2.159
Revenue¥B
1.046
1.153
1.231
1.319
1.403
1.542
1.685
1.844
1.998
2.144
2.229
8.85%
8.22%
59
10.42
Revenue growth%
26.44
28.21
27.96
29.66
30.34
32.84
29.92
28.95
31.64
33.01
3.20
31.64
29.79
62
12.57
Gross margin%
11.04
12.03
13.53
16.00
17.17
17.61
17.84
15.00
14.44
14.37
10.54
15.00
14.72
53
13.36
Operating margin%
27.08
27.84
28.88
30.04
28.83
26.31
26.76
24.52
21.66
21.56
25.76
24.52
26.92
62
11.48
Net margin%
10.73
12.50
14.84
16.20
17.71
19.03
20.24
20.26
17.98
19.11
13.56
19.11
17.85
46
26.34
P/E ratio (avg)x
43.66
46.66
44.68
49.89
47.94
45.46
45.52
42.34
47.10
51.40
15.02
45.52
46.09
33
12.92
EV/EBITx
34.35
38.63
42.59
41.28
45.58
43.74
46.31
49.66
55.11
54.20
8.581
49.66
44.66
11
14.24
FCF yield (avg)%
22.14
23.20
24.12
25.78
23.46
20.77
20.42
19.73
22.38
20.09
11.62
20.42
22.26
75
14.29
FCF margin%
18.36
15.56
13.53
14.57
16.49
14.17
12.98
15.41
13.07
13.35
19.63
13.35
14.37
51
0.605
FCF / Net incomex
0.620
0.601
0.533
0.464
0.460
0.499
0.472
0.512
0.493
0.469
0.313
0.493
0.496
14
26.50
ROIC%
18.20
16.56
17.77
17.94
19.81
17.12
15.35
18.22
19.31
17.07
5.36
17.12
17.86
20
8.54
Return on equity%
26.99
29.83
32.10
29.98
31.37
29.05
26.57
24.74
27.57
26.41
19.86
26.57
28.31
69
2.23
Return on assets%
17.76
17.75
18.99
17.56
16.56
18.39
15.59
14.84
17.79
20.03
5.91
17.79
17.75
67
5.30
EPS¥
2.43
2.54
2.57
3.05
3.40
3.69
3.79
3.96
4.56
5.29
5.63
9.22%
9.29%
—
17.09
EPS growth%
11.64
12.16
9.83
12.51
9.77
6.80
7.34
5.10
2.92
3.14
17.35
5.10
8.56
12
1.61
Bookvalue per sh¥
5.72
5.68
6.46
7.30
7.34
7.01
7.63
7.56
7.85
7.27
5.06
(0.19%)
3.48%
—
4.21
FCF per share¥
6.37
6.79
7.31
7.49
8.50
9.06
10.70
12.28
14.06
15.15
3.60
12.25%
9.68%
—
2.58
Dividend per sh¥
3.15
2.78
2.77
2.61
2.49
2.25
1.99
1.93
2.09
1.87
2.27
(5.52%)
(5.39%)
—
6.68
Div yield (avg)%
12.50
14.49
12.55
10.38
9.73
12.69
13.41
10.48
10.66
13.55
20.60
12.69
12.52
72
19.35
Payout ratio%
21.14
20.75
18.83
21.11
18.70
19.52
18.59
17.23
17.97
15.00
10.00
17.97
18.77
51
270.4
Shares (diluted)M
226.1
224.8
236.8
223.0
222.0
205.7
189.9
206.7
191.4
191.0
276.0
(2.96%)
(2.68%)
46
12.07
Buyback yield%
22.05
21.75
21.07
20.68
23.26
23.68
22.66
21.24
19.09
16.80
12.61
21.24
21.50
63
0.162
D/E ratiox
2.277
2.700
2.653
2.892
3.174
3.581
3.920
4.658
4.556
5.107
0.956
4.556
3.378
44
0.876
Enterprise value¥B
1.598
1.740
1.591
1.739
1.841
1.814
1.633
1.706
1.848
1.809
0.570
(0.35%)
0.42%
40
2.172
LT debt¥B
1.657
1.873
1.727
1.718
1.926
1.771
1.952
2.182
2.254
2.370
2.052
4.24%
3.91%
22
Revenue
¥2.144B
8.22%
1.00×
Cost of revenue
¥1.083B
8.35%
1.01×
Operating expenses
¥373.5M
8.03%
0.98×
Spread over hurdle
(0.75%)