1.672
Revenue¥B
1.058
1.093
1.139
1.218
1.307
1.365
1.428
1.541
1.618
1.707
1.722
5.48%
5.50%
51
16.25
Revenue growth%
21.24
20.48
18.55
15.69
18.47
18.24
18.68
19.35
17.78
18.76
4.67
18.68
18.61
71
13.95
Gross margin%
31.08
29.90
27.87
28.08
30.53
32.68
35.34
33.59
33.01
32.33
3.77
33.01
31.70
60
11.15
Operating margin%
13.62
15.93
16.22
17.79
17.72
16.23
17.74
18.79
18.86
16.03
7.51
17.74
16.98
67
25.17
Net margin%
28.30
25.74
22.75
20.10
19.22
20.18
23.01
25.68
24.60
25.04
15.00
24.60
23.80
16
35.25
P/E ratio (avg)x
40.17
41.79
40.46
41.83
44.08
43.77
47.14
43.26
48.13
48.72
21.02
47.14
43.52
69
20.26
EV/EBITx
5.025
4.627
4.183
4.056
3.785
3.482
3.608
3.658
3.670
3.502
33.29
3.608
3.727
93
25.27
FCF yield (avg)%
22.21
20.63
20.75
21.59
19.73
22.33
21.08
22.15
20.24
18.17
7.25
21.08
20.91
9
22.06
FCF margin%
21.28
23.78
25.91
26.22
28.94
26.84
24.14
26.36
23.99
24.73
28.89
24.73
25.32
20
1.440
FCF / Net incomex
1.433
1.347
1.530
1.603
1.786
1.825
2.036
2.173
2.115
2.293
0.443
2.115
1.805
31
13.22
ROIC%
9.37
9.58
10.92
12.34
12.33
11.37
10.74
9.78
10.81
11.44
24.26
10.81
10.87
43
7.90
Return on equity%
21.17
20.19
19.97
18.55
17.88
18.38
20.60
19.02
16.38
16.19
28.33
18.38
18.79
54
22.22
Return on assets%
5.13
3.75
1.12
1.08
1.39
0.40
0.40
0.67
0.40
0.40
22.25
0.40
0.88
88
1.05
EPS¥
2.85
2.90
3.10
3.40
3.65
4.19
4.07
4.59
4.71
4.86
1.13
5.87%
6.63%
—
7.14
EPS growth%
12.81
12.01
12.46
11.51
12.24
11.25
11.93
13.59
11.89
11.29
21.37
11.89
11.97
19
2.60
Bookvalue per sh¥
3.42
3.62
3.53
3.67
3.93
3.87
3.89
4.05
4.55
4.80
0.59
4.10%
4.18%
—
1.70
FCF per share¥
3.31
3.87
4.66
4.77
5.11
5.88
7.09
7.84
9.26
9.37
0.79
12.87%
12.79%
—
1.87
Dividend per sh¥
1.77
1.65
1.57
1.71
1.88
1.86
1.94
1.84
1.96
1.99
0.46
1.13%
1.36%
—
14.12
Div yield (avg)%
16.06
16.75
15.00
12.69
10.30
9.79
7.31
9.28
9.35
8.01
11.85
9.28
10.04
55
15.47
Payout ratio%
23.75
22.39
21.85
19.19
18.19
19.67
18.85
21.32
20.25
22.59
2.62
20.25
20.78
22
147.3
Shares (diluted)M
266.0
259.0
271.2
280.0
330.0
377.9
368.3
393.9
401.5
455.4
151.5
6.65%
6.64%
5
16.19
Buyback yield%
24.19
24.29
27.20
24.82
26.40
27.58
26.09
23.77
22.81
22.96
16.73
23.77
24.56
24
1.765
D/E ratiox
0.228
0.211
0.199
0.196
0.213
0.209
0.205
0.205
0.221
0.218
1.394
0.209
0.210
84
1,513
Enterprise value¥M
411.3
401.5
464.5
512.2
500.4
482.9
504.9
500.5
526.1
618.6
941.0
4.33%
5.84%
68
1.276
LT debt¥B
0.516
0.540
0.606
0.563
0.565
0.543
0.541
0.621
0.686
0.674
1.636
3.59%
2.48%
56
Revenue
¥1.707B
5.50%
1.00×
Cost of revenue
¥1.160B
5.69%
1.02×
Operating expenses
¥378.0M
5.03%
0.96×
Goodwill & intangibles
17.02%
Spread over hurdle
(6.27%)