1.656
Revenue¥B
1.281
1.340
1.413
1.464
1.529
1.602
1.715
1.773
1.900
2.000
1.808
5.52%
4.94%
80
11.07
Revenue growth%
29.27
31.70
34.47
36.40
36.67
35.01
34.02
31.64
34.31
34.57
8.83
34.31
34.39
60
12.78
Gross margin%
4.80
7.63
7.41
5.68
7.66
9.36
6.68
5.63
3.52
1.33
12.00
5.63
6.18
71
6.30
Operating margin%
9.61
11.19
11.80
9.84
10.72
13.03
14.67
15.43
15.08
13.18
14.81
14.67
12.41
57
7.53
Net margin%
5.03
6.48
3.57
5.80
7.07
9.93
12.64
9.98
10.01
12.45
11.96
10.01
8.50
24
27.04
P/E ratio (avg)x
19.30
18.08
18.79
20.71
21.94
25.16
25.27
26.29
28.03
27.96
25.99
26.29
23.55
86
21.68
EV/EBITx
41.50
37.92
42.82
39.63
37.72
41.59
45.93
49.10
48.58
50.73
13.24
48.58
42.20
54
25.95
FCF yield (avg)%
31.66
33.61
31.76
31.25
30.50
31.00
33.48
36.46
38.59
36.21
27.37
36.21
32.62
7
4.99
FCF margin%
4.25
2.53
4.54
2.37
0.86
0.95
3.15
4.39
6.99
8.24
21.53
4.39
3.70
14
1.266
FCF / Net incomex
0.717
0.761
0.842
0.855
0.780
0.821
0.773
0.743
0.820
0.792
1.719
0.792
0.786
43
27.40
ROIC%
29.45
30.57
28.41
31.10
30.37
27.88
29.84
28.98
26.53
28.00
16.17
28.00
29.21
84
21.57
Return on equity%
11.04
10.12
9.72
8.47
8.27
8.29
5.64
6.34
5.17
2.85
22.50
5.64
8.28
50
20.81
Return on assets%
23.86
22.42
24.10
21.47
21.00
20.50
20.21
21.97
22.70
23.75
28.96
21.97
22.20
47
5.19
EPS¥
3.50
3.46
3.70
3.51
3.00
2.62
2.69
2.85
2.43
2.14
5.65
(6.55%)
(4.46%)
—
23.73
EPS growth%
32.08
32.49
33.50
32.47
32.44
33.46
33.52
34.12
36.01
33.95
28.32
33.95
33.48
75
3.27
Bookvalue per sh¥
3.38
3.41
3.43
3.26
3.09
3.31
3.24
3.33
3.64
3.79
5.26
4.17%
0.79%
—
5.11
FCF per share¥
3.23
3.57
3.55
3.53
3.32
3.26
3.65
3.68
3.94
4.47
5.72
6.13%
2.66%
—
5.61
Dividend per sh¥
3.11
2.90
3.01
3.05
2.76
2.34
2.30
2.21
1.99
1.94
4.88
(6.81%)
(5.84%)
—
8.61
Div yield (avg)%
27.71
25.22
26.97
25.88
28.10
30.05
29.53
32.02
30.63
29.94
12.50
30.05
28.81
40
25.42
Payout ratio%
8.30
9.93
9.79
8.21
10.31
10.09
8.57
6.01
7.25
7.79
15.09
7.79
8.43
15
77.06
Shares (diluted)M
88.75
91.79
102.2
119.1
133.3
128.8
147.7
162.9
181.2
207.5
75.25
9.25%
8.57%
36
14.07
Buyback yield%
8.28
6.84
5.15
4.68
3.29
5.74
6.60
6.35
8.32
9.23
6.23
6.60
6.47
26
0.396
D/E ratiox
1.682
1.860
2.010
2.105
2.138
2.015
1.784
1.794
1.644
1.731
0.378
1.784
1.827
44
560.5
Enterprise value¥M
542.4
585.4
611.0
704.2
752.6
712.3
757.7
781.0
773.5
751.2
521.3
(0.04%)
4.99%
58
1.554
LT debt¥B
1.388
1.220
1.065
0.929
1.004
0.965
1.004
1.036
1.108
0.985
0.144
(0.39%)
(2.69%)
61
Revenue
¥2.000B
4.94%
1.00×
Cost of revenue
¥1.399B
4.93%
1.00×
Operating expenses
¥211.8M
3.98%
0.91×
Cash and investments
19.17%
Property and equipment
18.48%
Spread over hurdle
(1.96%)