5,524
RevenueRp B
4,455
4,830
5,132
5,540
5,906
6,330
6,969
7,513
7,986
8,759
6,080
8.20%
7.69%
87
23.16
Revenue growth%
31.43
29.17
26.93
27.87
28.03
28.93
31.89
29.17
29.27
31.95
15.51
29.27
29.17
60
3.14
Gross margin%
15.42
13.38
16.13
13.64
13.16
14.56
14.37
13.72
16.61
19.19
2.55
14.56
14.46
74
16.26
Operating margin%
4.77
7.72
8.34
10.31
11.81
12.55
12.78
13.05
12.50
9.56
8.57
12.55
11.06
33
5.84
Net margin%
12.02
12.71
9.74
10.14
11.33
12.20
14.52
12.55
13.38
14.74
15.00
13.38
12.38
75
35.46
P/E ratio (avg)x
36.39
38.16
43.40
50.64
57.57
62.20
67.34
80.21
95.49
101.6
6.302
80.21
59.89
79
25.12
EV/EBITx
45.43
46.57
48.74
55.38
52.14
60.82
59.19
68.73
75.85
72.07
19.57
68.73
57.29
89
15.22
FCF yield (avg)%
20.11
18.90
21.64
22.25
24.61
24.60
23.99
22.34
23.01
22.09
19.90
23.01
22.29
10
2.19
FCF margin%
15.88
15.35
13.25
15.04
13.92
12.39
9.92
12.48
14.40
13.40
29.63
12.48
13.66
38
1.440
FCF / Net incomex
1.175
1.131
1.289
1.518
1.631
1.835
2.045
2.019
2.324
2.355
1.060
2.045
1.733
72
14.83
ROIC%
13.25
11.24
13.69
13.66
11.86
13.22
11.18
10.92
11.10
11.70
20.81
11.18
11.78
87
22.00
Return on equity%
22.49
25.16
28.14
27.05
29.78
29.78
27.95
27.91
28.53
28.52
8.41
28.52
28.05
34
22.78
Return on assets%
21.83
21.01
19.83
19.78
22.10
20.42
17.46
19.77
17.67
18.67
6.09
18.67
19.81
26
4.18
EPSRp
1.19
1.19
1.16
1.20
1.21
1.27
1.35
1.41
1.40
1.46
4.49
3.90%
2.55%
—
5.07
EPS growth%
19.67
19.79
16.81
17.22
14.99
12.27
14.96
15.13
17.80
16.13
28.28
15.13
16.47
10
3.27
Bookvalue per shRp
6.50
6.96
7.04
8.18
8.52
8.45
9.52
9.45
9.75
10.40
2.41
4.07%
6.15%
—
1.13
FCF per shareRp
3.03
3.42
3.84
3.59
3.94
3.74
4.06
4.61
4.50
5.11
4.05
5.33%
6.00%
—
1.35
Dividend per shRp
1.06
1.22
1.20
1.41
1.37
1.44
1.53
1.60
1.79
2.02
3.02
8.07%
7.18%
—
9.95
Div yield (avg)%
0.40
1.75
0.40
2.63
5.62
6.94
5.65
8.01
10.00
10.96
16.41
8.01
5.63
56
24.19
Payout ratio%
18.37
15.63
13.80
12.76
14.11
13.07
15.45
18.26
15.85
17.69
17.39
15.85
15.54
59
1,060
Shares (diluted)B
921.5
885.9
943.9
1,023
993.5
995.8
1,046
957.3
1,017
933.4
1,059
(1.24%)
(0.44%)
11
2.21
Buyback yield%
36.18
33.51
34.42
34.29
32.42
32.68
35.50
32.56
32.15
33.92
28.23
32.68
33.71
16
0.275
D/E ratiox
1.199
1.130
1.108
0.981
0.980
0.850
0.910
0.868
0.782
0.696
0.901
0.850
0.945
36
4,260
Enterprise valueRp B
2,752
2,396
2,314
2,413
2,072
1,978
1,735
1,593
1,718
1,627
2,548
(4.72%)
(5.66%)
78
4,588
LT debtRp B
7,147
7,340
8,394
7,870
8,541
9,422
10,164
9,875
10,851
11,070
7,343
5.33%
4.73%
71
Cost of revenue
7.37%
0.97×
Operating expenses
7.79%
1.01×
Goodwill & intangibles
14.53%
Spread over hurdle
(8.24%)