.03
Gross margin%
9.65
7.69
9.97
9.48
7.20
4.41
5.95
6.61
3.93
3.19
23.30
4.41
6.91
80
19.82
Operating margin%
18.55
16.50
17.73
16.07
13.41
14.33
13.51
13.16
11.64
11.57
15.67
13.16
13.92
83
15.64
Net margin%
21.79
21.00
22.35
19.76
18.26
16.17
15.45
14.40
15.99
16.77
15.56
15.99
17.51
38
16.47
P/E ratio (avg)x
26.19
28.22
28.92
33.00
36.56
42.66
51.22
53.23
59.23
70.66
10.40
53.23
39.61
32
19.91
EV/EBITx
11.90
12.42
13.59
14.98
13.84
14.97
17.10
18.96
21.02
20.96
35.20
18.96
14.97
53
7.12
FCF yield (avg)%
4.38
4.75
5.64
3.17
5.56
2.85
3.56
3.86
5.11
4.73
17.05
3.86
4.56
49
26.93
FCF margin%
5.51
3.96
3.55
2.10
1.79
4.17
5.29
2.92
3.63
5.08
3.12
4.17
3.79
57
0.138
FCF / Net incomex
1.207
1.266
1.280
1.257
1.317
1.461
1.435
1.639
1.634
1.666
0.833
1.634
1.376
52
9.44
ROIC%
24.18
23.57
23.36
20.63
18.57
19.17
20.76
22.33
24.31
24.24
7.90
22.33
22.84
20
29.77
Return on equity%
27.98
27.95
25.80
23.77
24.95
22.67
23.73
25.49
24.60
24.74
11.12
24.60
24.85
66
12.25
Return on assets%
19.52
19.43
20.78
18.63
15.83
17.08
14.36
12.01
14.86
17.43
11.83
14.86
17.26
64
38.43
EPSRp
50.79
52.31
44.99
44.05
47.17
43.72
44.61
41.28
42.71
39.52
40.24
(3.48%)
(2.88%)
—
26.19
EPS growth%
33.19
30.46
28.30
30.18
28.61
28.87
28.85
31.02
29.00
29.02
5.89
29.00
29.01
49
52.67
Bookvalue per shRp
100.82
104.97
101.73
109.80
123.31
142.60
159.89
166.57
172.77
178.52
186.09
7.68%
6.98%
—
91.45
FCF per shareRp
153.12
173.23
171.52
202.80
228.62
271.37
296.17
322.82
378.39
433.85
122.79
13.67%
13.12%
—
152.41
Dividend per shRp
148.58
171.90
182.52
213.29
235.50
269.06
318.10
302.37
317.31
355.03
180.76
8.56%
10.72%
—
18.30
Div yield (avg)%
20.06
22.89
20.08
21.15
18.37
16.56
15.58
14.61
16.53
15.75
15.63
15.75
17.47
18
8.72
Payout ratio%
1.88
0.40
2.89
5.84
8.13
11.02
10.97
11.93
9.47
10.31
8.69
10.97
8.80
7
32.85
Shares (diluted)B
45.02
43.86
43.05
42.06
41.85
41.58
43.79
41.49
40.49
41.06
31.36
(0.38%)
(0.16%)
42
12.91
Buyback yield%
23.60
26.20
27.71
26.28
24.39
26.10
26.31
28.47
25.50
27.57
7.26
26.31
26.24
78
0.166
D/E ratiox
1.258
1.255
1.268
1.439
1.419
1.648
1.924
2.046
2.262
2.282
0.264
2.046
1.543
66
15,182
Enterprise valueRp B
2,779
2,683
2,557
2,731
2,856
2,601
2,475
2,242
2,155
2,001
9,815
(6.87%)
(2.13%)
13
12,372
LT debtRp B
10,310
9,986
10,008
10,270
10,506
12,033
11,572
12,508
14,224
15,165
14,408
7.62%
3.80%
50
Cost of revenue
4.21%
0.99×
Operating expenses
5.11%
1.07×
Goodwill & intangibles
20.36%
Spread over hurdle
14.09%