0.624
Revenue$B
0.897
0.961
1.030
1.096
1.200
1.284
1.408
1.529
1.624
1.711
0.646
7.36%
7.54%
91
16.14
Revenue growth%
27.44
27.68
30.53
30.57
32.20
30.88
33.88
34.39
33.39
31.22
6.82
33.39
31.05
24
12.68
Gross margin%
19.00
20.06
18.13
16.57
14.25
16.09
15.96
17.80
20.11
18.02
6.29
17.80
17.91
30
4.53
Operating margin%
22.82
23.27
22.07
21.26
19.21
18.14
16.40
13.47
10.73
8.12
22.56
13.47
18.67
37
11.15
Net margin%
14.67
14.48
14.29
11.46
11.94
13.07
12.49
10.99
12.64
14.85
4.38
12.64
12.86
50
17.28
P/E ratio (avg)x
43.42
40.04
42.18
38.37
36.29
39.36
44.27
48.02
51.84
49.32
36.43
48.02
42.80
95
18.88
EV/EBITx
24.38
23.42
23.01
25.08
24.03
24.99
28.73
26.70
26.49
25.97
30.64
26.49
25.04
56
22.91
FCF yield (avg)%
16.88
17.82
15.19
14.08
14.99
15.48
15.86
17.73
20.56
17.66
15.32
17.66
16.37
37
27.19
FCF margin%
17.42
16.07
19.03
16.81
18.70
18.31
19.75
21.65
23.24
23.10
5.03
21.65
18.86
64
0.393
FCF / Net incomex
1.694
1.940
2.211
2.437
2.393
2.463
2.837
2.895
2.790
3.114
0.260
2.837
2.450
48
14.96
ROIC%
4.70
4.64
3.64
3.57
5.62
4.05
1.66
2.13
1.22
3.35
7.43
2.13
3.61
74
2.86
Return on equity%
29.08
30.70
27.89
25.94
27.48
25.20
25.97
27.62
27.92
28.50
21.42
27.62
27.75
85
6.11
Return on assets%
4.82
4.92
6.71
5.48
6.91
8.38
8.42
8.16
8.90
6.06
7.20
8.38
6.81
41
11.38
EPS$
15.01
17.22
17.07
17.17
17.66
18.43
18.05
21.25
24.06
28.49
11.88
10.03%
8.57%
—
24.49
EPS growth%
32.91
32.41
33.68
35.60
36.48
33.84
31.78
31.81
34.20
32.07
8.16
32.07
33.30
72
2.23
Bookvalue per sh$
2.36
2.12
1.89
1.74
1.56
1.52
1.63
1.67
1.79
1.78
8.36
2.66%
(2.31%)
—
7.76
FCF per share$
9.87
10.11
10.65
12.03
12.60
12.74
13.80
16.17
15.20
17.56
14.29
6.86%
6.04%
—
10.98
Dividend per sh$
7.15
7.66
8.30
8.46
9.23
8.84
8.48
7.59
7.49
7.19
2.73
(4.86%)
(0.31%)
—
15.77
Div yield (avg)%
19.46
18.11
18.10
17.38
18.99
17.13
18.06
17.40
18.97
16.57
5.48
17.40
18.08
36
8.65
Payout ratio%
20.75
20.31
21.23
18.49
16.29
18.25
18.03
15.28
15.32
15.97
7.90
15.97
18.14
83
41.10
Shares (diluted)M
52.79
54.71
53.82
63.35
72.85
86.20
98.97
101.1
115.8
121.7
42.01
10.81%
8.81%
67
14.10
Buyback yield%
35.39
36.33
37.07
37.37
40.01
37.55
37.95
34.96
36.91
37.92
7.37
37.55
37.22
11
0.859
D/E ratiox
0.723
0.844
0.898
1.014
1.015
1.181
1.261
1.320
1.558
1.621
1.750
1.320
1.098
43
1,214
Enterprise value$M
454.0
497.6
552.4
582.0
565.8
630.4
744.7
714.7
823.2
794.0
306.4
7.01%
5.90%
48
0.698
LT debt$B
1.244
1.387
1.393
1.415
1.535
1.760
1.698
1.689
1.997
2.288
0.529
8.31%
6.84%
70
Revenue
$1.711B
7.54%
1.00×
Cost of revenue
$1.154B
7.24%
0.97×
Operating expenses
$310.9M
8.12%
1.05×
Cash and investments
17.76%
Property and equipment
16.17%
Spread over hurdle
(0.77%)