342.2
Revenue¥M
430.9
477.9
528.3
583.2
641.1
686.6
752.7
800.3
852.5
943.6
355.6
8.04%
9.11%
53
17.56
Revenue growth%
23.03
24.19
24.65
24.84
22.29
25.18
28.03
30.55
32.18
30.16
14.34
30.16
25.01
44
4.59
Gross margin%
12.89
12.37
10.15
7.78
6.50
4.28
4.37
2.61
0.71
0.40
25.41
2.61
5.44
42
11.45
Operating margin%
24.46
22.28
21.77
24.26
26.59
27.54
26.88
28.52
27.72
25.35
27.31
27.54
25.97
45
14.28
Net margin%
0.40
0.40
0.40
0.40
0.40
2.38
0.40
0.40
2.51
1.12
22.60
1.12
0.40
23
18.00
P/E ratio (avg)x
15.60
16.88
16.19
17.57
16.19
16.06
17.15
18.53
18.61
16.79
21.22
17.15
16.84
82
16.04
EV/EBITx
11.55
10.75
9.693
9.883
11.05
10.31
10.19
9.257
8.917
8.002
26.73
9.257
10.04
80
6.17
FCF yield (avg)%
29.83
28.02
27.63
28.64
29.83
31.86
29.47
27.17
26.72
26.68
21.79
27.17
28.33
68
12.30
FCF margin%
5.24
6.53
4.28
5.35
3.44
2.52
4.34
1.36
1.84
0.40
20.32
1.84
3.86
21
1.233
FCF / Net incomex
1.982
2.154
2.212
2.237
2.436
2.802
2.877
2.879
3.113
3.046
1.693
2.879
2.619
33
5.87
ROIC%
17.68
19.94
21.56
24.09
25.56
24.58
21.85
22.93
25.22
25.12
22.72
24.58
23.51
81
22.73
Return on equity%
29.53
29.29
29.23
31.38
32.53
34.00
32.47
31.39
28.51
26.53
3.95
31.39
30.45
86
6.71
Return on assets%
19.66
18.81
16.50
15.72
15.21
13.02
15.93
16.74
17.45
17.09
15.50
16.74
16.62
80
1.19
EPS¥
0.45
0.48
0.48
0.47
0.45
0.41
0.42
0.46
0.52
0.51
1.26
2.45%
2.32%
—
25.87
EPS growth%
20.81
21.19
23.07
24.26
25.04
22.07
21.43
23.96
25.29
27.21
17.13
23.96
23.51
24
0.90
Bookvalue per sh¥
0.82
0.85
0.79
0.91
0.89
1.01
1.10
1.11
1.09
1.05
0.68
3.44%
3.01%
—
0.17
FCF per share¥
0.36
0.41
0.45
0.48
0.52
0.55
0.52
0.49
0.55
0.63
0.88
3.85%
5.73%
—
1.20
Dividend per sh¥
1.69
1.85
1.89
1.90
2.15
2.35
2.72
3.09
3.66
3.90
0.76
12.61%
9.60%
—
9.65
Div yield (avg)%
22.74
23.80
26.54
27.81
29.19
27.62
28.22
25.58
24.04
24.59
3.25
25.58
26.06
95
13.74
Payout ratio%
20.63
20.39
20.61
18.57
17.57
15.11
12.92
12.30
12.69
15.23
24.79
12.92
16.40
60
0.322
Shares (diluted)B
0.441
0.434
0.442
0.485
0.572
0.623
0.726
0.840
0.934
1.070
0.329
13.36%
9.04%
68
4.07
Buyback yield%
9.80
9.51
10.15
10.92
11.46
13.89
13.60
15.54
18.25
18.21
6.74
15.54
12.53
17
0.499
D/E ratiox
1.519
1.459
1.312
1.163
1.146
1.119
1.228
1.204
1.298
1.195
0.157
1.204
1.216
34
645.2
Enterprise value¥M
420.1
426.6
483.1
573.7
606.4
646.5
621.5
713.5
760.4
757.8
405.2
4.56%
6.22%
48
0.278
LT debt¥B
1.155
1.175
1.301
1.380
1.423
1.622
1.901
2.092
2.392
2.530
0.503
12.19%
9.70%
14
Revenue
¥943.6M
9.11%
1.00×
Cost of revenue
¥512.1M
8.83%
0.97×
Operating expenses
¥225.1M
9.44%
1.03×
Cash and investments
16.77%
Spread over hurdle
(1.30%)