1,596
RevenueRp B
1,364
1,437
1,522
1,632
1,685
1,794
1,902
1,956
2,084
2,235
1,722
5.81%
5.76%
42
27.49
Revenue growth%
16.96
15.31
18.02
15.51
12.68
13.91
16.89
18.11
18.49
18.31
6.60
18.11
16.92
59
14.66
Gross margin%
20.60
22.45
20.33
19.55
22.29
21.27
21.91
21.34
22.19
22.25
12.03
21.91
21.62
30
24.75
Operating margin%
24.26
21.47
22.95
21.20
23.89
23.84
25.56
27.37
26.99
24.73
15.91
25.56
24.08
95
4.39
Net margin%
22.80
20.50
19.87
17.18
15.94
18.77
15.99
14.02
16.67
16.66
27.77
16.66
16.92
93
32.28
P/E ratio (avg)x
11.81
14.13
15.59
18.21
18.15
18.25
22.01
24.73
24.61
28.22
33.17
24.61
18.23
20
12.07
EV/EBITx
22.71
22.37
21.99
25.52
26.69
30.20
35.15
34.54
39.46
44.91
18.73
35.15
28.44
20
10.25
FCF yield (avg)%
14.43
11.72
11.64
9.22
10.62
10.88
11.24
13.65
13.01
10.18
15.18
11.24
11.44
75
7.69
FCF margin%
17.96
15.54
16.36
16.58
19.02
17.98
16.96
14.18
13.62
12.30
22.63
14.18
16.47
12
0.306
FCF / Net incomex
0.761
0.830
0.749
0.814
0.867
0.856
0.797
0.826
0.771
0.763
1.504
0.797
0.805
20
20.72
ROIC%
16.83
19.61
19.33
20.61
23.10
20.70
23.45
25.07
24.43
22.47
15.79
23.45
21.59
42
5.07
Return on equity%
8.03
9.21
8.57
10.68
10.22
7.96
10.18
10.42
7.82
4.95
26.59
7.96
8.89
9
14.10
Return on assets%
14.77
16.25
15.86
16.40
15.39
13.09
12.31
14.41
17.12
16.86
26.22
14.41
15.62
70
85.77
EPSRp
38.82
44.40
46.63
49.50
53.30
53.26
57.08
61.38
61.28
61.11
87.54
2.77%
5.40%
—
14.79
EPS growth%
26.25
28.39
30.02
32.85
34.00
33.82
32.93
33.19
31.89
33.32
7.79
33.19
32.89
19
61.03
Bookvalue per shRp
21.54
24.21
26.79
24.81
28.21
27.71
26.30
27.86
29.51
26.88
47.11
(0.96%)
2.53%
—
61.27
FCF per shareRp
28.26
30.58
26.27
25.99
25.21
23.73
24.78
22.28
24.42
22.33
43.77
(2.40%)
(2.89%)
—
12.62
Dividend per shRp
129.09
128.97
128.78
132.68
140.52
139.87
147.38
154.77
150.73
174.00
45.12
4.37%
4.16%
—
8.82
Div yield (avg)%
16.32
18.94
18.55
18.80
19.55
17.54
18.99
20.75
18.90
21.55
20.59
18.99
18.92
26
13.01
Payout ratio%
23.71
21.15
19.15
21.74
24.38
26.14
24.35
23.78
22.06
24.65
17.86
24.35
23.75
66
15.72
Shares (diluted)B
12.18
11.53
12.66
12.24
12.29
12.87
13.95
13.94
14.08
13.11
15.84
1.30%
(0.41%)
58
27.62
Buyback yield%
3.48
1.27
3.25
1.84
2.80
1.36
1.59
4.23
4.73
2.30
26.39
2.30
2.55
82
0.957
D/E ratiox
0.244
0.288
0.308
0.326
0.319
0.323
0.358
0.390
0.417
0.416
0.304
0.390
0.325
33
490.9
Enterprise valueRp B
1,443
1,586
1,618
1,717
1,937
2,221
2,518
2,968
2,872
3,370
614.9
11.71%
9.25%
88
2,450
LT debtRp B
2,475
2,944
3,228
3,396
3,350
3,647
4,277
4,838
4,798
5,015
427.3
8.40%
8.20%
21
Cost of revenue
5.46%
0.97×
Operating expenses
5.98%
1.02×
Property and equipment
16.61%
Spread over hurdle
(5.04%)