2.003
Revenue¥B
1.185
1.257
1.344
1.465
1.566
1.693
1.773
1.938
2.035
2.191
2.115
6.95%
7.23%
60
29.10
Revenue growth%
26.42
26.48
28.48
29.68
26.89
25.96
23.73
22.13
21.22
22.51
29.22
22.51
26.19
71
7.64
Gross margin%
22.40
23.89
24.02
23.01
25.88
23.90
25.33
23.56
20.70
22.95
24.51
23.56
23.73
32
13.98
Operating margin%
25.53
23.75
21.31
22.12
20.32
19.33
19.80
19.05
21.02
18.17
10.10
19.33
20.67
70
15.11
Net margin%
13.77
11.87
13.85
13.85
16.11
17.47
17.01
17.95
19.78
19.28
6.64
17.95
16.56
47
9.366
P/E ratio (avg)x
27.40
28.78
29.86
32.15
29.91
28.84
28.69
27.60
25.56
23.35
10.28
27.60
28.74
89
12.94
EV/EBITx
35.00
34.36
30.24
28.26
27.52
27.02
29.00
26.52
29.26
27.20
9.130
27.20
28.63
59
4.35
FCF yield (avg)%
20.51
18.24
19.95
17.87
19.33
19.51
17.83
17.81
15.46
12.70
4.19
17.81
18.06
52
6.77
FCF margin%
25.41
26.29
25.28
23.18
21.04
23.28
21.22
23.42
22.49
20.44
14.90
22.49
23.23
93
0.243
FCF / Net incomex
1.856
2.014
2.042
2.286
2.389
2.432
2.604
2.809
2.914
2.785
0.902
2.785
2.410
74
16.58
ROIC%
27.59
25.55
26.23
25.64
27.76
25.91
28.21
30.83
32.56
33.22
18.99
30.83
27.68
12
26.32
Return on equity%
20.55
18.38
20.82
18.80
20.07
22.06
24.39
26.49
29.33
27.06
25.49
26.49
21.44
43
9.85
Return on assets%
4.16
5.21
6.75
9.53
11.43
10.28
9.51
9.83
8.23
9.10
9.73
9.51
9.30
14
5.24
EPS¥
10.61
10.33
12.52
12.88
13.55
15.21
15.85
16.86
19.69
19.25
5.44
7.28%
7.86%
—
24.43
EPS growth%
23.80
25.42
28.32
29.85
27.24
25.50
26.94
29.30
30.73
28.28
4.97
28.28
27.76
94
5.61
Bookvalue per sh¥
2.96
2.91
3.32
3.47
3.37
3.69
3.61
4.25
4.95
4.88
6.32
7.68%
4.80%
—
6.33
FCF per share¥
1.97
1.81
2.02
2.04
2.30
2.37
2.64
2.58
2.94
3.25
2.70
7.13%
4.45%
—
2.81
Dividend per sh¥
5.46
5.96
5.98
6.31
6.49
6.55
5.80
5.19
5.35
5.57
2.68
(3.01%)
(1.02%)
—
14.29
Div yield (avg)%
8.33
9.16
10.42
13.17
14.03
13.74
16.73
14.94
13.34
12.55
8.39
13.74
13.26
91
10.77
Payout ratio%
8.96
8.82
11.78
14.75
12.80
15.44
17.67
20.22
18.81
21.13
6.85
18.81
15.09
14
121.1
Shares (diluted)M
169.8
198.8
232.4
252.2
259.4
267.8
308.2
296.6
285.8
289.6
122.1
2.22%
5.22%
66
29.97
Buyback yield%
22.46
22.30
22.55
21.69
20.42
20.61
20.81
22.95
20.43
19.77
6.44
20.61
21.25
11
1.192
D/E ratiox
0.324
0.338
0.378
0.390
0.412
0.481
0.551
0.524
0.575
0.553
0.917
0.551
0.447
80
1.192
Enterprise value¥B
1.032
1.039
1.112
1.085
1.153
1.258
1.423
1.489
1.511
1.721
0.996
8.33%
6.42%
95
0.343
LT debt¥B
2.019
2.011
2.193
2.323
2.424
2.498
2.508
2.735
2.696
2.867
1.080
3.42%
2.83%
32
Revenue
¥2.191B
7.23%
1.00×
Cost of revenue
¥1.534B
7.23%
1.00×
Operating expenses
¥406.7M
6.34%
0.92×
Property and equipment
15.62%
Spread over hurdle
(6.00%)