109.5
Revenue¥M
121.1
133.2
144.1
155.6
167.4
177.6
196.5
210.5
224.7
240.2
122.2
7.50%
7.81%
9
20.92
Revenue growth%
22.56
24.23
26.90
25.78
28.57
29.61
31.39
32.71
32.80
30.89
6.16
31.39
29.09
35
15.39
Gross margin%
23.28
22.36
21.12
18.97
16.93
16.66
18.68
19.37
21.55
18.84
16.01
18.84
19.17
39
15.06
Operating margin%
34.02
32.57
30.35
27.44
29.49
31.02
31.92
31.12
28.13
28.51
29.16
31.02
30.69
59
28.25
Net margin%
24.86
27.45
25.50
24.50
23.64
25.81
28.14
29.70
28.28
30.19
3.74
28.28
26.63
24
22.63
P/E ratio (avg)x
12.63
13.26
14.49
14.16
15.05
15.27
14.38
14.54
16.38
15.46
25.17
15.27
14.51
63
21.16
EV/EBITx
9.484
9.493
9.738
8.750
9.325
10.51
11.22
10.09
9.642
9.993
30.92
10.09
9.690
34
14.72
FCF yield (avg)%
8.36
8.56
7.97
5.55
6.17
8.43
6.04
5.33
6.76
8.11
5.40
6.76
7.36
66
27.34
FCF margin%
4.50
2.15
0.40
0.40
0.40
0.40
0.40
0.40
0.40
1.32
5.56
0.40
0.40
60
1.592
FCF / Net incomex
0.697
0.703
0.727
0.714
0.796
0.807
0.836
0.951
0.943
0.956
1.546
0.943
0.801
54
18.73
ROIC%
11.38
9.61
6.88
9.39
10.63
13.40
15.37
15.62
17.88
18.96
4.30
15.62
12.39
36
8.95
Return on equity%
20.88
22.62
21.36
19.26
18.57
17.86
17.24
14.84
11.93
12.32
27.39
14.84
18.21
87
25.52
Return on assets%
22.80
23.20
24.77
23.31
23.90
25.98
25.99
24.45
22.10
19.27
23.90
24.45
23.61
5
0.34
EPS¥
0.11
0.10
0.10
0.09
0.09
0.09
0.09
0.09
0.09
0.08
0.37
(0.81%)
(3.06%)
—
12.89
EPS growth%
5.36
8.26
8.85
10.13
10.26
7.66
5.56
4.74
4.61
3.66
14.12
4.74
6.61
12
0.21
Bookvalue per sh¥
0.11
0.11
0.12
0.11
0.12
0.13
0.15
0.17
0.17
0.20
0.46
10.60%
5.97%
—
0.47
FCF per share¥
0.42
0.46
0.48
0.50
0.43
0.47
0.45
0.40
0.41
0.36
0.38
(3.42%)
(0.43%)
—
0.09
Dividend per sh¥
0.13
0.13
0.13
0.15
0.15
0.16
0.19
0.20
0.20
0.22
0.54
7.20%
5.71%
—
17.00
Div yield (avg)%
7.09
5.74
7.06
6.77
4.64
2.52
0.40
0.40
2.28
3.17
21.73
2.28
3.90
67
24.47
Payout ratio%
23.57
22.20
19.72
20.20
18.35
18.44
21.17
18.77
20.38
18.98
16.15
18.98
19.96
40
390.8
Shares (diluted)M
458.5
495.8
564.3
611.4
570.8
573.6
649.3
636.0
663.1
652.5
381.7
2.71%
3.64%
71
16.09
Buyback yield%
24.64
24.69
27.51
25.72
26.31
25.00
24.44
21.46
20.58
23.48
5.66
23.48
24.66
43
1.121
D/E ratiox
0.394
0.434
0.393
0.417
0.407
0.387
0.376
0.419
0.478
0.532
1.657
0.419
0.412
19
303.1
Enterprise value¥M
214.5
206.6
215.8
233.7
279.7
292.6
335.3
369.6
374.0
426.8
42.24
8.82%
7.02%
59
225.5
LT debt¥M
106.7
108.4
103.7
113.6
127.4
131.7
125.3
123.4
126.4
138.3
28.15
1.66%
3.09%
11
Revenue
¥240.2M
7.81%
1.00×
Cost of revenue
¥162.1M
7.76%
1.00×
Operating expenses
¥42.84M
7.94%
1.01×
Cash and investments
17.04%
Spread over hurdle
(2.53%)