1.035
Revenue¥B
0.606
0.639
0.680
0.719
0.769
0.799
0.834
0.887
0.923
0.993
1.099
5.25%
5.55%
82
15.67
Revenue growth%
33.81
35.68
34.31
32.99
33.62
34.11
35.85
33.00
35.82
34.45
22.25
34.45
34.21
69
3.82
Gross margin%
5.92
4.98
4.90
2.58
0.40
2.97
0.56
1.38
0.40
0.40
7.33
0.56
1.98
16
12.61
Operating margin%
33.63
33.00
32.30
32.38
33.74
36.56
35.56
37.09
38.24
36.26
4.40
36.56
34.65
67
4.45
Net margin%
19.27
21.43
22.23
23.14
23.53
24.09
26.81
24.10
21.23
20.41
7.31
24.09
22.69
14
18.58
P/E ratio (avg)x
29.95
28.76
31.64
34.88
38.26
34.20
29.98
27.05
27.45
25.41
35.02
27.45
29.97
14
13.80
EV/EBITx
24.27
23.49
25.35
27.71
29.03
27.52
26.50
24.29
25.14
27.74
36.19
26.50
25.93
77
8.64
FCF yield (avg)%
28.43
29.57
27.15
25.70
23.15
25.86
26.89
29.60
28.26
28.92
23.02
28.26
27.70
64
12.65
FCF margin%
24.09
21.44
20.25
18.60
21.32
23.33
22.72
20.95
18.82
17.14
9.74
20.95
21.13
50
1.202
FCF / Net incomex
1.414
1.558
1.687
1.646
1.636
1.752
1.626
1.731
1.744
1.882
0.770
1.744
1.667
41
21.20
ROIC%
6.83
7.82
6.70
8.71
8.10
6.20
3.74
2.01
4.16
3.81
6.78
3.81
6.45
88
14.93
Return on equity%
26.58
28.79
30.21
31.06
33.72
31.08
28.50
28.49
31.35
31.99
18.28
31.08
30.63
14
20.87
Return on assets%
17.30
15.04
15.58
16.05
18.25
17.91
17.46
15.34
14.89
15.16
10.92
15.34
15.81
47
1.31
EPS¥
0.42
0.42
0.41
0.40
0.39
0.44
0.50
0.56
0.63
0.69
1.40
12.33%
4.77%
—
21.31
EPS growth%
10.45
13.26
13.25
13.80
14.22
16.85
15.54
14.98
14.34
14.78
21.45
14.98
14.28
53
0.97
Bookvalue per sh¥
1.35
1.45
1.41
1.42
1.62
1.78
2.04
2.25
2.35
2.52
1.44
9.16%
6.43%
—
0.91
FCF per share¥
1.98
2.22
2.39
2.80
3.27
3.34
4.04
4.08
4.47
4.75
1.43
7.74%
10.92%
—
0.21
Dividend per sh¥
1.89
2.12
2.34
2.18
2.14
2.11
2.13
2.40
2.56
2.49
1.52
3.04%
3.92%
—
15.80
Div yield (avg)%
28.48
26.68
26.03
25.04
22.39
19.93
22.79
21.16
19.01
16.86
18.54
19.93
22.59
76
25.97
Payout ratio%
5.28
4.06
3.48
3.37
2.13
2.02
2.05
1.70
4.32
6.42
23.28
2.05
3.43
48
498.2
Shares (diluted)M
267.0
230.0
233.9
242.0
220.0
193.6
164.3
163.3
174.8
179.0
483.5
(4.04%)
(5.50%)
68
22.82
Buyback yield%
14.31
14.86
12.94
13.11
11.36
14.03
13.02
10.58
12.78
14.38
11.42
13.02
13.07
34
0.157
D/E ratiox
1.245
1.313
1.270
1.464
1.693
1.736
1.717
1.653
1.898
1.866
0.383
1.736
1.673
48
1.084
Enterprise value¥B
0.926
0.903
1.027
1.155
1.291
1.455
1.634
1.837
1.863
2.052
0.578
9.71%
8.57%
56
1,239
LT debt¥M
603.7
541.0
547.0
496.3
509.7
507.3
535.1
560.0
472.8
491.0
188.6
(0.75%)
(3.56%)
77
Revenue
¥992.6M
5.55%
1.00×
Cost of revenue
¥410.2M
5.06%
0.95×
Operating expenses
¥255.8M
5.77%
1.02×
Property and equipment
17.37%
Cash and investments
15.24%
Return on capital
176.31%
Spread over hurdle
172.59%