385.4
Revenue$M
223.5
237.8
259.2
288.2
313.1
333.0
365.3
395.4
424.2
455.5
425.1
7.78%
8.35%
56
7.26
Revenue growth%
18.36
19.30
21.50
21.02
21.70
21.97
22.07
19.37
17.81
16.40
2.64
19.37
20.19
84
4.66
Gross margin%
7.60
10.13
11.11
12.52
12.16
12.12
12.90
15.43
17.33
19.15
16.79
15.43
12.34
87
7.01
Operating margin%
26.45
28.98
26.73
27.61
24.88
23.61
23.52
26.40
27.23
26.32
28.86
26.32
26.42
43
27.63
Net margin%
27.21
26.91
24.52
22.07
24.00
22.18
20.78
19.78
16.87
19.83
21.78
19.83
22.12
5
21.74
P/E ratio (avg)x
15.84
16.06
13.77
14.68
14.99
15.35
15.80
14.34
13.49
14.12
13.06
14.34
14.84
42
19.47
EV/EBITx
28.40
29.48
32.06
35.40
36.78
35.52
38.54
35.33
35.72
38.73
18.53
35.72
35.46
32
16.45
FCF yield (avg)%
14.34
14.03
12.80
15.53
16.32
16.44
16.19
13.49
12.62
12.42
12.42
13.49
14.19
33
3.58
FCF margin%
1.55
0.42
0.40
0.40
1.43
2.64
0.68
0.40
3.30
0.42
29.62
0.68
0.55
7
1.761
FCF / Net incomex
1.609
1.959
2.010
2.225
2.325
2.500
2.712
3.237
3.522
3.539
0.853
3.237
2.413
46
2.46
ROIC%
18.21
18.51
18.83
17.13
18.42
20.09
21.97
23.06
20.42
21.77
8.64
21.77
19.46
38
5.71
Return on equity%
29.70
28.13
27.95
28.80
27.96
30.53
29.05
28.01
25.61
28.27
5.44
28.27
28.20
41
28.70
Return on assets%
30.85
33.47
33.33
33.47
30.80
31.44
32.13
32.71
29.80
31.27
7.99
31.44
31.78
87
3.41
EPS$
7.96
8.17
8.26
8.28
8.08
7.87
7.96
8.74
10.17
12.08
3.53
8.36%
4.82%
—
29.57
EPS growth%
8.10
7.13
9.93
12.76
14.24
12.20
12.97
14.01
16.65
15.83
5.46
14.01
12.86
50
4.33
Bookvalue per sh$
3.80
4.24
4.56
4.95
4.49
4.75
5.14
4.80
4.68
4.60
3.50
0.52%
0.88%
—
5.39
FCF per share$
10.00
10.51
10.54
12.01
13.56
15.30
16.05
17.13
16.99
20.49
3.33
8.60%
7.16%
—
3.42
Dividend per sh$
9.08
10.94
11.96
11.81
12.56
13.46
15.00
14.89
17.91
19.91
5.51
9.65%
9.46%
—
20.41
Div yield (avg)%
27.02
26.46
28.98
30.97
31.65
28.82
29.27
30.26
30.90
29.50
3.39
29.50
29.39
12
9.34
Payout ratio%
35.86
34.01
36.58
38.56
40.06
37.79
39.51
38.94
40.68
43.46
29.58
39.51
38.75
67
94.58
Shares (diluted)M
123.9
143.8
154.9
159.3
184.2
194.0
201.2
232.2
259.8
252.4
94.40
6.50%
7.28%
86
3.64
Buyback yield%
8.00
8.31
11.22
11.19
14.18
13.93
14.43
13.89
13.87
11.19
3.91
13.89
12.54
8
1.131
D/E ratiox
0.621
0.725
0.736
0.784
0.740
0.751
0.815
0.764
0.809
0.915
0.673
0.809
0.757
25
155.3
Enterprise value$M
551.2
561.2
594.1
664.6
711.5
653.5
700.4
767.8
868.3
971.9
285.1
6.44%
5.05%
23
60.42
LT debt$M
83.98
73.50
77.79
79.13
73.30
73.90
75.56
65.46
56.37
54.12
64.28
(5.89%)
(5.04%)
78
Revenue
$455.5M
8.35%
1.00×
Cost of revenue
$318.8M
8.35%
1.00×
Operating expenses
$77.84M
8.22%
0.99×
Cash and investments
23.11%
Goodwill & intangibles
12.99%
Spread over hurdle
(5.10%)