3,252
RevenueRp B
2,501
2,596
2,597
2,693
2,679
2,692
2,718
2,805
2,814
2,862
3,580
1.33%
1.44%
52
22.45
Revenue growth%
11.60
9.72
7.76
10.35
9.32
8.52
6.20
5.61
5.83
8.11
9.21
6.20
8.32
65
8.53
Gross margin%
8.15
9.30
10.30
8.59
6.39
3.80
6.70
4.32
1.34
1.57
29.35
3.80
6.55
11
25.92
Operating margin%
15.36
16.85
19.11
20.63
22.10
19.95
21.89
20.39
23.39
22.21
7.18
21.89
20.51
48
11.42
Net margin%
9.83
10.54
10.08
12.33
14.03
16.15
13.78
15.41
18.17
18.71
2.87
16.15
13.91
81
34.67
P/E ratio (avg)x
26.14
25.58
27.13
27.61
30.96
28.67
29.13
26.57
24.64
25.39
30.96
26.57
26.85
43
9.722
EV/EBITx
39.45
39.01
39.73
36.92
35.42
40.54
37.90
34.78
34.24
31.98
11.41
34.78
37.41
61
19.51
FCF yield (avg)%
30.54
30.14
29.72
30.84
31.55
30.41
32.08
29.26
27.95
25.56
2.37
29.26
30.28
16
21.79
FCF margin%
4.53
5.83
8.79
9.11
10.10
7.66
9.34
9.67
11.69
10.24
19.40
9.67
9.23
24
1.405
FCF / Net incomex
1.415
1.358
1.514
1.597
1.887
2.094
2.125
2.280
2.396
2.613
0.280
2.280
1.991
59
10.86
ROIC%
11.52
12.10
13.50
14.39
16.13
15.99
17.65
18.32
17.13
15.50
21.21
17.13
15.75
43
18.13
Return on equity%
25.08
22.52
25.43
24.64
24.12
22.53
20.92
21.72
20.48
22.40
8.72
21.72
22.52
70
22.10
Return on assets%
13.68
15.76
13.93
16.25
18.20
17.97
20.53
22.25
22.10
21.47
23.78
21.47
18.08
89
35.48
EPSRp
77.59
82.71
75.42
66.94
70.29
66.92
68.93
77.36
71.07
77.73
39.10
2.03%
(0.27%)
—
24.59
EPS growth%
18.24
20.43
18.82
18.36
19.43
18.26
18.42
20.75
22.99
23.39
19.24
20.75
19.12
22
30.13
Bookvalue per shRp
75.73
81.29
73.03
81.73
78.55
80.79
82.09
73.51
82.30
89.61
38.99
2.67%
0.60%
—
110.53
FCF per shareRp
35.44
35.47
37.73
40.43
44.13
42.88
42.01
41.57
41.81
46.32
64.49
0.97%
3.26%
—
64.19
Dividend per shRp
52.39
53.22
57.57
63.89
58.57
58.27
57.22
61.77
58.57
59.14
97.28
0.19%
1.08%
—
7.72
Div yield (avg)%
16.18
14.01
14.06
15.60
16.46
19.40
19.51
20.91
21.95
22.88
12.51
20.91
17.93
49
28.62
Payout ratio%
21.79
23.84
25.54
24.13
26.03
23.45
24.80
24.77
25.80
26.83
10.89
24.80
24.78
73
16.86
Shares (diluted)B
21.13
19.32
18.17
19.15
20.67
18.51
16.83
17.53
18.21
20.16
16.26
(0.50%)
(1.29%)
55
16.51
Buyback yield%
23.30
24.91
27.38
27.80
28.50
27.47
25.83
25.97
27.88
26.43
29.87
26.43
26.90
27
1.655
D/E ratiox
0.530
0.523
0.573
0.511
0.531
0.543
0.555
0.507
0.550
0.574
0.647
0.550
0.537
63
2,977
Enterprise valueRp B
1,678
1,745
1,775
1,692
1,940
2,181
2,331
2,607
2,824
3,018
3,472
9.24%
7.45%
25
1,429
LT debtRp B
2,965
3,204
3,019
2,546
2,725
2,345
2,205
1,928
1,790
1,742
385.7
(8.56%)
(4.85%)
81
Cost of revenue
1.38%
0.99×
Operating expenses
1.16%
0.97×
Spread over hurdle
40.57%