2.334
Revenue¥B
1.959
2.081
2.298
2.531
2.779
3.011
3.224
3.454
3.753
4.036
2.392
7.75%
8.55%
26
27.84
Revenue growth%
22.32
20.78
22.51
21.31
19.23
20.81
19.37
21.02
23.07
20.94
14.94
20.94
20.98
9
20.79
Gross margin%
29.08
28.78
26.48
29.28
29.06
30.57
27.93
29.50
27.40
25.68
23.74
27.93
28.92
7
11.47
Operating margin%
17.07
18.57
21.16
21.00
19.74
19.20
17.74
20.56
22.25
24.96
18.77
20.56
20.15
13
25.90
Net margin%
23.90
21.55
19.26
21.19
18.34
20.62
21.46
22.63
24.98
22.57
5.22
22.57
21.50
27
13.22
P/E ratio (avg)x
53.89
63.60
70.77
72.50
76.62
87.85
86.73
87.03
97.49
109.4
15.83
87.85
81.67
28
35.67
EV/EBITx
45.50
47.27
44.25
50.82
52.09
57.50
53.99
53.14
58.09
60.33
35.71
57.50
52.62
10
5.47
FCF yield (avg)%
8.69
7.60
6.54
7.94
10.41
12.12
10.76
11.22
10.75
9.27
10.09
10.76
9.84
6
22.71
FCF margin%
17.21
19.68
20.02
18.41
17.99
18.08
16.89
15.38
18.12
17.11
26.89
17.11
18.03
64
0.453
FCF / Net incomex
0.617
0.653
0.730
0.775
0.800
0.785
0.929
0.928
0.937
0.910
0.659
0.928
0.793
24
29.21
ROIC%
29.66
27.04
28.12
29.85
28.04
27.38
27.23
25.31
23.60
25.64
10.12
25.64
27.31
28
19.58
Return on equity%
13.48
15.93
17.81
20.17
18.78
19.73
17.43
17.12
17.83
15.76
26.69
17.43
17.62
52
16.99
Return on assets%
12.11
10.88
12.79
12.39
13.31
14.34
15.30
12.65
10.75
8.62
18.83
12.65
12.52
10
1.14
EPS¥
1.94
1.68
1.75
1.63
1.77
1.64
1.45
1.48
1.34
1.34
1.22
(5.34%)
(2.74%)
—
20.29
EPS growth%
9.22
8.19
8.66
9.43
7.71
10.70
8.50
5.77
3.90
4.60
14.77
5.77
8.35
88
2.47
Bookvalue per sh¥
2.19
2.45
2.89
3.08
3.33
3.52
4.06
4.65
5.17
5.02
1.58
8.58%
7.99%
—
1.07
FCF per share¥
2.58
2.80
3.17
3.50
3.94
4.32
3.96
4.34
4.69
4.66
4.28
3.44%
6.06%
—
1.70
Dividend per sh¥
5.09
5.46
5.44
5.90
5.76
6.29
7.24
7.52
7.48
7.81
1.65
6.30%
5.40%
—
26.71
Div yield (avg)%
19.95
21.88
23.29
24.72
27.33
26.28
29.02
28.99
28.63
27.27
26.83
28.63
26.77
8
20.60
Payout ratio%
9.34
9.75
11.92
9.28
10.80
11.35
12.97
14.36
17.26
16.36
29.52
14.36
11.64
41
674.7
Shares (diluted)M
588.3
527.7
515.5
487.2
432.7
436.9
380.4
399.7
382.5
393.6
681.3
(1.88%)
(3.48%)
7
20.97
Buyback yield%
31.17
32.14
34.29
36.34
35.95
34.16
34.83
32.69
32.25
30.18
16.55
32.69
33.42
44
1.200
D/E ratiox
0.882
0.746
0.678
0.576
0.613
0.523
0.558
0.565
0.512
0.541
0.567
0.541
0.570
58
0.493
Enterprise value¥B
3.606
4.015
4.240
4.299
4.109
4.330
4.596
4.232
4.567
4.765
3.253
3.01%
2.63%
46
1.324
LT debt¥B
3.034
3.312
3.360
3.532
3.472
3.370
3.609
3.439
4.000
4.627
2.733
5.91%
5.04%
83
Revenue
¥4.036B
8.55%
1.00×
Cost of revenue
¥1.967B
8.62%
1.01×
Operating expenses
¥882.8M
8.37%
0.98×
Goodwill & intangibles
17.03%
Spread over hurdle
15.57%