60.61
RevenueRp B
103.2
106.3
110.4
113.0
118.0
125.3
128.4
131.3
135.0
140.1
64.95
3.50%
3.26%
39
26.72
Revenue growth%
0.40
0.90
0.91
1.34
2.74
2.46
4.36
5.15
6.97
7.96
26.05
5.15
2.60
80
6.19
Gross margin%
5.51
3.91
4.22
6.09
3.32
4.82
5.54
7.91
6.66
5.31
12.09
5.54
5.41
90
13.74
Operating margin%
21.15
22.09
20.32
18.90
18.44
20.51
18.72
16.66
16.79
15.41
10.08
16.79
18.81
87
19.19
Net margin%
5.36
6.15
7.98
7.34
4.39
6.62
8.44
8.04
5.35
3.42
13.34
6.62
6.39
33
9.312
P/E ratio (avg)x
10.56
9.445
10.20
10.96
10.96
11.35
12.06
10.76
10.67
10.98
7.343
10.98
10.86
73
29.97
EV/EBITx
44.12
49.80
56.98
57.50
64.90
76.52
84.25
96.79
111.5
118.3
11.09
96.79
70.71
66
8.96
FCF yield (avg)%
29.90
28.48
30.33
30.94
28.54
25.98
23.61
22.36
20.52
23.12
11.61
23.12
27.23
15
2.15
FCF margin%
6.33
5.28
5.98
4.47
7.19
7.05
4.32
6.41
6.12
5.04
17.44
6.12
6.05
6
0.223
FCF / Net incomex
1.171
1.093
1.162
1.312
1.458
1.591
1.567
1.737
1.615
1.757
0.323
1.615
1.513
10
15.47
ROIC%
22.03
20.46
19.48
21.90
20.10
17.86
18.78
17.41
17.95
20.46
22.55
17.95
19.79
18
16.89
Return on equity%
26.43
29.38
29.62
29.99
30.81
30.24
32.34
35.09
32.41
35.34
9.53
32.41
30.53
91
19.10
Return on assets%
22.76
20.20
19.31
18.37
18.69
21.06
18.88
18.39
18.09
16.71
14.62
18.39
18.78
82
2.19
EPSRp
3.18
3.16
3.61
3.79
3.72
3.66
4.18
4.80
5.24
5.50
2.24
8.10%
7.29%
—
7.85
EPS growth%
29.61
29.98
28.70
27.56
28.03
26.25
28.27
29.30
28.42
29.53
29.57
28.42
28.56
71
8.86
Bookvalue per shRp
7.63
8.75
8.82
10.50
11.71
12.18
12.34
14.56
14.56
14.53
11.11
4.41%
8.44%
—
3.14
FCF per shareRp
12.89
11.07
10.71
9.85
9.02
8.65
9.31
8.08
7.17
6.72
3.93
(5.72%)
(5.96%)
—
3.66
Dividend per shRp
11.33
11.43
12.93
14.01
13.31
12.73
14.08
14.60
14.36
15.76
8.09
3.44%
3.70%
—
16.67
Div yield (avg)%
13.17
12.12
14.64
14.30
13.10
14.75
13.75
16.34
17.14
19.45
15.66
16.34
14.47
76
19.26
Payout ratio%
19.79
19.45
21.78
21.94
23.99
23.02
25.70
27.72
25.79
25.05
24.72
25.70
23.50
7
3.341
Shares (diluted)B
3.540
3.237
2.937
2.668
2.628
2.483
2.136
1.836
1.928
1.684
3.322
(8.51%)
(6.93%)
72
9.94
Buyback yield%
5.17
4.19
6.03
6.80
8.12
9.48
11.96
13.44
11.74
9.83
13.88
11.74
8.80
76
0.328
D/E ratiox
1.542
1.543
1.609
1.811
1.728
1.967
2.059
1.900
1.847
1.976
0.658
1.967
1.829
53
17.13
Enterprise valueRp B
126.9
115.2
122.0
119.3
110.7
123.5
111.7
121.7
134.0
139.3
18.60
4.70%
1.46%
78
86.50
LT debtRp B
38.38
36.65
32.65
31.95
29.67
27.51
29.56
29.46
25.24
25.99
123.4
(2.61%)
(4.40%)
10
Cost of revenue
3.26%
1.00×
Operating expenses
3.73%
1.05×
Property and equipment
15.44%
Goodwill & intangibles
15.03%
Spread over hurdle
(5.73%)