113.5
RevenueRp B
109.0
114.3
124.5
135.0
147.1
156.4
166.0
174.6
188.3
196.7
122.8
5.98%
6.85%
12
10.67
Revenue growth%
13.63
14.69
17.47
18.32
16.22
16.13
16.15
13.63
15.21
16.38
25.68
16.13
16.14
78
16.25
Gross margin%
8.00
7.96
5.72
7.23
5.49
8.19
7.62
8.25
6.14
6.70
5.76
7.62
7.42
46
24.42
Operating margin%
27.03
26.64
25.82
25.20
27.47
26.87
27.43
26.89
26.02
23.81
13.01
26.87
26.75
69
20.38
Net margin%
2.85
2.52
0.65
3.57
2.35
1.00
0.40
0.68
0.40
0.40
13.15
0.40
0.84
9
37.03
P/E ratio (avg)x
11.39
12.33
14.42
15.77
18.45
18.00
21.13
22.59
25.64
25.81
13.07
22.59
18.23
52
12.16
EV/EBITx
5.627
5.171
4.829
5.230
5.638
5.456
5.346
5.231
5.431
5.724
26.75
5.431
5.389
69
26.82
FCF yield (avg)%
0.40
0.40
0.40
0.40
0.40
0.40
2.80
3.48
2.21
4.53
20.60
2.80
0.40
93
13.21
FCF margin%
18.57
20.96
23.32
22.01
21.63
20.33
17.70
15.03
15.70
12.78
11.46
15.70
19.45
91
1.631
FCF / Net incomex
2.254
2.374
2.755
2.915
3.358
3.581
3.704
3.476
3.849
4.071
0.906
3.704
3.417
79
14.25
ROIC%
5.98
3.82
4.67
3.32
4.10
2.35
1.37
0.40
0.40
0.40
13.03
0.40
2.84
53
5.10
Return on equity%
9.00
8.72
7.90
7.92
6.49
3.62
1.31
1.90
1.50
3.53
16.06
1.90
5.05
86
21.79
Return on assets%
20.79
20.56
18.31
15.83
14.09
13.36
10.96
11.77
11.00
11.07
15.36
11.07
13.72
16
0.83
EPSRp
3.39
3.74
3.88
3.75
3.86
4.36
5.16
5.56
6.29
7.08
0.85
12.91%
9.20%
—
11.96
EPS growth%
10.61
9.50
9.64
10.58
11.98
11.66
11.03
12.67
14.33
12.28
14.98
12.28
11.34
94
4.47
Bookvalue per shRp
2.07
2.20
2.42
2.15
2.32
2.45
2.32
2.27
2.29
2.34
1.90
0.25%
1.16%
—
3.61
FCF per shareRp
9.99
11.23
12.34
14.96
17.58
17.34
20.67
24.63
28.42
33.47
2.20
13.74%
14.40%
—
3.04
Dividend per shRp
5.69
6.15
6.34
6.87
7.38
7.03
7.56
6.91
7.27
6.49
2.21
(2.54%)
1.46%
—
16.01
Div yield (avg)%
24.38
21.51
20.77
23.42
23.82
21.94
24.60
23.49
21.90
19.40
22.09
21.94
22.68
66
21.36
Payout ratio%
22.40
21.60
24.35
21.79
21.18
18.42
21.04
18.84
19.88
21.30
14.55
19.88
21.24
91
10.31
Shares (diluted)B
14.07
13.11
13.58
12.62
11.91
13.50
15.66
15.35
15.21
17.50
10.42
8.00%
3.01%
19
13.44
Buyback yield%
0.40
0.91
0.40
0.40
0.40
1.72
3.52
6.42
8.60
10.15
18.26
6.42
1.31
32
1.105
D/E ratiox
1.356
1.287
1.315
1.285
1.228
1.345
1.331
1.323
1.236
1.173
1.628
1.323
1.301
47
21.46
Enterprise valueRp B
201.2
194.9
215.0
252.7
275.9
320.3
313.4
356.9
417.6
469.1
141.5
11.20%
10.04%
11
72.05
LT debtRp B
170.4
174.8
191.0
194.0
195.3
205.4
218.1
216.5
223.3
229.9
73.95
3.32%
3.61%
12
Cost of revenue
7.14%
1.03×
Operating expenses
6.45%
0.96×
Cash and investments
15.41%
Spread over hurdle
12.55%