1,176
RevenueRp B
1,084
1,144
1,226
1,318
1,396
1,491
1,573
1,665
1,824
1,931
1,277
6.71%
6.65%
81
16.09
Revenue growth%
29.61
28.45
27.92
27.11
29.30
26.91
28.38
28.51
26.01
28.32
28.33
28.32
28.35
37
23.14
Gross margin%
5.97
3.86
6.02
7.33
8.56
11.47
13.71
13.35
12.78
10.62
23.31
12.78
9.59
28
29.26
Operating margin%
11.92
13.98
12.46
11.69
11.48
10.03
11.45
12.00
14.06
14.55
23.77
12.00
11.96
36
22.80
Net margin%
19.32
17.90
20.66
18.24
19.83
18.42
19.21
17.13
18.20
16.70
16.82
18.20
18.33
82
19.60
P/E ratio (avg)x
48.04
56.69
64.72
68.77
71.48
72.46
81.38
91.08
91.48
108.2
34.87
91.08
71.97
10
34.65
EV/EBITx
27.39
28.33
28.05
29.15
28.53
28.54
32.03
31.60
32.59
32.71
29.47
32.03
28.84
68
21.35
FCF yield (avg)%
0.40
0.77
1.15
0.40
0.40
3.34
5.88
5.95
4.40
6.09
7.54
5.88
2.25
39
24.53
FCF margin%
12.01
14.28
17.05
14.45
15.68
17.70
16.41
16.22
17.71
16.01
2.83
16.41
16.12
48
1.260
FCF / Net incomex
1.849
2.093
2.227
2.118
2.137
2.415
2.768
2.729
2.898
2.939
0.414
2.768
2.321
12
3.38
ROIC%
9.31
8.94
10.91
11.76
11.60
14.43
15.12
13.52
10.79
8.86
9.92
13.52
11.25
28
8.02
Return on equity%
32.88
30.98
31.00
32.54
34.03
33.20
34.10
32.22
29.35
28.44
17.83
32.22
32.38
7
10.19
Return on assets%
25.68
28.24
27.36
26.73
23.94
22.90
20.37
17.81
20.61
17.92
25.87
20.37
23.42
36
67.64
EPSRp
220.96
245.21
290.18
329.45
395.01
431.17
501.71
517.32
535.21
611.26
71.64
9.12%
11.95%
—
9.38
EPS growth%
0.40
0.40
0.40
1.65
2.12
1.15
2.41
0.40
0.40
0.40
18.69
0.40
0.40
37
105.78
Bookvalue per shRp
31.33
32.93
32.49
35.89
32.97
35.69
37.65
37.46
36.44
35.74
92.83
1.62%
0.61%
—
165.23
FCF per shareRp
154.15
150.13
141.27
133.53
132.92
149.43
153.30
149.21
152.30
163.11
34.95
4.18%
1.84%
—
112.86
Dividend per shRp
51.71
53.22
50.30
53.50
52.17
56.31
53.69
50.94
48.38
52.89
144.73
0.28%
0.91%
—
7.09
Div yield (avg)%
33.35
31.89
32.26
32.13
34.17
37.05
38.66
37.37
37.98
39.41
17.32
37.98
35.61
6
11.19
Payout ratio%
23.83
20.85
19.66
20.03
22.44
19.85
18.38
15.72
17.45
19.13
11.68
18.38
19.76
37
7.857
Shares (diluted)B
5.751
5.003
4.387
4.525
4.339
4.522
4.761
4.135
3.722
4.011
7.882
(1.56%)
(5.00%)
46
12.51
Buyback yield%
10.36
11.83
11.15
8.71
7.86
6.70
3.97
3.65
3.85
4.11
18.95
3.97
7.28
89
0.110
D/E ratiox
0.997
1.088
1.171
1.248
1.203
1.151
1.357
1.347
1.414
1.389
0.860
1.357
1.225
21
1,406
Enterprise valueRp B
2,020
2,183
2,115
1,926
1,997
2,046
2,212
2,245
2,449
2,547
1,347
4.99%
3.62%
65
1,367
LT debtRp B
856.2
855.6
807.1
874.3
941.7
859.1
888.7
958.2
943.7
1,061
1,021
2.42%
3.29%
43
Cost of revenue
6.35%
0.97×
Operating expenses
7.43%
1.08×
Spread over hurdle
(1.18%)