4,540
RevenueRp B
11,782
12,160
12,623
12,859
13,251
13,649
14,005
14,391
14,427
15,048
5,059
2.58%
2.77%
92
28.97
Revenue growth%
7.11
7.91
10.43
12.65
12.14
13.80
11.02
10.06
7.99
8.00
20.55
10.06
10.24
74
9.43
Gross margin%
21.63
24.52
26.41
25.49
25.58
23.40
24.45
23.20
23.48
21.38
23.54
23.40
23.97
89
3.61
Operating margin%
20.67
20.45
21.19
20.16
20.19
17.79
16.01
15.93
15.52
16.03
15.60
16.01
18.97
7
8.47
Net margin%
3.11
1.46
0.87
0.40
0.40
0.75
3.34
1.06
0.40
0.40
16.14
0.75
0.81
58
10.75
P/E ratio (avg)x
43.35
43.40
48.41
49.67
59.47
58.60
59.12
66.32
69.13
73.91
16.03
66.32
58.86
28
20.20
EV/EBITx
46.50
41.17
43.03
41.67
37.16
37.64
38.89
38.26
33.59
32.05
10.16
37.64
38.58
66
14.29
FCF yield (avg)%
0.40
0.40
2.74
1.80
0.40
1.37
0.40
0.40
2.77
1.33
18.72
1.33
0.87
50
6.91
FCF margin%
16.90
14.20
13.33
10.79
9.13
8.58
6.70
6.38
4.40
3.01
7.70
6.38
8.85
12
1.713
FCF / Net incomex
1.590
1.494
1.534
1.560
1.386
1.255
1.181
1.192
1.288
1.335
1.610
1.255
1.360
24
10.69
ROIC%
14.51
14.82
17.30
18.42
20.77
17.85
20.04
19.45
20.59
21.97
26.03
20.04
18.94
84
28.97
Return on equity%
11.68
14.46
14.79
12.61
12.85
10.24
8.93
6.67
5.00
5.62
7.20
6.67
10.96
58
19.54
Return on assets%
15.50
15.95
14.91
17.32
16.46
17.05
17.23
17.43
20.24
22.31
24.21
17.43
17.14
70
659.59
EPSRp
548.75
624.14
689.38
753.46
858.63
845.52
903.04
935.71
941.42
870.61
736.02
0.28%
5.61%
—
21.72
EPS growth%
15.46
13.24
11.97
10.94
11.96
10.71
11.72
12.31
13.39
10.60
28.09
11.72
11.97
40
132.60
Bookvalue per shRp
307.28
292.28
264.21
297.56
285.04
259.06
275.90
251.80
267.30
269.29
565.67
(1.13%)
(0.63%)
—
252.53
FCF per shareRp
685.63
670.31
733.15
710.45
691.02
678.71
674.68
767.47
723.21
829.55
325.89
3.72%
1.35%
—
544.55
Dividend per shRp
309.42
298.94
296.90
296.25
317.57
354.50
336.67
320.73
346.16
399.93
704.00
4.72%
2.02%
—
20.75
Div yield (avg)%
27.11
25.15
23.07
23.36
25.43
26.63
25.18
27.58
29.44
26.46
27.78
26.63
25.94
23
12.23
Payout ratio%
10.32
10.50
11.17
9.30
9.01
9.66
12.07
9.26
8.66
8.03
17.13
9.26
9.48
51
18.65
Shares (diluted)B
21.42
23.82
24.27
24.00
23.07
23.44
21.96
21.76
21.69
21.93
17.78
(1.01%)
(0.39%)
24
28.85
Buyback yield%
30.55
27.94
28.27
27.57
30.17
27.31
30.28
32.42
29.56
29.44
11.20
29.56
29.50
70
0.314
D/E ratiox
0.331
0.349
0.369
0.391
0.375
0.430
0.486
0.480
0.527
0.553
1.493
0.486
0.410
47
4,694
Enterprise valueRp B
7,466
8,103
7,187
6,788
6,734
7,290
6,768
7,497
7,848
8,274
3,182
4.20%
1.75%
29
5,826
LT debtRp B
6,741
5,908
6,009
5,671
4,986
5,280
5,290
5,176
4,550
4,850
5,704
(0.55%)
(3.81%)
63
Cost of revenue
2.66%
0.99×
Operating expenses
2.74%
1.00×
Cash and investments
17.57%
Spread over hurdle
68.76%