337.5
RevenueRp B
473.3
500.8
535.7
588.6
644.3
708.5
761.0
822.3
905.1
962.2
347.4
8.35%
8.39%
11
21.25
Revenue growth%
25.53
26.15
25.11
27.05
29.85
29.03
27.05
27.28
26.61
24.24
14.92
27.05
26.83
25
25.68
Gross margin%
6.36
8.74
5.98
8.76
6.44
4.29
5.96
5.26
4.31
5.62
24.45
5.26
5.97
47
25.00
Operating margin%
20.60
19.53
22.04
19.45
18.96
21.80
19.53
20.97
18.99
20.36
7.85
20.36
19.95
83
17.11
Net margin%
22.24
21.01
20.96
21.55
22.39
21.60
20.41
20.92
19.57
17.63
19.35
20.41
20.98
35
26.25
P/E ratio (avg)x
11.85
12.91
13.05
13.62
13.93
13.66
14.08
12.94
11.25
11.47
31.09
12.94
12.99
56
22.71
EV/EBITx
16.78
15.65
14.04
14.51
13.00
14.33
13.92
12.81
12.71
11.32
18.90
12.81
13.98
89
8.92
FCF yield (avg)%
18.75
21.38
19.82
22.32
23.83
24.81
26.56
28.44
27.14
24.17
19.64
26.56
24.00
63
18.67
FCF margin%
30.23
29.84
30.91
30.14
32.08
32.55
34.72
34.64
32.94
33.56
2.47
33.56
32.32
12
0.720
FCF / Net incomex
1.427
1.385
1.636
1.812
2.138
2.338
2.566
2.687
2.843
2.757
1.034
2.687
2.238
54
21.47
ROIC%
7.46
6.15
7.08
7.22
7.91
8.86
8.44
9.27
8.32
11.15
18.59
8.86
8.11
43
2.47
Return on equity%
32.14
30.83
30.15
27.37
26.07
28.95
28.74
29.18
29.49
29.79
12.96
29.18
29.34
53
19.25
Return on assets%
5.14
8.05
8.28
7.66
7.30
7.98
5.07
2.37
2.88
2.75
2.06
2.88
6.22
44
529.66
EPSRp
510.36
531.41
593.91
685.89
736.44
718.26
683.62
682.00
776.34
772.69
553.65
0.97%
3.91%
—
3.81
EPS growth%
16.13
18.42
18.41
20.62
22.26
22.10
23.46
21.62
22.03
23.39
24.97
22.10
21.82
57
247.42
Bookvalue per shRp
864.77
993.08
1,064
1,133
1,276
1,347
1,563
1,845
1,958
1,967
890.31
9.05%
8.71%
—
374.51
FCF per shareRp
382.18
370.12
419.01
432.66
471.18
472.58
481.96
444.92
425.23
483.43
344.24
0.51%
2.19%
—
910.24
Dividend per shRp
204.32
206.94
243.18
270.97
294.94
291.79
300.36
331.97
348.63
335.34
511.52
2.60%
5.92%
—
10.14
Div yield (avg)%
21.53
20.62
18.90
17.26
15.81
14.30
15.21
15.81
16.22
16.53
21.91
15.81
16.37
81
20.06
Payout ratio%
28.26
25.38
27.71
28.08
31.07
30.51
29.22
28.34
28.72
28.22
9.11
28.72
28.30
25
0.441
Shares (diluted)B
0.917
0.980
0.983
0.962
1.145
1.360
1.623
1.755
1.918
1.855
0.429
10.15%
8.79%
66
22.43
Buyback yield%
25.52
23.66
23.79
22.50
22.62
22.17
24.33
21.96
23.57
22.07
9.97
22.17
23.09
53
0.304
D/E ratiox
1.313
1.311
1.318
1.414
1.298
1.357
1.261
1.069
1.098
1.008
0.627
1.098
1.305
94
234.3
Enterprise valueRp B
562.7
586.3
638.5
702.6
791.5
846.0
787.8
792.5
840.8
903.4
641.4
2.68%
4.19%
27
745.1
LT debtRp B
768.1
810.1
884.1
822.8
760.5
876.5
888.5
1,004
1,159
1,097
1,011
7.60%
4.52%
9
Cost of revenue
8.24%
0.99×
Operating expenses
8.77%
1.04×
Cash and investments
15.43%
Spread over hurdle
(4.94%)