6,246
RevenueRp B
5,002
5,083
5,328
5,465
5,769
6,094
6,479
6,756
7,096
7,215
6,857
4.58%
4.02%
15
28.61
Revenue growth%
20.56
22.81
22.92
24.55
22.31
21.78
19.70
19.64
16.74
16.30
20.55
19.64
21.17
17
25.25
Gross margin%
32.98
32.49
33.44
32.03
32.55
30.64
32.24
34.18
35.91
35.54
10.13
34.18
32.77
45
17.24
Operating margin%
17.55
20.15
22.21
22.19
22.84
24.63
24.33
24.61
27.28
27.24
24.56
24.63
23.59
51
18.31
Net margin%
20.15
21.50
23.14
25.41
27.03
26.69
26.66
29.58
31.32
32.88
8.13
29.58
26.68
31
12.92
P/E ratio (avg)x
51.57
54.09
59.47
70.44
79.97
85.99
100.1
108.4
106.9
117.2
17.57
106.9
82.98
39
31.05
EV/EBITx
20.51
19.17
20.91
20.90
21.46
24.05
26.75
26.70
30.80
30.27
11.96
26.75
22.75
7
27.47
FCF yield (avg)%
9.73
10.69
12.68
9.73
8.74
7.53
6.66
8.11
10.67
8.37
8.40
8.11
9.24
39
25.24
FCF margin%
9.51
7.72
9.68
7.18
4.34
6.69
4.10
2.74
3.19
3.39
22.46
3.39
5.52
65
1.632
FCF / Net incomex
0.946
0.842
0.784
0.820
0.878
0.932
1.015
0.928
0.901
0.843
0.919
0.928
0.889
58
25.09
ROIC%
14.79
16.33
13.77
16.40
17.15
17.58
19.36
21.42
23.23
21.20
13.15
21.20
17.36
45
10.70
Return on equity%
0.40
3.36
2.73
1.01
0.40
0.40
0.43
0.40
1.88
0.40
26.19
0.40
0.41
66
12.79
Return on assets%
21.27
23.29
24.91
25.93
23.94
25.41
25.23
25.08
25.75
23.84
15.78
25.23
25.00
68
52.18
EPSRp
103.55
114.04
127.64
144.19
157.46
166.31
177.85
189.34
222.07
257.53
54.32
10.34%
10.81%
—
20.99
EPS growth%
17.22
14.83
13.93
12.47
9.50
8.87
9.76
8.15
8.64
11.07
5.60
8.87
10.42
42
221.43
Bookvalue per shRp
101.30
110.45
117.80
131.44
143.38
146.41
132.46
130.73
118.21
123.57
196.95
(2.93%)
1.61%
—
46.48
FCF per shareRp
360.57
373.90
391.23
459.30
527.43
530.77
579.43
663.20
658.37
635.44
262.77
3.80%
5.93%
—
62.92
Dividend per shRp
274.62
249.62
231.90
244.48
262.95
250.11
273.53
306.75
331.17
342.59
245.06
5.43%
3.42%
—
26.07
Div yield (avg)%
3.19
5.18
6.13
5.95
6.73
7.71
8.90
7.69
7.70
10.23
13.12
7.71
7.21
27
29.09
Payout ratio%
17.94
17.55
18.25
18.72
21.26
21.52
21.08
18.84
18.69
21.30
26.65
21.08
18.78
86
7.385
Shares (diluted)B
10.61
12.45
13.83
13.63
13.56
14.51
15.48
15.26
15.94
17.42
7.252
5.14%
6.39%
58
22.08
Buyback yield%
5.47
7.86
7.46
8.11
8.42
8.30
10.88
10.68
9.30
7.51
17.13
9.30
8.21
26
0.484
D/E ratiox
0.329
0.318
0.308
0.290
0.271
0.264
0.283
0.260
0.244
0.210
0.464
0.260
0.277
53
3,554
Enterprise valueRp B
3,699
3,955
3,365
3,256
2,955
3,165
3,392
3,160
2,754
2,683
3,053
(1.92%)
(4.54%)
11
2,324
LT debtRp B
6,003
5,906
5,398
5,040
4,834
5,015
4,636
4,978
4,952
4,750
4,096
(0.35%)
(1.50%)
37
Cost of revenue
4.04%
1.00×
Operating expenses
4.12%
1.01×
Spread over hurdle
24.95%