984.4
RevenueRp B
849.6
910.4
981.9
1,024
1,076
1,162
1,213
1,282
1,345
1,457
1,067
6.25%
6.28%
35
24.74
Revenue growth%
3.21
2.29
1.52
0.40
1.24
3.17
5.48
2.65
2.06
0.55
20.15
2.65
2.18
30
8.92
Gross margin%
24.25
22.32
20.98
21.35
21.27
18.60
18.11
15.12
16.33
13.62
10.94
16.33
19.79
51
16.79
Operating margin%
26.06
23.30
25.82
23.56
23.49
24.14
22.04
22.52
25.31
27.98
25.79
24.14
23.85
29
11.72
Net margin%
2.86
0.95
0.40
3.05
4.77
3.42
5.59
2.95
3.39
3.73
7.81
3.42
3.22
69
35.04
P/E ratio (avg)x
35.90
40.39
38.82
36.64
35.30
36.17
35.13
33.46
36.28
35.49
21.94
35.49
36.04
27
30.04
EV/EBITx
36.53
41.33
47.46
53.93
59.35
59.06
60.47
65.44
66.30
70.73
35.85
65.44
59.21
13
7.73
FCF yield (avg)%
18.85
21.05
21.67
19.65
17.07
15.30
16.25
17.32
17.46
18.26
2.43
17.32
17.86
94
24.68
FCF margin%
18.51
16.30
18.55
16.11
17.14
17.71
17.34
16.72
16.83
18.53
11.79
17.34
17.24
54
0.584
FCF / Net incomex
0.317
0.338
0.392
0.395
0.420
0.430
0.456
0.509
0.593
0.592
1.770
0.509
0.425
18
29.82
ROIC%
4.99
5.89
8.05
7.56
7.34
6.53
6.40
8.23
6.22
5.95
3.80
6.40
6.47
60
26.64
Return on equity%
15.24
18.18
16.86
18.92
21.24
21.69
23.96
23.71
25.29
24.45
19.25
23.96
21.46
20
10.10
Return on assets%
2.98
5.13
5.72
8.03
7.16
5.79
4.43
5.78
7.47
8.14
23.00
5.79
5.78
17
7.18
EPSRp
8.36
8.52
9.07
9.06
8.33
9.38
10.00
10.60
10.67
11.97
7.62
7.53%
3.91%
—
5.21
EPS growth%
0.40
1.20
0.40
2.06
3.68
5.86
3.56
2.92
0.51
3.05
11.90
3.05
2.49
68
23.44
Bookvalue per shRp
13.86
13.47
14.36
13.17
11.57
10.62
10.17
9.95
9.73
10.27
19.37
(2.37%)
(3.58%)
—
9.16
FCF per shareRp
29.39
30.98
31.58
31.46
35.42
37.88
43.76
48.55
49.06
58.18
24.03
10.44%
6.99%
—
25.65
Dividend per shRp
12.74
12.62
10.82
10.32
10.19
8.95
9.19
8.87
8.95
8.17
11.10
(4.32%)
(4.17%)
—
6.66
Div yield (avg)%
21.46
20.15
23.03
22.31
22.82
23.09
23.67
21.09
22.10
21.11
5.05
22.10
22.20
49
16.99
Payout ratio%
0.40
2.39
3.72
5.24
5.45
4.56
5.73
8.41
8.37
7.21
4.68
7.21
5.34
20
34.18
Shares (diluted)B
41.68
45.09
46.84
45.03
47.48
49.73
53.09
50.16
56.88
58.55
32.97
4.28%
4.50%
24
28.33
Buyback yield%
14.07
12.84
13.81
12.75
13.65
16.44
16.19
17.35
16.60
17.20
20.43
16.60
15.13
31
0.498
D/E ratiox
0.195
0.193
0.211
0.242
0.227
0.257
0.279
0.277
0.313
0.299
0.754
0.279
0.250
90
1,213
Enterprise valueRp B
1,585
1,606
1,502
1,471
1,469
1,582
1,803
1,893
2,048
2,125
835.0
7.67%
3.81%
14
840.1
LT debtRp B
742.1
796.5
704.2
652.8
681.5
692.8
734.3
714.0
773.2
753.9
1,048
2.04%
0.20%
87
Cost of revenue
6.17%
0.99×
Operating expenses
6.28%
1.00×
Spread over hurdle
(6.35%)