1,312
RevenueRp B
1,062
1,107
1,161
1,197
1,246
1,324
1,403
1,496
1,592
1,685
1,388
6.22%
4.99%
76
2.50
Revenue growth%
18.13
15.38
15.61
17.07
17.96
18.07
16.35
18.28
18.83
16.95
5.51
18.07
17.52
87
27.91
Gross margin%
7.31
7.01
9.03
6.36
7.73
10.61
11.35
13.60
14.12
16.70
2.22
13.60
9.82
71
9.38
Operating margin%
33.27
30.63
32.90
33.21
32.44
34.00
35.18
35.14
32.90
32.08
18.09
34.00
33.06
89
19.31
Net margin%
8.64
9.00
10.66
9.97
7.25
4.58
5.73
6.46
5.79
8.32
26.99
5.79
7.78
84
23.71
P/E ratio (avg)x
19.27
20.51
19.68
20.10
21.90
21.53
23.64
24.47
26.26
27.97
34.13
24.47
21.72
75
23.97
EV/EBITx
25.87
26.08
28.68
29.93
33.19
35.67
33.89
30.76
27.66
26.22
7.792
30.76
29.31
52
6.06
FCF yield (avg)%
23.62
22.26
22.65
19.95
22.69
20.48
22.54
22.28
20.26
17.30
13.17
20.48
22.27
79
21.76
FCF margin%
23.30
24.24
24.94
26.97
28.95
27.42
24.43
22.99
22.23
23.86
8.97
23.86
24.33
93
1.368
FCF / Net incomex
1.411
1.406
1.335
1.386
1.420
1.322
1.426
1.497
1.596
1.394
1.168
1.426
1.409
94
15.44
ROIC%
22.13
24.98
24.23
22.87
24.28
26.60
28.47
30.20
28.43
26.65
16.03
28.43
25.79
68
16.49
Return on equity%
15.45
13.73
12.63
12.07
12.69
10.60
8.95
8.13
10.77
12.83
10.00
10.60
12.35
75
5.83
Return on assets%
23.11
20.94
23.02
25.45
22.51
19.98
20.65
17.76
14.87
14.69
6.53
17.76
20.79
21
89.19
EPSRp
227.90
231.50
240.52
220.94
224.53
226.17
198.01
204.97
209.57
194.40
96.50
(2.84%)
(1.70%)
—
25.95
EPS growth%
16.97
14.78
16.65
16.43
13.50
10.74
13.42
10.62
10.86
10.72
14.11
10.74
13.46
84
317.72
Bookvalue per shRp
255.61
286.13
291.80
334.81
336.04
371.19
406.57
457.41
477.52
559.26
227.57
10.72%
7.85%
—
334.98
FCF per shareRp
245.42
276.93
267.13
295.74
275.26
293.33
293.58
324.32
346.52
338.64
232.53
4.23%
3.79%
—
91.22
Dividend per shRp
168.21
191.81
212.94
246.29
284.55
342.84
358.32
399.45
443.52
535.32
121.12
13.47%
14.07%
—
4.70
Div yield (avg)%
4.53
7.31
7.00
5.75
3.21
4.99
7.27
5.23
8.01
7.45
2.60
7.27
6.37
20
16.21
Payout ratio%
33.65
35.19
34.93
34.00
31.79
31.24
33.51
30.55
28.77
31.34
8.86
31.24
32.65
87
3.524
Shares (diluted)B
2.393
2.246
2.318
2.260
2.007
1.736
1.878
1.633
1.742
1.732
3.570
(2.90%)
(3.54%)
16
9.99
Buyback yield%
31.22
33.08
31.52
30.67
29.19
26.72
25.20
24.64
26.01
28.29
21.33
26.01
28.74
9
0.568
D/E ratiox
0.373
0.432
0.462
0.496
0.481
0.563
0.533
0.559
0.636
0.732
1.429
0.563
0.515
15
1,203
Enterprise valueRp B
1,245
1,371
1,351
1,420
1,447
1,437
1,498
1,628
1,583
1,750
1,331
3.87%
4.14%
21
1,244
LT debtRp B
1,216
1,266
1,318
1,209
1,112
1,011
1,030
999.4
963.9
924.3
1,595
(3.63%)
(3.11%)
16
Cost of revenue
5.24%
1.02×
Operating expenses
4.87%
0.99×
Property and equipment
18.34%
Cash and investments
16.56%
Spread over hurdle
(1.98%)