2.320
Revenue¥B
1.507
1.607
1.701
1.822
1.940
2.078
2.219
2.348
2.546
2.700
2.372
6.84%
6.68%
92
25.57
Revenue growth%
18.87
16.03
18.61
19.70
20.39
21.25
20.89
18.11
20.72
20.22
28.56
20.72
19.96
94
13.19
Gross margin%
24.44
23.33
24.45
24.50
25.69
22.94
23.85
20.90
23.36
24.49
24.15
23.36
24.14
13
12.40
Operating margin%
8.37
9.68
10.24
11.20
12.88
12.14
13.78
11.41
11.97
11.25
4.80
11.97
11.33
21
20.86
Net margin%
27.82
27.47
27.69
27.49
24.54
26.18
27.22
28.58
25.62
27.07
7.28
27.07
27.35
52
37.28
P/E ratio (avg)x
14.46
14.21
14.80
14.03
14.96
14.00
14.89
13.81
14.71
16.56
24.40
14.71
14.59
72
37.03
EV/EBITx
43.43
47.56
49.89
52.56
58.87
61.08
60.77
59.12
62.86
67.07
33.48
61.08
59.00
22
21.00
FCF yield (avg)%
17.41
16.79
18.30
19.78
18.91
21.81
19.48
16.49
18.18
19.80
19.63
19.48
18.61
91
24.35
FCF margin%
2.65
0.40
1.00
3.79
2.29
0.76
2.71
3.93
3.39
0.56
24.05
2.71
2.47
37
0.939
FCF / Net incomex
0.441
0.504
0.545
0.631
0.606
0.576
0.569
0.566
0.550
0.609
0.865
0.569
0.568
16
17.56
ROIC%
22.23
20.03
19.00
20.50
20.15
19.65
21.75
20.13
22.52
24.22
8.90
21.75
20.32
66
26.76
Return on equity%
23.23
22.99
24.61
22.91
23.08
20.76
23.74
23.97
26.38
25.54
2.90
23.97
23.48
76
12.70
Return on assets%
25.07
28.03
30.15
29.62
29.85
28.43
28.07
25.41
25.72
25.28
18.24
25.72
28.05
56
0.27
EPS¥
0.82
0.74
0.79
0.76
0.75
0.71
0.73
0.68
0.69
0.61
0.30
(4.10%)
(3.75%)
—
21.77
EPS growth%
16.17
17.41
17.85
15.32
15.36
13.34
13.32
13.67
15.16
15.15
18.85
13.67
15.24
20
0.38
Bookvalue per sh¥
0.49
0.49
0.51
0.55
0.51
0.57
0.57
0.64
0.71
0.79
0.94
8.90%
6.26%
—
0.26
FCF per share¥
1.24
1.23
1.34
1.53
1.55
1.69
1.96
2.03
2.14
2.48
0.95
9.81%
7.88%
—
0.93
Dividend per sh¥
0.36
0.39
0.42
0.48
0.47
0.46
0.51
0.50
0.54
0.58
0.36
4.32%
4.81%
—
19.02
Div yield (avg)%
21.38
20.89
18.48
16.23
15.91
16.36
15.34
17.46
18.22
19.31
15.94
17.46
17.84
11
20.44
Payout ratio%
17.94
16.11
18.86
20.17
21.99
24.09
22.06
19.23
16.55
16.39
18.87
19.23
19.04
93
2.045
Shares (diluted)B
2.442
2.852
3.209
3.103
3.256
3.580
3.614
4.119
4.182
4.398
2.033
6.19%
5.89%
17
29.74
Buyback yield%
0.40
2.48
2.55
1.32
1.59
0.40
0.40
0.40
1.61
1.92
22.12
0.40
1.46
66
0.927
D/E ratiox
0.507
0.479
0.512
0.526
0.495
0.513
0.556
0.559
0.631
0.585
0.630
0.559
0.520
23
0.720
Enterprise value¥B
4.083
4.273
4.513
5.090
4.928
5.207
5.954
6.117
6.526
7.028
1.672
7.36%
6.40%
48
1.956
LT debt¥B
2.101
2.228
2.511
2.908
3.172
3.359
3.167
3.108
3.456
3.374
1.889
1.24%
5.84%
68
Revenue
¥2.700B
6.68%
1.00×
Cost of revenue
¥1.647B
6.58%
0.99×
Operating expenses
¥571.0M
6.54%
0.99×
Cash and investments
16.67%
Spread over hurdle
(1.11%)