39.42
Revenue¥M
195.2
209.0
225.2
243.6
265.0
282.0
298.6
316.0
332.7
362.8
43.41
6.49%
7.00%
54
13.12
Revenue growth%
3.31
6.00
6.56
6.41
4.32
2.59
4.49
2.99
4.22
1.73
27.24
2.99
4.27
39
24.07
Gross margin%
13.18
12.35
10.63
8.02
7.29
6.60
5.74
3.25
0.40
0.40
19.74
3.25
6.95
75
18.11
Operating margin%
16.46
16.19
18.45
19.39
19.40
17.84
20.11
21.47
19.90
21.98
5.18
20.11
19.39
90
8.03
Net margin%
31.16
30.77
30.18
27.91
27.92
25.30
25.54
28.02
27.67
27.59
9.68
27.59
27.92
93
31.10
P/E ratio (avg)x
39.83
42.83
51.54
50.89
60.35
69.36
72.25
73.23
83.14
87.97
33.71
73.23
64.85
41
17.09
EV/EBITx
21.57
19.95
20.64
19.19
17.11
15.64
16.17
14.71
14.26
12.76
36.89
14.71
16.64
45
28.20
FCF yield (avg)%
2.35
2.18
2.26
0.40
0.40
0.40
0.40
0.40
2.37
0.40
13.12
0.40
0.40
94
23.06
FCF margin%
16.17
14.94
13.31
14.47
16.15
15.88
16.24
17.35
16.30
14.17
12.19
16.24
16.01
60
0.906
FCF / Net incomex
0.360
0.374
0.396
0.390
0.373
0.397
0.405
0.409
0.463
0.443
1.180
0.409
0.397
26
28.34
ROIC%
18.80
20.85
21.56
22.79
25.02
24.02
25.45
26.60
25.01
24.75
25.66
25.01
24.39
48
12.82
Return on equity%
24.50
22.27
24.80
27.44
30.26
32.04
32.71
34.93
36.30
34.99
24.12
34.93
31.15
94
13.60
Return on assets%
22.60
23.78
21.16
21.57
18.67
18.99
21.97
20.50
21.01
18.61
18.16
20.50
21.08
44
1.26
EPS¥
0.33
0.36
0.32
0.30
0.28
0.30
0.31
0.28
0.30
0.32
1.31
2.67%
0.35%
—
3.14
EPS growth%
21.50
19.67
17.20
16.55
15.85
14.91
12.73
12.64
14.75
15.92
7.83
14.75
15.88
59
1.92
Bookvalue per sh¥
1.69
1.66
1.75
1.89
1.89
1.92
2.27
2.61
2.92
3.09
0.33
10.36%
7.18%
—
1.11
FCF per share¥
1.16
1.09
1.03
1.13
1.03
1.13
1.02
1.13
1.07
1.14
1.14
2.01%
0.91%
—
0.97
Dividend per sh¥
1.10
1.30
1.46
1.65
1.73
1.70
2.00
2.31
2.62
2.70
0.33
9.30%
10.42%
—
15.90
Div yield (avg)%
13.86
13.32
14.24
15.02
17.38
14.86
13.03
14.01
14.63
15.18
27.90
14.63
14.43
59
10.14
Payout ratio%
23.26
22.23
21.57
23.08
23.07
23.62
21.50
21.68
23.48
25.68
24.56
23.48
23.08
86
199.5
Shares (diluted)M
256.9
283.2
317.0
311.5
302.7
293.9
273.6
313.2
348.1
384.9
196.2
4.93%
3.97%
51
3.72
Buyback yield%
19.52
17.29
14.29
14.13
16.50
14.55
14.60
15.29
16.34
16.80
29.26
15.29
15.81
57
0.316
D/E ratiox
0.796
0.945
1.039
1.070
1.116
1.088
1.163
1.270
1.461
1.389
1.098
1.270
1.102
20
35.23
Enterprise value¥M
408.5
463.1
519.6
531.5
544.6
596.1
583.3
584.0
646.8
638.1
228.1
3.22%
4.05%
93
52.86
LT debt¥M
28.39
26.13
27.26
28.07
26.82
27.95
31.63
35.87
37.90
36.79
26.73
6.52%
3.65%
85
Revenue
¥362.8M
7.00%
1.00×
Cost of revenue
¥206.7M
6.64%
0.97×
Operating expenses
¥84.37M
7.62%
1.06×
Property and equipment
16.02%
Cash and investments
15.88%
Spread over hurdle
(0.83%)