730.2
Revenue¥M
331.0
355.3
385.5
419.4
463.2
493.0
527.8
580.9
626.1
686.7
800.4
8.20%
8.39%
93
10.11
Revenue growth%
9.85
9.10
8.77
10.10
7.98
9.20
8.27
10.47
7.91
6.19
4.19
8.27
8.93
18
16.39
Gross margin%
14.92
16.13
16.45
17.16
19.61
20.46
18.83
17.90
16.69
18.16
16.08
18.16
17.53
59
12.25
Operating margin%
35.76
38.63
36.05
38.37
36.95
36.92
36.22
36.66
36.83
38.17
9.48
36.83
36.88
24
5.67
Net margin%
12.82
13.15
10.61
12.93
15.34
16.40
16.69
17.34
18.50
21.11
6.78
17.34
15.87
26
27.05
P/E ratio (avg)x
38.79
35.29
37.82
34.53
34.73
38.73
37.32
39.50
40.70
45.54
26.18
39.50
38.28
87
6.630
EV/EBITx
22.99
21.77
22.47
24.40
24.09
23.54
22.05
25.20
24.42
25.08
9.001
24.42
23.81
90
16.75
FCF yield (avg)%
34.92
36.83
34.54
32.40
34.89
36.00
33.13
35.47
37.44
36.66
17.01
36.00
35.20
91
29.77
FCF margin%
21.26
20.76
18.94
17.73
16.34
14.32
12.81
12.00
10.40
9.92
24.02
12.00
15.33
47
1.176
FCF / Net incomex
0.794
0.756
0.717
0.659
0.607
0.635
0.711
0.750
0.731
0.711
1.743
0.711
0.714
51
10.85
ROIC%
27.28
26.85
29.72
30.68
31.91
31.27
29.87
30.82
32.75
32.82
29.28
31.27
30.75
52
13.86
Return on equity%
20.82
22.09
24.95
24.37
21.54
22.55
23.50
23.32
22.60
21.47
21.94
22.60
22.58
33
11.39
Return on assets%
7.96
9.05
8.10
8.52
6.91
6.20
5.52
4.93
4.71
6.19
27.22
5.52
6.56
77
0.33
EPS¥
1.21
1.24
1.22
1.06
0.93
1.03
1.12
1.22
1.21
1.10
0.36
3.31%
(0.83%)
—
5.41
EPS growth%
15.01
15.24
16.29
16.34
14.15
13.85
15.43
13.57
13.78
15.80
10.06
13.85
15.13
58
1.15
Bookvalue per sh¥
2.92
2.94
3.35
3.25
3.32
3.91
3.79
3.93
4.60
5.35
0.40
9.98%
6.46%
—
2.19
FCF per share¥
1.05
1.09
1.18
1.20
1.18
1.30
1.43
1.34
1.34
1.30
1.94
1.95%
2.60%
—
2.03
Dividend per sh¥
2.86
3.20
3.40
3.91
4.01
4.04
4.45
4.76
4.99
5.79
1.86
7.65%
8.53%
—
15.81
Div yield (avg)%
28.19
28.17
25.84
23.89
26.55
25.34
22.97
20.36
20.77
21.95
9.28
21.95
24.61
67
27.76
Payout ratio%
0.40
0.40
0.40
0.40
2.65
0.40
0.50
0.40
1.75
1.07
25.09
0.50
0.40
70
255.5
Shares (diluted)M
266.6
257.3
269.1
262.8
292.2
305.9
294.9
325.5
323.7
310.7
257.6
1.24%
1.07%
69
15.41
Buyback yield%
11.40
14.01
14.09
14.71
13.45
16.14
18.95
18.03
19.28
22.19
9.59
18.95
15.42
16
1.772
D/E ratiox
0.535
0.513
0.591
0.699
0.804
0.815
0.839
0.984
1.063
1.198
1.155
0.984
0.810
60
0.069
Enterprise value¥B
1.380
1.398
1.348
1.534
1.700
1.956
2.302
2.721
2.828
3.026
0.312
12.22%
9.69%
9
268.9
LT debt¥M
363.6
381.9
391.8
361.6
388.6
377.8
419.6
432.5
461.6
416.6
440.9
1.40%
2.03%
66
Revenue
¥686.7M
8.39%
1.00×
Cost of revenue
¥368.0M
8.80%
1.04×
Operating expenses
¥92.43M
7.25%
0.90×
Property and equipment
16.52%
Goodwill & intangibles
16.24%
Spread over hurdle
(4.13%)