2.500
Revenue¥B
1.044
1.150
1.233
1.355
1.495
1.612
1.734
1.925
2.047
2.178
2.650
7.82%
8.56%
77
22.35
Revenue growth%
9.14
10.13
10.53
9.40
6.86
7.34
6.20
7.67
5.85
7.41
9.98
7.34
7.54
38
23.71
Gross margin%
16.61
17.77
16.84
16.84
14.87
15.53
16.27
17.29
15.30
12.55
15.00
15.53
16.44
33
19.31
Operating margin%
18.80
16.39
14.68
16.54
14.07
11.90
9.12
9.73
10.41
11.66
28.89
10.41
12.98
77
6.28
Net margin%
4.03
5.15
2.81
1.38
1.44
2.67
3.81
4.64
6.29
5.50
10.65
4.64
3.92
66
37.35
P/E ratio (avg)x
9.124
8.845
8.312
7.687
7.993
8.990
9.413
10.22
11.12
11.72
34.09
10.22
9.057
91
30.31
EV/EBITx
23.00
23.27
21.97
23.82
24.20
21.26
21.19
19.62
21.27
18.64
34.89
21.19
21.62
70
9.56
FCF yield (avg)%
25.45
22.70
21.24
23.87
23.15
23.94
22.44
22.24
24.02
26.29
19.06
23.94
23.51
93
15.85
FCF margin%
18.96
21.92
22.04
23.09
20.13
19.39
18.22
19.54
21.91
18.97
14.17
19.39
19.83
18
0.621
FCF / Net incomex
1.386
1.405
1.531
1.659
1.698
1.808
2.053
2.260
2.263
2.525
1.260
2.260
1.753
86
6.15
ROIC%
10.93
9.00
9.43
10.38
7.91
6.98
7.26
8.81
9.02
8.35
24.05
8.35
8.90
33
9.69
Return on equity%
0.66
0.40
0.40
0.40
0.40
1.53
1.09
1.70
1.19
2.71
23.20
1.53
0.88
70
17.37
Return on assets%
24.33
26.08
26.92
25.73
27.68
27.01
28.25
27.54
30.22
27.57
17.02
27.57
27.28
28
0.13
EPS¥
0.35
0.39
0.40
0.45
0.46
0.50
0.49
0.55
0.62
0.71
0.13
9.07%
8.85%
—
21.39
EPS growth%
20.54
23.39
21.71
20.29
17.43
14.52
16.63
13.71
13.61
12.48
5.95
13.71
17.03
95
0.25
Bookvalue per sh¥
0.24
0.24
0.22
0.23
0.22
0.22
0.21
0.22
0.24
0.24
0.31
2.12%
1.18%
—
0.23
FCF per share¥
0.19
0.21
0.20
0.21
0.23
0.23
0.26
0.28
0.27
0.25
0.22
1.96%
1.31%
—
0.29
Dividend per sh¥
0.27
0.30
0.30
0.34
0.41
0.47
0.53
0.62
0.75
0.87
0.06
16.38%
12.84%
—
9.75
Div yield (avg)%
9.90
10.29
11.76
12.15
14.55
14.01
15.75
17.48
16.86
17.66
8.30
16.86
14.28
84
26.40
Payout ratio%
5.39
3.90
2.06
0.84
2.95
1.15
0.40
0.40
2.51
0.40
11.02
0.40
1.61
11
3.854
Shares (diluted)B
3.092
2.826
2.847
2.819
3.017
2.699
2.493
2.660
2.656
2.654
3.823
(2.53%)
(2.80%)
6
12.50
Buyback yield%
3.32
4.22
2.74
0.60
0.40
0.57
3.53
1.52
0.40
0.40
26.99
0.57
1.06
38
1.140
D/E ratiox
0.611
0.631
0.623
0.704
0.710
0.795
0.882
0.987
1.119
1.099
0.853
0.987
0.752
52
1.453
Enterprise value¥B
2.036
2.209
2.359
2.673
2.998
3.455
3.315
3.690
4.078
4.031
1.384
6.10%
7.08%
67
0.817
LT debt¥B
3.539
3.715
4.020
4.699
5.079
5.273
5.704
6.715
6.846
6.964
0.246
6.52%
7.08%
25
Revenue
¥2.178B
8.56%
1.00×
Cost of revenue
¥1.525B
8.56%
1.00×
Operating expenses
¥331.9M
8.08%
0.96×
Cash and investments
17.55%
Spread over hurdle
(0.64%)