0.336
Revenue¥B
1.110
1.170
1.261
1.345
1.425
1.493
1.592
1.700
1.814
1.935
0.343
6.31%
6.35%
40
3.16
Revenue growth%
31.45
31.30
32.56
29.80
27.95
28.74
29.69
26.83
28.10
25.86
24.72
28.10
29.21
22
22.66
Gross margin%
20.57
21.44
19.15
16.90
17.65
20.21
20.35
19.69
17.16
15.40
17.26
19.69
19.42
84
15.40
Operating margin%
3.88
4.92
7.78
7.93
5.69
6.51
6.56
4.59
6.25
5.99
27.00
6.25
6.12
84
7.32
Net margin%
14.54
16.84
14.96
16.41
17.41
14.46
16.71
16.14
16.14
18.83
14.22
16.14
16.28
94
21.39
P/E ratio (avg)x
27.88
31.04
33.02
37.88
41.91
46.39
50.98
50.33
53.90
60.91
37.52
50.98
44.15
43
23.09
EV/EBITx
7.893
7.121
7.268
7.589
7.539
7.971
8.691
8.207
7.441
7.843
12.48
7.971
7.716
46
27.33
FCF yield (avg)%
18.23
18.36
16.48
18.89
17.47
16.98
14.04
13.31
13.87
16.67
12.25
14.04
16.83
24
22.57
FCF margin%
22.36
21.58
19.87
21.28
22.60
21.05
22.65
21.28
18.81
16.12
24.35
21.05
21.28
27
1.214
FCF / Net incomex
0.247
0.265
0.281
0.282
0.278
0.319
0.322
0.335
0.316
0.310
1.513
0.319
0.296
92
19.58
ROIC%
27.20
29.70
28.76
27.51
25.06
27.37
27.71
27.23
25.98
26.74
23.89
27.23
27.30
53
20.65
Return on equity%
15.33
13.68
14.90
14.97
16.39
18.94
16.67
15.12
14.31
15.56
28.45
15.56
15.23
73
10.72
Return on assets%
23.01
21.38
19.84
21.74
20.74
22.21
23.21
23.35
21.26
19.28
20.66
22.21
21.56
30
0.36
EPS¥
1.65
1.90
1.83
1.98
2.22
2.53
2.34
2.54
2.39
2.34
0.37
1.07%
4.82%
—
13.40
EPS growth%
23.48
25.60
25.97
25.19
22.82
22.75
21.85
22.34
21.38
22.62
29.03
22.34
22.79
73
0.96
Bookvalue per sh¥
1.16
1.15
1.34
1.37
1.37
1.41
1.62
1.59
1.63
1.63
0.37
3.60%
4.39%
—
0.26
FCF per share¥
0.69
0.66
0.58
0.51
0.56
0.56
0.62
0.65
0.66
0.72
1.18
5.06%
(0.33%)
—
1.24
Dividend per sh¥
0.37
0.45
0.45
0.47
0.56
0.62
0.71
0.70
0.83
0.93
0.33
10.66%
9.46%
—
6.17
Div yield (avg)%
14.93
12.03
10.51
13.29
11.99
11.74
10.11
11.09
14.07
11.61
8.03
11.61
11.87
72
7.69
Payout ratio%
20.33
18.97
20.23
20.77
20.56
19.74
21.81
24.73
27.15
30.12
26.06
24.73
20.66
19
523.5
Shares (diluted)M
563.1
638.0
683.0
777.8
725.9
749.6
833.3
875.9
878.6
807.0
529.5
2.14%
3.38%
29
21.49
Buyback yield%
10.96
9.31
8.95
9.50
10.34
7.81
6.08
4.47
4.19
4.47
26.40
4.47
8.38
89
0.534
D/E ratiox
1.683
1.730
1.969
2.106
2.376
2.536
2.940
2.867
2.855
2.936
0.959
2.867
2.456
35
0.228
Enterprise value¥B
1.137
1.218
1.197
1.273
1.283
1.476
1.635
1.888
1.872
1.849
0.530
7.57%
6.35%
95
0.387
LT debt¥B
1.523
1.405
1.441
1.454
1.478
1.536
1.632
1.764
1.913
2.070
1.042
6.97%
3.66%
30
Revenue
¥1.935B
6.35%
1.00×
Cost of revenue
¥1.354B
6.35%
1.00×
Operating expenses
¥388.8M
5.84%
0.95×
Cash and investments
17.61%
Spread over hurdle
(5.00%)