1,087
RevenueRp B
932.5
983.1
1,029
1,093
1,186
1,233
1,312
1,389
1,508
1,572
1,204
5.79%
6.25%
19
13.94
Revenue growth%
22.46
25.16
26.04
24.49
26.65
25.48
23.14
21.05
19.09
21.24
10.01
21.24
23.82
24
18.83
Gross margin%
17.71
20.04
20.10
18.27
17.12
19.90
20.71
21.27
23.08
20.82
26.62
20.82
20.07
40
12.81
Operating margin%
1.89
1.87
0.40
2.92
2.28
0.50
0.40
3.20
5.89
3.13
28.85
3.13
2.08
57
17.26
Net margin%
14.09
17.08
18.55
16.29
17.25
18.17
15.20
17.83
18.26
20.34
12.02
18.17
17.54
75
22.17
P/E ratio (avg)x
20.34
23.43
27.36
26.60
26.07
27.02
28.82
32.59
35.73
35.91
30.94
32.59
27.19
6
27.07
EV/EBITx
16.74
19.34
19.39
22.69
22.24
24.32
24.94
26.40
31.27
33.32
19.79
26.40
23.50
51
27.06
FCF yield (avg)%
4.44
2.07
2.63
1.02
3.15
0.92
0.40
2.80
2.77
2.15
17.12
2.15
2.39
58
10.09
FCF margin%
18.26
19.77
18.95
21.55
19.35
18.09
19.40
21.81
20.59
22.73
15.36
20.59
19.58
30
0.786
FCF / Net incomex
0.372
0.389
0.392
0.396
0.380
0.336
0.341
0.338
0.365
0.373
0.493
0.341
0.372
21
21.63
ROIC%
27.14
29.35
28.81
30.29
31.11
29.99
30.72
30.21
27.48
25.57
18.74
29.99
29.67
49
25.91
Return on equity%
4.02
5.58
6.28
5.00
4.76
2.23
3.30
0.71
3.50
5.01
22.47
3.30
4.39
24
12.76
Return on assets%
4.78
2.86
3.19
2.83
0.40
0.40
2.78
2.25
1.96
0.42
13.33
1.96
2.52
76
439.09
EPSRp
286.30
327.05
339.00
402.93
396.26
410.28
482.71
518.55
523.24
532.86
471.83
6.10%
8.29%
—
27.49
EPS growth%
4.69
5.77
5.75
6.24
3.71
4.34
2.48
2.58
0.45
0.40
23.80
2.48
4.02
71
929.02
Bookvalue per shRp
874.73
934.31
817.50
705.12
746.80
701.12
685.99
663.01
649.36
666.94
232.74
(2.24%)
(3.49%)
—
934.30
FCF per shareRp
1,118
1,108
1,163
1,136
1,304
1,330
1,496
1,409
1,588
1,697
975.63
5.41%
4.54%
—
601.76
Dividend per shRp
1,440
1,379
1,286
1,287
1,478
1,613
1,708
1,954
1,878
1,779
942.62
3.78%
3.49%
—
19.85
Div yield (avg)%
14.77
15.10
16.36
16.52
14.64
13.65
14.87
12.90
11.45
14.38
6.64
13.65
14.71
57
12.30
Payout ratio%
9.93
10.04
12.60
15.09
13.22
10.38
8.62
6.11
4.20
6.27
9.38
6.27
9.99
16
1.190
Shares (diluted)B
1.463
1.441
1.627
1.641
1.625
1.902
1.846
2.142
2.215
2.309
1.224
7.27%
4.18%
69
28.52
Buyback yield%
16.46
17.24
17.03
17.31
18.27
20.07
18.16
15.84
16.72
18.38
17.79
18.16
17.27
21
0.319
D/E ratiox
0.229
0.229
0.246
0.286
0.309
0.358
0.419
0.417
0.413
0.413
0.722
0.413
0.333
32
320.2
Enterprise valueRp B
386.2
378.3
351.1
305.4
303.5
321.5
277.2
251.0
266.9
251.3
315.3
(3.71%)
(5.43%)
77
126.7
LT debtRp B
1,615
1,934
2,333
2,499
2,996
3,598
4,281
5,138
5,055
5,083
1,140
11.15%
12.47%
41
Cost of revenue
6.25%
1.00×
Operating expenses
6.77%
1.05×
Property and equipment
16.30%
Goodwill & intangibles
15.56%
Spread over hurdle
(7.33%)