210.5
Revenue¥M
116.7
126.1
138.7
148.0
162.2
176.4
192.7
212.5
234.2
250.2
234.9
9.05%
8.55%
53
10.85
Revenue growth%
15.71
18.31
18.05
15.07
16.67
16.55
14.42
15.71
13.08
13.30
11.09
14.42
15.71
19
22.11
Gross margin%
10.50
8.03
5.87
8.57
7.48
4.55
3.82
2.19
5.09
2.73
28.89
3.82
5.48
55
27.01
Operating margin%
27.46
29.29
31.27
33.04
31.24
34.08
33.43
35.79
34.27
32.09
22.31
34.08
32.57
14
3.93
Net margin%
17.13
14.87
17.21
14.41
13.97
11.08
12.82
12.17
9.18
9.74
29.71
11.08
13.40
42
20.29
P/E ratio (avg)x
28.03
27.19
31.05
34.15
36.14
36.45
34.40
32.18
30.25
28.62
13.07
32.18
31.61
6
10.92
EV/EBITx
29.18
25.51
28.04
29.37
27.14
26.44
28.29
26.32
26.00
24.20
34.96
26.32
26.79
27
6.16
FCF yield (avg)%
23.72
21.91
21.30
21.73
23.29
23.38
23.92
22.14
19.24
21.49
28.55
22.14
22.02
58
18.25
FCF margin%
21.05
22.58
23.38
22.25
20.86
21.91
23.99
22.27
22.71
25.02
22.61
22.71
22.43
19
0.618
FCF / Net incomex
0.345
0.368
0.343
0.347
0.348
0.357
0.378
0.354
0.335
0.366
1.756
0.357
0.351
24
2.43
ROIC%
19.07
20.46
17.58
16.66
14.05
12.48
15.23
13.06
14.30
12.32
29.53
13.06
14.77
78
22.58
Return on equity%
9.93
8.86
6.10
9.05
11.15
10.37
7.70
8.23
7.05
9.68
16.89
8.23
8.95
42
25.79
Return on assets%
29.28
26.46
24.58
25.02
27.31
29.62
27.85
28.56
26.91
24.99
5.18
27.85
27.11
18
1.05
EPS¥
2.09
2.12
2.06
2.34
2.72
3.05
3.53
3.67
3.45
3.70
1.14
6.34%
5.28%
—
15.03
EPS growth%
8.67
6.11
6.04
7.21
5.17
3.07
2.52
3.69
1.05
0.40
21.57
2.52
4.43
69
0.46
Bookvalue per sh¥
0.80
0.72
0.70
0.67
0.58
0.56
0.49
0.47
0.41
0.41
0.77
(6.67%)
(6.06%)
—
1.50
FCF per share¥
1.41
1.52
1.79
1.83
1.97
2.20
2.18
2.37
2.73
2.71
0.55
6.62%
7.97%
—
0.82
Dividend per sh¥
1.49
1.60
1.58
1.69
1.63
1.50
1.56
1.46
1.63
1.64
0.77
0.08%
1.87%
—
16.62
Div yield (avg)%
14.04
13.52
15.70
15.02
14.99
12.64
14.90
17.39
16.30
14.84
8.95
14.90
14.94
42
14.14
Payout ratio%
15.48
17.88
17.60
14.93
12.86
13.35
15.23
13.73
16.65
17.74
15.49
15.23
15.36
10
140.2
Shares (diluted)M
235.7
262.5
287.6
334.8
355.0
362.3
368.8
441.2
521.3
632.3
137.0
12.24%
11.93%
9
18.12
Buyback yield%
12.03
14.91
12.81
9.87
8.95
10.91
10.13
12.15
12.92
11.19
14.46
11.19
11.61
55
0.372
D/E ratiox
1.877
2.131
1.980
2.151
2.062
2.294
2.121
2.330
2.143
2.188
1.418
2.188
2.137
51
236.0
Enterprise value¥M
95.13
105.2
103.6
99.49
102.9
95.12
89.49
85.15
85.81
77.06
244.2
(5.62%)
(1.77%)
87
291.2
LT debt¥M
48.01
54.85
50.62
50.71
53.58
56.71
62.86
60.36
59.38
58.78
195.7
1.87%
3.47%
59
Revenue
¥250.2M
8.55%
1.00×
Cost of revenue
¥168.7M
8.64%
1.01×
Operating expenses
¥46.41M
8.07%
0.96×
Goodwill & intangibles
19.10%
Spread over hurdle
(4.43%)