1,493
RevenueRp B
980.8
1,041
1,145
1,211
1,297
1,421
1,558
1,712
1,861
1,965
1,666
8.65%
7.94%
10
7.29
Revenue growth%
0.40
0.40
0.40
0.40
0.40
3.36
2.96
4.65
3.53
3.58
20.30
3.53
1.68
52
13.98
Gross margin%
40.39
37.61
35.56
37.41
36.84
39.27
38.85
41.04
40.32
40.29
29.05
40.29
39.06
89
20.75
Operating margin%
15.94
14.35
14.70
12.28
11.91
11.99
10.02
9.60
6.79
9.65
20.34
9.65
11.95
32
2.65
Net margin%
3.56
4.16
4.56
6.50
4.43
4.52
1.89
2.07
0.40
0.40
28.56
1.89
3.86
50
9.885
P/E ratio (avg)x
32.74
34.19
36.74
34.37
30.87
29.33
28.81
29.71
32.46
28.38
26.33
29.33
31.66
22
27.85
EV/EBITx
20.66
22.01
20.66
22.96
24.95
22.33
24.65
27.12
24.55
24.07
25.73
24.55
23.51
77
17.78
FCF yield (avg)%
0.40
0.40
0.40
1.65
4.65
2.53
0.54
0.40
0.40
1.86
5.32
0.54
0.47
32
25.16
FCF margin%
7.37
8.94
11.46
9.07
8.58
10.88
10.20
7.89
6.21
6.69
3.21
7.89
8.76
61
1.438
FCF / Net incomex
0.370
0.411
0.410
0.418
0.431
0.441
0.502
0.491
0.488
0.520
0.456
0.491
0.436
87
4.98
ROIC%
15.26
15.64
16.98
19.83
19.39
21.87
19.71
22.04
23.86
25.40
15.53
22.04
19.77
5
5.00
Return on equity%
18.79
18.23
17.77
20.20
19.29
16.62
15.60
16.14
17.23
16.85
15.61
16.62
17.50
11
27.55
Return on assets%
28.21
29.24
30.68
29.33
30.70
28.26
31.06
33.33
35.34
35.67
11.79
33.33
30.69
7
129.87
EPSRp
73.20
74.38
71.17
74.12
75.30
70.80
69.41
64.81
62.06
60.56
143.55
(4.26%)
(1.57%)
—
13.03
EPS growth%
33.88
32.08
32.04
29.30
32.13
34.94
34.76
32.67
35.27
34.34
10.80
34.76
33.28
42
108.82
Bookvalue per shRp
104.12
104.61
104.39
107.29
98.48
99.71
86.29
74.99
71.68
68.72
164.23
(6.94%)
(4.54%)
—
117.87
FCF per shareRp
148.04
132.78
123.39
131.94
137.49
124.21
114.56
111.42
109.91
103.57
317.93
(5.51%)
(2.69%)
—
280.52
Dividend per shRp
536.83
534.67
579.78
678.94
770.15
777.00
834.25
871.50
940.24
1,092
306.08
7.23%
9.06%
—
4.83
Div yield (avg)%
3.20
3.88
6.55
4.03
3.52
6.15
5.84
7.30
4.95
6.72
19.89
6.15
5.39
15
12.01
Payout ratio%
0.40
1.14
3.80
5.98
7.16
4.22
5.80
8.18
10.16
8.45
8.59
8.18
5.89
80
6.774
Shares (diluted)B
7.051
7.819
8.710
8.787
9.677
10.61
10.07
10.21
11.27
11.68
6.723
3.83%
5.25%
93
14.18
Buyback yield%
13.90
15.71
16.19
13.87
10.91
10.39
9.19
8.48
11.40
8.64
17.70
9.19
11.15
21
0.632
D/E ratiox
1.191
1.273
1.252
1.187
1.293
1.479
1.556
1.634
1.545
1.696
1.309
1.556
1.386
79
1,771
Enterprise valueRp B
1,632
1,712
1,673
1,962
2,056
2,182
2,086
2,361
2,357
2,453
953.3
3.59%
5.34%
80
1,490
LT debtRp B
2,974
2,874
3,249
3,531
4,033
4,669
5,141
5,548
5,576
6,178
715.8
8.91%
8.93%
88
Cost of revenue
7.78%
0.98×
Operating expenses
8.41%
1.04×
Spread over hurdle
(5.50%)