2.876
Revenue¥B
2.065
2.109
2.134
2.197
2.225
2.267
2.327
2.406
2.398
2.471
2.940
2.12%
2.21%
5
12.79
Revenue growth%
16.19
18.84
20.41
18.68
16.68
18.14
17.49
18.25
17.70
15.57
9.89
17.70
17.92
26
4.86
Gross margin%
28.52
29.92
28.64
30.84
27.98
29.57
31.31
31.05
32.30
30.95
5.92
31.05
30.38
9
5.23
Operating margin%
6.71
7.78
6.79
5.29
4.90
4.27
5.63
7.92
5.33
7.03
8.61
5.63
6.17
23
28.80
Net margin%
33.57
36.35
36.47
33.84
34.45
35.86
37.97
37.33
35.65
38.14
18.52
37.33
36.10
15
32.63
P/E ratio (avg)x
45.82
47.27
43.01
46.40
50.09
54.65
55.87
57.42
63.93
63.38
21.08
57.42
52.37
11
12.53
EV/EBITx
15.68
17.61
17.32
19.66
20.04
22.89
21.24
20.73
19.41
18.18
28.87
20.73
19.54
85
6.32
FCF yield (avg)%
10.15
7.26
5.72
7.48
5.44
6.67
5.87
6.21
4.25
4.99
16.00
5.87
6.04
56
3.37
FCF margin%
9.69
7.34
10.19
10.11
8.49
6.85
6.35
6.62
7.09
6.09
25.61
6.62
7.22
80
0.542
FCF / Net incomex
0.234
0.224
0.242
0.270
0.263
0.249
0.270
0.287
0.270
0.296
1.716
0.270
0.266
67
15.94
ROIC%
22.17
21.59
20.27
19.21
21.22
21.15
20.02
17.92
17.19
17.12
16.44
17.92
20.15
83
16.35
Return on equity%
17.89
15.74
13.55
13.03
13.73
14.51
14.50
12.03
13.18
11.13
18.35
13.18
13.64
26
27.83
Return on assets%
29.07
28.59
29.98
27.98
25.30
26.11
27.54
26.81
25.30
26.33
22.45
26.33
27.17
89
1.08
EPS¥
2.80
3.16
3.35
3.33
3.87
3.87
3.95
4.21
4.49
4.64
1.20
3.70%
4.92%
—
12.42
EPS growth%
27.37
27.75
25.73
23.20
23.00
24.94
26.11
27.38
28.94
31.90
19.74
27.38
26.74
23
0.99
Bookvalue per sh¥
0.34
0.34
0.38
0.44
0.49
0.57
0.59
0.62
0.68
0.68
1.19
6.61%
6.44%
—
2.18
FCF per share¥
0.67
0.64
0.71
0.74
0.83
0.93
1.06
0.98
1.01
0.95
1.87
2.69%
3.82%
—
0.96
Dividend per sh¥
1.25
1.35
1.34
1.47
1.54
1.65
1.79
1.88
2.12
2.07
2.55
6.07%
5.42%
—
9.28
Div yield (avg)%
9.78
11.87
13.98
16.15
18.33
19.65
19.22
16.53
15.26
17.94
6.73
17.94
16.34
8
20.25
Payout ratio%
27.63
24.77
22.11
23.84
24.77
25.99
25.63
28.28
30.52
33.45
26.83
28.28
25.81
53
535.8
Shares (diluted)M
565.3
593.2
625.3
602.1
624.3
560.5
541.2
512.6
454.2
398.3
534.7
(8.60%)
(3.35%)
89
15.27
Buyback yield%
17.81
19.64
19.59
18.97
21.07
22.05
20.78
22.60
24.79
25.96
24.16
22.60
20.93
35
0.372
D/E ratiox
1.771
1.918
1.876
1.942
2.169
2.489
2.908
2.825
3.189
3.055
0.272
2.908
2.329
85
2.795
Enterprise value¥B
4.463
5.313
5.608
6.624
7.641
9.047
9.469
10.75
10.91
12.67
0.931
10.65%
12.42%
15
2.922
LT debt¥B
1.730
1.680
1.866
1.880
1.805
2.151
2.326
2.593
2.955
2.988
1.709
10.61%
5.22%
40
Revenue
¥2.471B
2.21%
1.00×
Cost of revenue
¥1.730B
2.21%
1.00×
Operating expenses
¥512.5M
1.59%
0.94×
Property and equipment
19.52%
Cash and investments
17.45%
Spread over hurdle
(6.17%)