965.2
RevenueRp B
454.0
500.8
536.0
589.6
625.8
686.3
746.5
809.2
891.6
976.2
1,079
9.30%
8.95%
78
3.73
Revenue growth%
14.64
13.67
15.61
14.57
11.59
12.15
11.18
11.38
11.70
10.06
20.51
11.38
11.93
17
29.85
Gross margin%
27.22
25.88
23.02
23.95
21.13
19.08
20.00
20.16
19.37
20.26
22.45
20.00
20.69
55
12.35
Operating margin%
24.34
26.71
25.64
22.69
22.67
24.88
25.36
26.01
28.67
27.51
14.55
26.01
25.50
38
7.71
Net margin%
10.30
9.89
7.14
6.86
9.31
8.32
5.94
3.79
3.23
5.54
13.75
5.54
7.00
73
35.39
P/E ratio (avg)x
20.54
21.87
19.03
19.34
20.56
20.36
19.27
20.23
17.28
16.73
16.71
19.27
19.79
11
18.35
EV/EBITx
21.95
21.66
20.14
21.48
23.67
26.52
24.75
23.48
22.39
22.65
28.69
23.48
22.52
30
20.94
FCF yield (avg)%
1.17
0.75
2.89
1.37
2.95
3.23
4.38
6.90
9.06
8.93
23.91
6.90
3.09
24
15.95
FCF margin%
5.27
3.15
4.01
3.41
2.82
0.76
3.66
3.98
2.40
3.99
29.30
3.66
3.53
76
0.550
FCF / Net incomex
1.249
1.251
1.236
1.393
1.374
1.438
1.345
1.451
1.585
1.659
1.609
1.451
1.383
11
5.45
ROIC%
26.67
28.62
27.56
29.35
32.11
31.22
32.48
30.36
30.27
29.20
17.66
30.36
29.81
70
28.13
Return on equity%
11.90
8.99
8.73
7.19
9.22
10.66
9.84
12.19
12.65
13.11
13.06
12.19
10.25
42
21.15
Return on assets%
11.59
9.96
7.14
4.40
5.62
4.43
3.48
0.89
0.40
0.40
15.71
0.89
4.42
9
50.78
EPSRp
28.33
29.30
31.95
32.28
30.29
31.36
31.10
31.89
33.81
37.06
52.56
4.12%
3.46%
—
16.46
EPS growth%
14.66
16.61
18.00
18.22
15.27
12.38
9.58
11.78
12.59
13.79
2.99
12.38
14.23
54
79.58
Bookvalue per shRp
19.16
20.71
21.24
20.76
17.85
18.65
19.55
17.12
16.31
17.25
60.57
(0.68%)
(1.53%)
—
38.29
FCF per shareRp
54.47
55.49
58.86
64.38
58.16
55.37
57.15
62.70
63.25
57.23
121.29
(0.32%)
0.45%
—
109.89
Dividend per shRp
35.22
39.37
37.94
42.92
44.87
43.74
46.75
43.96
50.01
51.23
144.04
2.69%
5.11%
—
4.07
Div yield (avg)%
15.24
12.64
11.17
13.88
13.34
12.04
14.04
15.53
12.59
13.71
16.55
13.71
13.52
63
20.22
Payout ratio%
5.05
3.83
6.79
9.74
8.22
8.60
6.18
7.55
8.79
10.05
18.80
8.60
7.88
94
3.106
Shares (diluted)B
3.115
3.254
3.359
3.227
3.111
3.322
3.104
3.229
2.942
3.243
3.203
0.83%
(0.40%)
29
21.36
Buyback yield%
31.43
32.00
31.68
34.31
36.80
38.12
39.52
42.06
41.18
42.92
23.00
41.18
37.46
78
1.226
D/E ratiox
2.963
2.893
2.982
2.937
2.945
2.941
3.454
3.511
3.594
4.264
1.519
3.511
2.972
25
653.1
Enterprise valueRp B
685.9
746.6
702.3
767.2
798.1
849.3
799.0
829.4
745.9
689.5
727.8
(2.88%)
(1.28%)
9
370.7
LT debtRp B
1,223
1,326
1,441
1,353
1,522
1,583
1,636
1,605
1,844
2,103
634.0
6.67%
5.82%
36
Cost of revenue
9.05%
1.01×
Operating expenses
8.77%
0.98×
Goodwill & intangibles
18.40%
Cash and investments
17.95%
Spread over hurdle
(9.20%)