271.2
RevenueRp B
146.9
155.7
168.0
181.4
190.6
201.1
210.5
220.2
232.6
251.5
279.5
5.70%
6.00%
81
24.14
Revenue growth%
23.19
22.98
22.01
23.77
24.44
21.77
21.01
18.04
16.21
18.31
25.92
18.31
21.89
28
24.45
Gross margin%
5.25
6.77
9.09
10.97
8.58
7.20
6.92
4.02
2.26
3.29
29.98
4.02
6.85
56
27.58
Operating margin%
9.17
9.39
10.83
8.17
5.33
2.93
5.60
2.87
3.69
2.30
4.68
2.93
5.46
86
8.72
Net margin%
12.48
13.46
10.65
8.84
7.80
8.91
10.64
12.31
12.65
11.02
27.50
11.02
10.84
56
30.20
P/E ratio (avg)x
37.23
44.40
44.48
43.88
48.44
50.21
55.84
61.94
71.10
70.74
17.32
61.94
49.32
16
15.79
EV/EBITx
22.23
19.63
21.15
23.49
23.70
22.36
21.79
22.12
21.26
20.30
12.50
21.79
21.96
31
14.51
FCF yield (avg)%
22.94
25.00
23.15
24.89
23.24
21.51
19.30
21.27
23.19
23.53
19.11
21.51
23.17
93
17.63
FCF margin%
27.66
27.05
24.93
23.91
26.32
26.23
28.72
27.67
26.52
24.79
28.06
26.52
26.42
14
1.430
FCF / Net incomex
0.708
0.622
0.650
0.635
0.651
0.635
0.634
0.641
0.636
0.665
0.245
0.636
0.639
42
21.74
ROIC%
3.96
5.77
6.87
9.10
10.26
12.35
14.74
16.85
19.83
17.14
24.24
16.85
11.30
70
27.24
Return on equity%
9.45
10.35
11.77
10.64
13.51
14.04
13.27
15.94
16.20
13.76
18.26
14.04
13.39
81
15.50
Return on assets%
30.15
31.05
32.05
30.27
27.68
29.54
29.00
28.89
28.84
31.04
26.98
29.00
29.84
41
26.09
EPSRp
15.22
16.01
17.24
16.19
17.35
17.32
19.54
21.17
23.56
22.38
28.51
5.23%
3.27%
—
28.78
EPS growth%
6.64
6.16
8.86
10.33
7.36
7.82
6.88
9.45
9.00
6.46
28.68
7.82
7.59
23
26.73
Bookvalue per shRp
48.39
55.90
65.41
65.76
67.54
78.78
82.28
95.30
113.71
120.76
5.23
12.32%
10.72%
—
14.75
FCF per shareRp
24.74
22.98
21.79
23.50
20.96
19.89
18.14
19.77
17.98
16.03
14.88
(5.22%)
(3.56%)
—
29.15
Dividend per shRp
32.44
31.56
31.20
35.78
39.29
46.73
45.35
47.04
55.14
53.33
17.02
6.30%
6.37%
—
14.46
Div yield (avg)%
9.46
11.85
12.34
12.38
11.33
11.52
9.67
11.66
10.93
12.43
19.24
11.52
11.59
49
18.59
Payout ratio%
18.99
20.83
20.08
18.45
17.76
18.92
16.79
15.30
13.83
13.90
8.13
15.30
18.10
33
6.072
Shares (diluted)B
5.909
5.683
5.688
5.235
4.905
4.623
4.628
4.854
4.554
4.162
5.832
(3.23%)
(4.44%)
56
25.25
Buyback yield%
16.41
14.26
14.38
11.86
10.78
11.19
8.39
8.93
6.03
4.46
5.56
8.39
10.98
61
1.036
D/E ratiox
1.210
1.331
1.371
1.429
1.354
1.366
1.264
1.393
1.490
1.649
0.600
1.393
1.369
8
157.0
Enterprise valueRp B
137.1
133.1
130.7
114.9
119.5
108.9
99.60
108.1
108.1
98.00
304.9
(3.89%)
(4.26%)
91
26.64
LT debtRp B
302.7
301.5
321.9
368.2
362.3
404.7
404.1
415.5
401.7
451.8
312.3
4.52%
5.67%
9
Cost of revenue
5.75%
0.98×
Operating expenses
6.52%
1.05×
Cash and investments
15.47%
Spread over hurdle
(8.15%)