2.100
Revenue¥B
1.426
1.545
1.694
1.803
1.975
2.084
2.286
2.466
2.635
2.881
2.189
7.84%
7.93%
15
16.54
Revenue growth%
8.70
10.73
9.70
7.46
6.17
5.93
8.57
10.89
13.69
12.50
14.74
10.89
9.20
76
10.76
Gross margin%
28.72
31.52
30.34
31.24
31.64
30.72
32.53
30.83
32.75
32.19
12.32
32.19
31.38
64
3.53
Operating margin%
11.30
12.63
14.66
12.11
11.52
12.38
12.59
14.85
13.81
14.47
9.23
13.81
12.61
11
19.97
Net margin%
12.62
9.85
10.68
9.50
12.08
9.18
7.26
4.74
2.85
2.07
21.29
4.74
9.34
55
30.67
P/E ratio (avg)x
34.44
35.65
35.73
35.76
38.98
42.42
41.67
37.59
34.20
32.47
19.38
37.59
35.74
56
33.65
EV/EBITx
51.85
59.46
68.53
70.34
73.07
86.72
101.7
99.43
113.8
132.2
23.53
101.7
79.90
87
20.32
FCF yield (avg)%
5.88
5.52
8.51
10.36
11.17
11.99
11.77
13.33
14.43
13.34
20.56
13.33
11.47
54
15.52
FCF margin%
18.32
16.99
17.89
17.59
18.80
19.95
21.69
22.83
25.67
28.00
9.61
22.83
19.38
18
0.734
FCF / Net incomex
0.970
0.914
1.012
0.937
1.049
1.045
1.186
1.127
1.183
1.208
0.326
1.183
1.047
91
10.02
ROIC%
7.90
10.02
10.63
12.10
9.79
9.26
11.16
12.27
9.89
10.32
14.19
10.32
10.17
92
25.23
Return on equity%
17.68
16.71
15.73
17.65
14.94
15.76
16.57
15.47
14.29
13.52
22.44
15.47
15.75
57
16.45
Return on assets%
17.45
15.43
18.33
15.87
16.20
15.72
14.53
16.51
19.08
17.20
19.65
16.51
16.35
59
3.73
EPS¥
1.47
1.41
1.51
1.54
1.50
1.58
1.58
1.67
1.81
1.73
3.95
2.79%
0.93%
—
5.00
EPS growth%
8.08
8.22
9.62
11.01
12.91
10.61
10.10
9.13
7.65
6.21
9.57
9.13
9.37
51
4.00
Bookvalue per sh¥
2.21
2.05
2.01
2.06
2.20
2.03
2.10
2.25
2.02
2.13
1.78
(0.66%)
(1.76%)
—
3.03
FCF per share¥
5.24
6.08
7.05
6.96
7.04
6.93
7.22
8.10
7.93
8.86
2.46
4.71%
5.74%
—
4.94
Dividend per sh¥
1.49
1.47
1.76
1.71
1.91
2.27
2.18
2.32
2.39
2.34
1.54
4.16%
4.25%
—
14.78
Div yield (avg)%
19.34
19.13
19.71
21.98
20.27
21.35
20.21
18.88
17.94
20.21
12.42
20.21
19.96
35
3.23
Payout ratio%
4.77
3.96
1.82
0.67
0.40
0.40
0.40
2.33
1.95
3.79
5.59
1.95
1.88
24
309.5
Shares (diluted)M
369.3
426.3
487.1
541.9
566.0
570.5
669.9
650.6
670.1
775.8
321.3
6.51%
8.75%
22
11.72
Buyback yield%
13.61
12.88
13.59
15.69
17.17
18.40
21.19
23.15
25.63
26.12
16.03
23.15
17.79
27
1.108
D/E ratiox
0.810
0.819
0.857
0.798
0.840
0.884
0.777
0.829
0.914
0.884
0.861
0.884
0.834
18
0.253
Enterprise value¥B
3.093
2.947
2.853
3.203
3.498
3.431
3.341
3.464
3.357
3.284
1.410
(1.25%)
0.96%
38
1,357
LT debt¥M
302.4
318.3
302.7
314.3
291.7
332.2
317.7
299.8
328.2
346.2
811.3
3.49%
0.81%
82
Revenue
¥2.881B
7.93%
1.00×
Cost of revenue
¥1.820B
7.99%
1.01×
Operating expenses
¥577.1M
7.63%
0.97×
Goodwill & intangibles
17.19%
Cash and investments
15.58%
Spread over hurdle
(4.35%)