0.826
Revenue¥B
1.016
1.050
1.110
1.146
1.182
1.236
1.313
1.403
1.510
1.627
0.910
6.59%
5.49%
49
20.07
Revenue growth%
8.95
9.78
10.77
9.80
7.65
9.01
11.93
13.25
13.85
12.00
20.06
12.00
10.28
6
16.85
Gross margin%
21.45
21.55
18.88
16.10
18.17
17.89
16.96
14.42
17.01
15.06
2.75
16.96
17.45
51
8.47
Operating margin%
17.89
15.95
15.01
14.21
13.74
15.36
16.80
17.16
18.64
15.74
29.24
16.80
15.85
55
12.74
Net margin%
30.32
27.63
27.91
28.13
28.30
30.25
27.52
29.48
27.63
30.62
25.89
29.48
28.22
24
34.34
P/E ratio (avg)x
33.22
36.39
38.09
39.85
38.96
37.35
34.32
30.33
33.61
33.00
37.84
33.61
35.35
47
28.86
EV/EBITx
15.70
15.90
17.58
16.48
18.13
17.19
16.85
18.94
18.67
18.37
33.48
18.37
17.39
80
21.66
FCF yield (avg)%
32.06
33.68
34.77
37.76
37.98
37.42
37.61
40.00
38.40
36.64
13.96
37.61
37.51
75
12.95
FCF margin%
0.40
0.40
0.42
0.40
0.40
0.40
0.40
0.40
0.40
0.40
23.91
0.40
0.40
38
1.301
FCF / Net incomex
0.167
0.176
0.174
0.164
0.167
0.187
0.217
0.244
0.280
0.265
0.209
0.244
0.182
41
27.18
ROIC%
15.12
14.89
14.78
15.57
14.57
15.14
15.04
14.11
15.05
16.49
4.48
15.05
15.04
14
12.00
Return on equity%
29.55
30.60
32.91
30.03
30.54
30.25
29.87
30.91
28.52
27.68
16.43
29.87
30.14
42
14.88
Return on assets%
4.86
4.17
4.36
5.92
4.54
4.97
2.05
0.73
1.35
4.28
12.98
2.05
4.32
41
1.00
EPS¥
3.40
3.60
3.40
3.80
3.91
3.76
3.44
3.72
3.52
3.21
1.08
(3.85%)
(0.22%)
—
12.81
EPS growth%
25.78
22.85
23.83
26.77
24.45
27.06
25.37
27.78
26.32
25.54
8.58
26.32
25.66
58
3.19
Bookvalue per sh¥
1.61
1.43
1.55
1.59
1.48
1.50
1.47
1.59
1.55
1.57
4.26
1.19%
0.34%
—
1.64
FCF per share¥
1.09
1.17
1.17
1.11
1.11
1.14
1.16
1.05
0.99
1.09
3.01
(0.36%)
(0.50%)
—
3.42
Dividend per sh¥
1.06
1.07
1.14
1.37
1.38
1.52
1.75
2.10
2.06
2.13
1.92
9.08%
8.84%
—
10.28
Div yield (avg)%
14.89
13.67
15.04
13.32
14.12
15.20
14.14
11.96
12.78
12.16
5.73
12.78
13.89
70
11.37
Payout ratio%
21.55
21.82
20.34
21.37
21.40
21.87
19.63
19.40
19.81
22.02
18.03
19.81
21.38
70
227.0
Shares (diluted)M
243.0
266.4
279.2
312.1
341.5
392.7
442.6
448.0
519.5
525.0
231.2
8.98%
8.92%
94
20.41
Buyback yield%
27.98
30.86
30.73
30.08
32.09
32.41
30.56
33.01
33.88
35.76
20.69
33.01
31.47
91
0.142
D/E ratiox
0.396
0.430
0.400
0.425
0.465
0.449
0.476
0.500
0.505
0.474
1.040
0.476
0.457
39
199.4
Enterprise value¥M
359.5
415.6
444.0
510.4
601.7
658.3
702.7
757.7
779.8
806.8
139.3
6.04%
9.54%
91
0.392
LT debt¥B
1.456
1.520
1.720
1.780
1.906
2.025
2.341
2.520
2.754
2.801
1.267
8.01%
6.48%
95
Revenue
¥1.627B
5.49%
1.00×
Cost of revenue
¥1.139B
5.49%
1.00×
Operating expenses
¥338.8M
5.44%
0.99×
Goodwill & intangibles
18.63%
Spread over hurdle
(1.47%)