2.005
Revenue¥B
0.812
0.877
0.932
1.001
1.102
1.190
1.306
1.407
1.543
1.700
2.115
9.06%
8.29%
72
22.21
Revenue growth%
25.19
25.65
27.79
26.21
23.65
26.45
24.53
24.26
26.79
24.94
2.10
24.94
25.42
31
8.97
Gross margin%
7.84
10.80
12.90
14.68
14.80
12.48
14.57
15.32
16.89
14.95
23.66
14.95
14.62
7
3.97
Operating margin%
17.92
20.03
18.20
20.75
22.52
23.27
21.65
19.67
17.01
18.07
17.32
19.67
19.85
60
23.52
Net margin%
21.53
24.18
25.05
22.59
20.57
23.12
23.24
24.08
27.03
26.77
3.01
24.08
23.66
26
32.62
P/E ratio (avg)x
27.62
32.51
33.49
36.34
34.75
37.46
35.93
38.80
43.20
46.60
20.32
38.80
36.13
39
17.11
EV/EBITx
45.99
45.51
51.64
60.58
67.67
76.52
88.67
94.10
105.8
110.7
35.48
94.10
72.10
10
7.46
FCF yield (avg)%
13.13
12.58
10.86
12.34
10.22
8.00
6.06
5.04
5.13
7.65
28.24
6.06
9.11
20
27.40
FCF margin%
18.69
16.20
17.74
15.82
16.43
13.46
13.13
10.60
12.78
13.41
6.81
13.13
14.64
16
0.297
FCF / Net incomex
0.290
0.280
0.258
0.258
0.247
0.250
0.236
0.234
0.238
0.210
1.058
0.236
0.248
18
6.13
ROIC%
21.83
19.76
19.95
19.33
19.97
20.50
18.55
17.07
19.08
18.60
7.90
18.60
19.55
32
29.48
Return on equity%
20.21
22.71
24.56
26.56
28.39
26.71
27.81
27.84
26.44
23.75
27.29
26.71
26.50
6
18.50
Return on assets%
0.40
0.40
0.40
3.18
3.39
3.19
1.53
0.40
0.40
0.74
27.93
0.74
0.57
45
0.99
EPS¥
4.23
3.97
4.23
3.98
4.26
4.43
4.19
4.75
4.75
5.11
1.02
3.70%
1.31%
—
20.35
EPS growth%
17.34
17.60
19.73
18.43
16.69
17.70
17.16
17.78
19.41
20.08
6.33
17.78
17.74
73
4.20
Bookvalue per sh¥
3.32
3.59
3.71
3.99
4.20
4.04
4.15
3.64
3.35
3.62
1.12
(2.92%)
(0.13%)
—
2.32
FCF per share¥
4.73
4.69
5.62
6.74
6.69
6.60
7.27
8.33
8.46
8.45
3.78
4.80%
6.64%
—
4.05
Dividend per sh¥
1.05
1.03
1.11
1.20
1.13
1.12
1.23
1.09
1.16
1.05
2.38
(1.47%)
0.33%
—
21.92
Div yield (avg)%
10.61
12.90
14.08
13.96
11.55
13.42
13.83
12.72
15.66
16.42
2.45
13.83
13.63
45
27.24
Payout ratio%
2.90
4.72
5.46
6.43
6.47
8.67
7.90
8.77
11.00
10.00
20.03
8.77
7.18
92
105.3
Shares (diluted)M
135.1
153.2
151.9
181.5
204.2
211.0
249.8
303.1
365.4
411.2
106.6
15.03%
12.28%
16
8.01
Buyback yield%
14.57
14.90
15.61
14.45
14.76
12.99
13.81
13.63
12.69
12.98
20.58
12.99
14.13
55
0.332
D/E ratiox
1.752
1.831
1.850
1.974
2.191
2.400
2.339
2.168
2.377
2.644
0.728
2.377
2.180
37
1.287
Enterprise value¥B
1.653
1.507
1.387
1.499
1.355
1.285
1.234
1.209
1.123
1.125
0.096
(3.65%)
(3.62%)
89
1.570
LT debt¥B
1.062
1.212
1.325
1.281
1.425
1.559
1.748
1.956
2.347
2.523
1.930
12.10%
10.29%
86
Revenue
¥1.700B
8.29%
1.00×
Cost of revenue
¥823.2M
8.49%
1.02×
Operating expenses
¥399.8M
8.11%
0.98×
Property and equipment
20.09%
Cash and investments
17.62%
Spread over hurdle
(1.49%)