1,972
RevenueRp B
1,867
1,928
1,981
2,030
2,106
2,152
2,242
2,313
2,352
2,370
2,158
2.40%
2.76%
5
3.01
Revenue growth%
20.13
18.70
17.49
14.49
15.60
14.32
16.60
19.03
16.99
14.43
5.37
16.60
16.79
34
21.50
Gross margin%
30.25
30.54
30.62
32.69
30.23
29.56
27.26
28.11
25.99
23.96
7.63
27.26
29.90
77
15.43
Operating margin%
1.24
0.40
0.40
2.57
3.08
3.15
2.01
4.55
2.76
3.82
9.47
3.15
2.67
65
9.33
Net margin%
34.07
34.68
35.55
38.42
38.54
36.77
34.68
32.16
31.03
28.99
5.82
32.16
34.68
51
21.11
P/E ratio (avg)x
42.85
42.62
44.24
53.54
55.60
62.04
64.25
75.63
91.56
101.4
11.24
75.63
58.82
81
32.90
EV/EBITx
28.19
26.98
24.31
25.15
27.70
25.27
26.60
27.25
26.07
26.24
29.54
26.24
26.42
31
11.48
FCF yield (avg)%
0.40
0.40
0.57
0.40
0.40
1.70
1.17
2.96
4.82
2.06
9.95
2.06
0.87
36
15.95
FCF margin%
15.68
18.30
19.94
22.30
20.43
23.33
23.82
22.82
25.72
23.86
16.18
23.82
22.56
88
1.071
FCF / Net incomex
0.363
0.353
0.363
0.357
0.327
0.299
0.260
0.238
0.202
0.170
0.891
0.238
0.313
26
19.50
ROIC%
24.55
24.07
26.18
24.00
25.29
26.08
26.28
28.47
29.47
31.66
21.02
28.47
26.13
21
12.72
Return on equity%
23.60
23.90
24.33
23.26
24.07
22.94
25.14
25.31
25.05
26.74
18.89
25.14
24.20
28
28.06
Return on assets%
27.12
26.56
25.10
25.05
23.07
24.01
22.83
24.43
26.01
27.74
22.43
24.43
25.08
54
46.31
EPSRp
34.51
32.68
36.91
42.14
49.94
57.98
61.30
60.99
70.38
78.24
48.20
9.40%
10.15%
—
3.44
EPS growth%
11.83
14.31
14.95
17.46
19.09
18.60
15.71
15.40
15.52
17.08
20.98
15.71
15.61
92
69.85
Bookvalue per shRp
62.23
65.98
61.73
67.43
61.07
56.46
59.34
63.06
67.74
71.48
65.49
3.20%
1.21%
—
68.09
FCF per shareRp
79.38
79.80
85.36
85.10
83.06
84.10
94.40
96.63
94.44
93.52
68.84
2.40%
1.70%
—
56.26
Dividend per shRp
53.96
60.59
55.43
54.41
49.97
50.35
53.15
53.48
59.74
62.35
18.05
4.53%
1.67%
—
18.09
Div yield (avg)%
22.57
23.43
23.60
22.98
20.32
19.95
21.23
18.53
18.36
17.90
3.31
18.53
20.77
86
12.23
Payout ratio%
21.01
20.31
21.55
22.68
23.80
24.34
23.71
26.02
27.20
24.49
12.23
24.49
23.75
78
27.78
Shares (diluted)B
21.46
21.55
22.09
19.01
18.87
17.07
15.24
13.52
13.87
13.60
28.62
(6.34%)
(5.90%)
46
21.58
Buyback yield%
8.50
10.52
9.77
9.38
11.24
10.52
7.63
5.23
4.39
6.94
7.01
6.94
8.94
65
0.312
D/E ratiox
1.614
1.573
1.828
1.875
1.944
2.191
2.339
2.504
2.884
3.049
1.121
2.504
2.067
83
949.1
Enterprise valueRp B
1,460
1,646
1,731
1,771
1,982
2,093
2,078
2,115
2,331
2,642
3,151
5.92%
6.69%
12
2,073
LT debtRp B
2,481
2,186
2,207
1,940
1,826
1,595
1,491
1,505
1,543
1,626
1,771
(2.30%)
(5.43%)
65
Cost of revenue
2.87%
1.01×
Operating expenses
3.09%
1.03×
Cash and investments
16.28%
Goodwill & intangibles
15.94%