1.231
Revenue¥B
1.111
1.178
1.253
1.320
1.384
1.514
1.643
1.778
1.883
2.045
1.377
8.12%
6.90%
75
22.04
Revenue growth%
8.59
7.25
7.49
5.87
8.27
6.98
8.81
11.28
13.54
12.49
16.19
11.28
8.43
37
14.72
Gross margin%
14.53
13.87
12.04
13.84
12.84
12.21
13.29
15.63
17.14
14.88
21.09
14.88
13.86
42
13.94
Operating margin%
7.68
10.31
11.65
14.03
16.85
14.58
11.72
14.22
16.08
16.51
16.40
14.58
14.12
72
29.36
Net margin%
27.98
25.56
23.50
22.19
24.13
21.46
23.17
25.38
22.40
21.14
22.54
22.40
23.33
85
25.77
P/E ratio (avg)x
14.67
13.05
11.70
12.46
11.22
11.64
10.60
11.31
11.61
10.73
16.31
11.31
11.63
29
33.37
EV/EBITx
40.52
40.23
45.92
44.77
49.82
46.37
52.96
59.45
59.31
61.03
22.13
59.31
48.09
89
29.99
FCF yield (avg)%
33.07
33.36
34.20
34.98
36.42
38.91
41.71
42.54
40.01
40.44
14.50
40.44
37.67
32
5.35
FCF margin%
24.11
22.02
22.21
20.75
21.72
21.62
19.26
20.96
18.78
16.99
20.86
19.26
21.29
93
1.725
FCF / Net incomex
0.654
0.693
0.651
0.647
0.636
0.709
0.713
0.771
0.835
0.950
0.156
0.771
0.701
91
8.80
ROIC%
8.34
10.04
8.31
5.72
4.96
7.43
8.06
6.31
9.13
6.99
7.66
7.43
7.74
27
4.06
Return on equity%
16.65
16.54
18.46
18.37
20.57
17.72
20.50
21.25
21.94
23.21
23.92
21.25
19.48
25
6.46
Return on assets%
28.31
29.91
27.73
28.91
26.88
29.81
31.78
33.56
35.51
33.05
22.65
33.05
29.86
75
0.65
EPS¥
1.70
1.50
1.33
1.43
1.50
1.32
1.24
1.20
1.29
1.40
0.71
(1.36%)
(3.07%)
—
25.79
EPS growth%
23.81
21.06
20.55
18.10
19.02
19.47
19.94
17.39
18.01
20.51
23.57
19.47
19.70
60
1.86
Bookvalue per sh¥
2.50
2.66
2.64
2.66
2.68
2.91
2.68
2.91
2.58
2.58
2.22
(0.75%)
0.61%
—
0.72
FCF per share¥
3.80
4.41
4.71
5.21
5.96
5.83
5.92
6.00
6.02
5.82
1.69
(0.47%)
5.10%
—
2.51
Dividend per sh¥
0.47
0.45
0.46
0.44
0.43
0.47
0.47
0.46
0.53
0.51
1.02
3.52%
1.42%
—
18.02
Div yield (avg)%
10.53
7.79
8.22
8.32
8.70
8.40
9.98
11.13
8.79
9.60
2.33
9.60
8.75
77
8.48
Payout ratio%
14.77
14.17
15.78
12.80
11.13
10.42
13.29
12.56
14.72
14.95
26.90
13.29
13.73
77
385.1
Shares (diluted)M
327.4
321.2
339.1
354.1
390.8
383.6
345.1
315.3
352.1
348.4
373.1
(2.27%)
(0.19%)
67
7.77
Buyback yield%
15.29
14.87
16.74
16.66
16.71
17.92
18.10
18.95
20.45
18.23
15.25
18.23
17.33
85
1.450
D/E ratiox
0.525
0.533
0.625
0.694
0.709
0.680
0.778
0.822
0.802
0.823
0.586
0.802
0.702
32
0.348
Enterprise value¥B
2.900
2.935
3.374
3.310
3.507
3.694
3.672
4.036
4.206
4.141
0.753
3.38%
3.55%
6
0.163
LT debt¥B
1.366
1.424
1.474
1.678
1.621
1.801
1.987
2.053
2.244
2.502
0.343
9.07%
5.44%
74
Revenue
¥2.045B
6.90%
1.00×
Cost of revenue
¥1.237B
6.75%
0.99×
Operating expenses
¥389.6M
7.07%
1.02×
Spread over hurdle
(3.32%)