1.598
Revenue¥B
1.636
1.737
1.863
2.016
2.150
2.306
2.430
2.584
2.819
3.081
1.725
7.46%
7.06%
84
7.37
Revenue growth%
25.52
27.43
27.84
30.77
29.63
29.46
31.75
30.97
31.55
30.24
12.62
30.97
29.93
33
12.59
Gross margin%
5.21
3.90
3.31
3.12
6.05
5.63
8.15
11.14
11.88
13.98
8.92
11.14
5.84
77
2.27
Operating margin%
18.48
21.40
22.08
23.60
23.64
26.13
26.43
26.77
27.76
28.85
4.66
26.77
24.88
58
22.31
Net margin%
20.53
21.50
19.65
18.74
20.03
20.02
17.60
20.32
20.21
20.82
22.00
20.21
20.12
25
20.74
P/E ratio (avg)x
10.40
10.59
10.36
10.40
11.25
11.24
10.48
10.73
10.19
10.58
21.08
10.58
10.53
88
31.35
EV/EBITx
29.95
35.52
38.14
39.58
40.88
39.57
45.78
53.65
57.73
63.61
33.12
53.65
40.23
91
9.86
FCF yield (avg)%
17.34
19.07
21.25
20.09
21.95
19.26
19.37
21.26
23.57
25.96
23.21
21.26
20.67
5
23.62
FCF margin%
4.67
4.04
4.98
2.76
3.47
2.55
0.40
1.47
1.01
0.40
19.15
1.01
2.65
32
0.287
FCF / Net incomex
0.684
0.677
0.607
0.560
0.581
0.552
0.588
0.604
0.576
0.499
1.537
0.576
0.584
54
2.68
ROIC%
30.07
32.28
32.51
32.82
32.91
35.16
33.02
30.99
33.36
30.49
20.59
33.02
32.67
62
22.34
Return on equity%
19.66
21.86
18.89
17.23
15.55
17.06
19.15
19.34
19.73
22.37
16.22
19.34
19.25
17
20.99
Return on assets%
18.77
19.65
19.28
20.20
22.76
22.60
22.50
24.24
24.98
26.63
9.25
24.24
22.55
51
0.31
EPS¥
0.27
0.26
0.26
0.28
0.27
0.29
0.32
0.33
0.33
0.30
0.33
2.15%
1.74%
—
8.40
EPS growth%
18.50
15.94
17.80
17.28
19.48
20.32
18.51
21.43
23.75
23.96
4.41
21.43
18.99
39
0.14
Bookvalue per sh¥
0.06
0.06
0.05
0.05
0.05
0.05
0.04
0.05
0.04
0.05
0.11
(1.98%)
(1.08%)
—
0.05
FCF per share¥
0.48
0.49
0.53
0.60
0.57
0.56
0.64
0.62
0.65
0.68
0.32
3.68%
3.00%
—
0.24
Dividend per sh¥
0.29
0.31
0.30
0.28
0.30
0.32
0.30
0.31
0.32
0.34
0.21
2.64%
1.09%
—
15.18
Div yield (avg)%
25.45
27.70
25.49
23.31
23.25
22.88
21.78
21.29
19.87
19.06
8.62
21.29
23.07
5
12.15
Payout ratio%
1.73
4.04
1.82
1.85
0.40
0.40
1.57
0.40
2.96
5.17
7.13
1.57
1.77
27
8.016
Shares (diluted)B
8.028
8.070
8.859
9.936
10.86
11.48
12.83
14.18
13.09
12.48
8.139
2.83%
3.93%
95
14.80
Buyback yield%
10.45
12.89
14.41
13.17
13.03
11.07
12.89
13.96
12.10
9.81
17.90
12.10
12.89
28
0.289
D/E ratiox
0.860
0.756
0.767
0.740
0.771
0.685
0.609
0.537
0.523
0.552
0.423
0.552
0.713
36
2.924
Enterprise value¥B
2.241
2.523
2.992
3.047
3.022
3.292
3.428
3.260
3.841
4.312
2.782
7.37%
7.86%
11
0.433
LT debt¥B
4.631
5.403
5.637
6.201
6.389
7.274
7.600
8.149
8.915
9.526
3.071
8.32%
9.10%
6
Revenue
¥3.081B
7.06%
1.00×
Cost of revenue
¥1.646B
7.32%
1.02×
Operating expenses
¥741.2M
6.97%
0.99×
Spread over hurdle
(0.75%)