196.3
Revenue¥M
333.1
358.8
378.2
391.6
410.8
431.2
449.6
478.0
514.8
538.2
206.3
5.55%
5.52%
19
23.38
Revenue growth%
6.59
8.90
11.88
13.88
15.37
15.46
15.80
14.83
12.97
14.04
5.78
14.83
13.96
89
18.27
Gross margin%
34.26
35.24
33.28
30.60
32.26
31.33
32.49
33.63
36.37
35.13
28.07
33.63
33.46
20
23.45
Operating margin%
31.36
31.57
29.22
26.44
26.30
23.30
23.03
25.94
25.76
25.24
10.37
25.24
26.12
40
13.48
Net margin%
16.21
16.33
14.98
12.82
13.07
13.52
16.21
16.27
14.80
14.96
4.70
14.96
14.97
59
25.24
P/E ratio (avg)x
52.48
58.36
57.43
59.42
60.08
56.68
64.57
64.43
60.72
62.81
23.78
62.81
59.75
9
23.00
EV/EBITx
10.73
10.53
10.53
10.85
11.83
13.16
12.79
13.03
13.31
12.87
33.32
13.03
12.31
73
28.23
FCF yield (avg)%
9.45
7.59
7.73
8.66
6.89
7.43
8.85
7.77
6.66
8.03
7.64
7.77
7.75
11
27.58
FCF margin%
16.27
16.27
17.24
16.64
14.30
15.16
17.08
19.78
18.37
18.13
4.17
18.13
16.86
66
1.170
FCF / Net incomex
0.392
0.446
0.445
0.475
0.454
0.476
0.551
0.600
0.599
0.671
0.738
0.599
0.476
67
12.25
ROIC%
18.95
18.21
17.04
14.36
15.21
14.00
12.99
12.79
10.28
11.11
27.56
12.79
14.18
10
19.75
Return on equity%
25.92
27.63
26.03
24.92
23.36
20.81
20.09
22.15
20.33
20.23
8.44
20.33
22.76
10
15.29
Return on assets%
27.16
30.13
27.62
24.86
24.34
24.69
22.15
21.14
23.76
23.38
26.51
23.38
24.52
85
0.73
EPS¥
0.26
0.26
0.30
0.36
0.40
0.47
0.46
0.55
0.65
0.64
0.76
9.81%
9.62%
—
8.70
EPS growth%
4.05
3.95
4.17
2.41
5.26
3.92
3.58
5.89
6.97
9.01
25.72
5.89
4.11
50
0.43
Bookvalue per sh¥
0.75
0.73
0.68
0.63
0.71
0.66
0.75
0.82
0.91
0.93
0.24
5.56%
2.30%
—
0.95
FCF per share¥
1.12
1.16
1.18
1.25
1.28
1.51
1.58
1.89
2.11
2.54
0.58
14.63%
10.35%
—
0.31
Dividend per sh¥
0.27
0.27
0.28
0.26
0.24
0.22
0.20
0.21
0.19
0.20
0.49
(4.10%)
(4.37%)
—
14.52
Div yield (avg)%
5.29
5.38
7.17
8.48
10.21
8.85
8.89
9.53
7.16
8.42
3.04
8.85
8.45
88
24.08
Payout ratio%
9.31
10.73
8.61
9.85
12.26
11.98
10.59
9.06
7.19
7.10
24.31
9.06
9.58
22
505.7
Shares (diluted)M
525.8
570.7
606.6
536.6
591.7
602.4
657.4
728.9
660.3
637.7
515.4
1.51%
1.74%
91
21.22
Buyback yield%
30.39
29.68
26.81
25.70
26.84
28.18
26.72
27.48
30.03
32.10
19.90
28.18
27.83
61
1.766
D/E ratiox
0.450
0.503
0.544
0.650
0.680
0.813
0.880
0.927
0.988
1.179
0.633
0.927
0.747
40
176.0
Enterprise value¥M
278.3
262.5
252.1
232.0
234.3
241.5
231.0
208.0
228.2
236.4
244.4
0.17%
(1.38%)
59
284.1
LT debt¥M
524.1
520.5
555.0
573.3
591.7
659.4
716.4
752.6
762.8
723.6
525.4
4.11%
4.85%
80
Revenue
¥538.2M
5.52%
1.00×
Cost of revenue
¥376.7M
5.52%
1.00×
Operating expenses
¥109.4M
5.34%
0.98×
Property and equipment
19.51%
Spread over hurdle
(1.79%)