464.4
Revenue¥M
322.4
342.2
367.9
388.3
417.3
453.6
483.0
518.1
549.4
598.6
500.5
7.48%
7.26%
5
22.64
Revenue growth%
26.52
28.75
31.29
29.96
27.97
25.40
22.40
21.19
22.78
23.97
20.45
22.78
25.96
85
25.83
Gross margin%
18.27
19.82
22.17
24.92
23.56
25.79
27.25
27.35
26.23
23.27
20.45
26.23
24.24
41
8.99
Operating margin%
4.70
2.31
4.69
2.47
5.34
2.43
0.53
0.40
1.87
1.73
15.04
1.73
2.37
66
10.18
Net margin%
0.40
0.40
2.72
4.70
6.16
8.90
8.42
7.49
5.58
5.15
7.20
7.49
5.37
20
29.83
P/E ratio (avg)x
8.329
8.799
9.061
8.901
8.302
9.485
10.46
9.760
8.945
8.257
27.52
9.485
8.923
71
16.87
EV/EBITx
16.48
14.41
13.51
11.96
11.96
10.51
9.480
8.806
8.675
8.153
21.80
8.806
11.23
75
21.59
FCF yield (avg)%
18.62
19.41
18.57
18.44
21.15
21.14
21.25
19.66
19.07
18.66
22.10
19.66
19.24
51
23.72
FCF margin%
0.40
2.93
5.80
6.53
5.88
6.68
4.59
3.27
6.22
6.33
3.94
6.22
5.84
31
0.666
FCF / Net incomex
0.683
0.582
0.552
0.546
0.585
0.543
0.581
0.619
0.552
0.509
0.449
0.552
0.567
40
25.62
ROIC%
3.62
6.61
7.93
6.75
8.86
9.04
8.71
7.26
5.93
5.17
6.58
7.26
7.00
17
29.51
Return on equity%
11.89
11.74
11.73
11.03
12.12
12.57
13.50
15.43
14.89
16.13
19.37
14.89
12.35
12
16.65
Return on assets%
20.93
18.70
21.38
24.11
21.93
23.65
21.74
19.79
18.38
18.50
28.86
19.79
21.16
92
0.34
EPS¥
0.18
0.18
0.20
0.20
0.18
0.17
0.20
0.20
0.23
0.25
0.36
6.69%
3.14%
—
18.72
EPS growth%
11.52
9.17
10.57
10.27
8.64
10.84
10.77
8.08
5.28
5.62
6.89
8.08
9.72
44
0.44
Bookvalue per sh¥
0.11
0.11
0.12
0.12
0.11
0.11
0.10
0.09
0.10
0.09
0.60
(3.88%)
(3.31%)
—
0.66
FCF per share¥
0.15
0.16
0.14
0.14
0.13
0.14
0.13
0.13
0.14
0.14
0.10
0.97%
(2.75%)
—
0.62
Dividend per sh¥
0.15
0.15
0.16
0.18
0.16
0.16
0.18
0.20
0.22
0.24
0.29
8.27%
5.50%
—
22.48
Div yield (avg)%
20.22
21.96
20.47
22.83
25.72
27.34
29.16
31.48
28.72
28.64
9.73
28.72
26.53
30
22.31
Payout ratio%
25.20
26.30
27.90
29.29
30.38
29.20
29.94
28.93
27.96
25.05
4.79
28.93
28.44
57
320.4
Shares (diluted)M
215.8
183.1
185.0
173.3
152.5
144.8
138.6
134.8
117.9
126.0
322.0
(3.75%)
(6.78%)
38
18.85
Buyback yield%
22.77
24.94
22.29
20.01
17.92
15.49
15.56
13.79
11.67
13.75
14.55
13.79
16.74
17
1.362
D/E ratiox
0.858
0.935
0.826
0.900
0.934
0.991
0.946
0.925
1.008
1.088
1.360
0.991
0.935
79
744.5
Enterprise value¥M
346.0
384.8
394.5
454.2
507.7
546.8
535.9
547.7
636.1
659.9
668.7
5.39%
5.99%
30
749.8
LT debt¥M
478.7
512.6
494.6
498.7
529.5
625.7
678.6
690.1
769.8
784.3
164.8
8.17%
6.24%
31
Revenue
¥598.6M
7.26%
1.00×
Cost of revenue
¥419.0M
7.26%
1.00×
Operating expenses
¥110.4M
7.38%
1.01×
Goodwill & intangibles
18.78%
Property and equipment
18.15%
Cash and investments
14.66%
Spread over hurdle
(9.95%)