1.329
Revenue¥B
1.785
1.867
1.959
2.041
2.126
2.229
2.408
2.592
2.685
2.791
1.437
5.60%
5.02%
12
26.56
Revenue growth%
19.14
20.32
21.96
22.63
22.94
21.26
21.00
23.86
25.71
26.32
27.55
23.86
22.30
30
4.82
Gross margin%
13.99
14.50
16.01
18.06
15.79
13.66
14.23
15.71
17.94
18.08
4.81
15.71
15.75
46
3.58
Operating margin%
13.94
14.73
16.89
18.29
20.16
20.49
20.09
17.56
18.55
18.83
10.71
18.83
18.42
86
20.91
Net margin%
8.09
9.14
11.62
12.36
14.17
15.24
12.31
15.00
16.97
15.68
5.77
15.24
13.26
85
29.75
P/E ratio (avg)x
24.20
26.75
30.22
33.73
32.48
33.06
31.72
32.59
35.65
41.67
11.31
33.06
32.54
94
32.36
EV/EBITx
25.04
25.04
27.19
32.08
37.58
37.55
40.20
42.70
42.22
43.51
14.21
42.22
37.56
31
13.98
FCF yield (avg)%
10.72
9.51
11.17
10.46
11.03
11.33
10.37
8.81
10.45
8.81
24.15
10.37
10.46
43
10.42
FCF margin%
1.55
4.46
6.09
8.05
9.61
11.56
13.90
13.19
14.89
12.83
13.58
13.19
10.59
15
1.093
FCF / Net incomex
0.278
0.281
0.274
0.264
0.261
0.281
0.293
0.301
0.262
0.237
1.473
0.281
0.276
12
21.00
ROIC%
22.31
20.92
21.79
20.46
18.07
16.33
14.44
12.88
15.14
15.07
25.85
15.07
17.20
67
7.96
Return on equity%
4.24
6.35
6.40
6.69
6.55
8.91
11.50
8.97
6.22
8.62
4.63
8.91
6.62
62
18.83
Return on assets%
6.78
4.82
2.18
2.65
0.40
0.40
2.52
1.78
0.40
2.73
19.48
1.78
2.35
79
0.63
EPS¥
2.93
3.27
3.43
3.08
2.80
2.94
3.03
3.07
2.78
2.90
0.69
0.72%
0.90%
—
20.93
EPS growth%
6.36
5.88
5.20
5.52
6.65
9.07
6.52
5.35
7.43
6.00
25.21
6.52
6.18
84
0.71
Bookvalue per sh¥
2.70
3.08
3.26
3.42
3.32
3.40
3.89
3.87
3.80
3.81
1.25
2.79%
4.20%
—
0.66
FCF per share¥
0.62
0.64
0.64
0.66
0.70
0.78
0.90
0.88
0.97
1.03
1.00
8.07%
6.62%
—
1.16
Dividend per sh¥
1.97
2.05
2.34
2.62
2.70
2.90
3.48
4.08
4.32
5.14
1.31
13.80%
10.85%
—
9.46
Div yield (avg)%
3.94
6.59
5.47
8.11
8.94
9.44
10.15
11.74
8.89
8.53
5.69
9.44
8.71
63
22.38
Payout ratio%
19.35
16.56
16.81
17.12
16.75
16.21
16.97
16.14
18.89
19.88
3.40
16.97
16.89
47
750.4
Shares (diluted)M
599.1
662.9
640.8
681.3
641.2
722.6
709.9
632.9
597.4
603.9
732.8
(1.19%)
(0.25%)
55
8.32
Buyback yield%
16.32
18.67
16.30
14.63
13.42
14.18
12.00
11.82
13.27
13.27
29.09
13.27
13.80
24
1.288
D/E ratiox
0.402
0.441
0.422
0.434
0.476
0.512
0.481
0.552
0.550
0.516
0.437
0.516
0.478
30
1.990
Enterprise value¥B
1.553
1.722
1.771
1.826
2.040
2.423
2.477
2.780
2.887
3.403
1.990
10.78%
9.10%
32
2.337
LT debt¥B
1.998
1.921
2.069
2.216
2.077
2.298
2.382
2.687
2.894
2.934
0.210
7.15%
3.29%
30
Revenue
¥2.791B
5.02%
1.00×
Cost of revenue
¥1.954B
5.02%
1.00×
Operating expenses
¥535.4M
5.23%
1.02×
Cash and investments
17.25%
Goodwill & intangibles
15.18%
Spread over hurdle
(0.88%)