1.232
Revenue¥B
2.103
2.211
2.350
2.403
2.454
2.588
2.682
2.816
2.924
3.062
1.321
4.52%
4.25%
12
19.65
Revenue growth%
29.46
29.89
27.45
28.41
28.87
27.93
28.06
27.07
26.26
24.57
18.41
27.07
27.99
34
2.96
Gross margin%
28.98
30.25
31.35
30.71
32.78
30.31
27.74
25.18
24.34
24.71
22.31
25.18
29.62
94
11.63
Operating margin%
0.41
2.00
4.87
7.51
8.59
11.40
8.45
6.54
5.46
2.89
3.39
6.54
6.00
53
3.04
Net margin%
21.39
21.61
23.49
21.34
20.52
22.76
24.62
26.42
23.87
23.86
14.61
23.87
23.12
86
30.30
P/E ratio (avg)x
19.05
20.27
20.83
21.66
22.21
21.85
19.97
19.11
17.35
18.45
24.14
19.11
20.12
49
25.08
EV/EBITx
38.87
40.30
36.29
40.34
42.68
43.73
42.66
42.52
43.58
43.32
15.00
43.32
42.59
46
10.05
FCF yield (avg)%
17.80
20.62
20.06
21.51
23.81
24.03
22.65
24.79
24.51
22.56
23.53
24.03
22.60
91
5.13
FCF margin%
16.82
16.39
13.68
15.85
13.34
15.24
16.83
16.17
17.29
16.39
29.35
16.39
16.28
79
1.613
FCF / Net incomex
0.458
0.464
0.438
0.390
0.428
0.380
0.374
0.349
0.333
0.337
1.594
0.349
0.385
89
17.35
ROIC%
25.69
25.08
26.45
28.91
30.57
32.19
33.71
35.67
36.45
35.08
22.86
35.08
31.38
18
18.49
Return on equity%
22.16
20.60
18.37
18.31
18.83
17.85
15.92
18.24
15.70
16.74
19.77
16.74
18.28
49
4.08
Return on assets%
21.83
21.98
20.29
17.72
18.13
19.58
16.99
17.01
15.39
12.77
6.63
16.99
17.93
19
10.15
EPS¥
18.46
18.35
18.41
18.54
21.96
23.13
24.15
24.02
28.40
31.27
11.18
7.32%
6.97%
—
23.96
EPS growth%
25.22
25.33
26.75
29.57
27.13
27.85
29.77
32.36
31.92
30.63
17.49
30.63
28.71
10
13.00
Bookvalue per sh¥
7.04
8.10
8.12
9.04
8.62
9.12
8.93
10.40
11.99
13.86
5.41
9.98%
6.88%
—
9.11
FCF per share¥
9.23
7.99
7.18
6.46
7.00
6.54
5.99
5.22
5.23
4.66
14.02
(7.82%)
(7.55%)
—
1.98
Dividend per sh¥
10.13
10.23
11.97
13.07
13.52
14.87
16.08
15.47
16.71
18.32
11.51
6.26%
7.38%
—
18.34
Div yield (avg)%
21.52
20.74
20.23
18.38
19.26
17.03
14.24
15.60
12.99
10.13
6.28
14.24
17.70
21
5.28
Payout ratio%
7.66
10.11
7.82
6.26
3.55
6.30
7.48
7.56
6.61
9.22
5.57
7.48
7.52
7
143.5
Shares (diluted)M
170.7
190.5
186.2
175.2
182.4
206.4
201.3
187.6
192.4
183.4
142.3
0.11%
1.84%
42
25.51
Buyback yield%
3.43
4.73
2.63
3.63
5.54
3.53
1.16
3.87
1.47
0.40
28.74
1.47
3.48
46
1.708
D/E ratiox
1.135
1.076
1.181
1.028
0.947
0.956
1.052
1.152
1.118
1.218
1.748
1.118
1.097
54
1.223
Enterprise value¥B
3.509
3.468
3.811
4.443
4.906
4.738
4.830
5.342
6.150
6.413
1.900
5.50%
6.01%
68
0.508
LT debt¥B
1.331
1.297
1.382
1.345
1.561
1.567
1.546
1.704
1.863
2.078
0.756
5.89%
4.48%
27
Revenue
¥3.062B
4.25%
1.00×
Cost of revenue
¥2.129B
4.34%
1.01×
Operating expenses
¥599.5M
4.28%
1.00×
Property and equipment
20.49%
Spread over hurdle
(1.37%)