1.321
Revenue¥B
1.710
1.790
1.906
2.007
2.149
2.315
2.499
2.688
2.918
1.392
1.603
7.78%
6.93%
31
19.16
Revenue growth%
21.57
23.50
22.69
22.62
24.95
23.52
25.67
23.71
23.85
4.19
24.71
23.85
23.51
92
3.79
Gross margin%
19.94
20.15
20.39
21.57
18.76
19.80
19.97
18.44
17.01
3.06
4.45
18.76
19.95
17
22.08
Operating margin%
11.91
9.09
11.61
8.77
9.42
12.22
14.28
13.25
12.25
12.21
20.46
12.25
12.06
43
18.22
Net margin%
11.34
11.82
11.71
14.03
12.52
10.91
7.96
9.85
11.38
14.32
13.49
10.91
11.37
75
11.46
P/E ratio (avg)x
29.43
30.17
32.63
32.20
30.44
26.30
22.78
22.28
21.91
9.198
21.02
22.78
29.21
14
11.71
EV/EBITx
14.64
12.44
12.08
12.03
10.78
10.27
9.584
8.318
8.211
7.543
21.19
9.584
11.40
66
24.39
FCF yield (avg)%
14.79
12.57
13.25
12.29
14.41
13.24
11.71
11.78
9.57
24.24
2.73
11.78
12.90
28
16.07
FCF margin%
6.40
7.77
6.57
9.31
9.48
11.17
11.37
12.69
12.14
7.98
10.89
11.37
9.39
51
1.363
FCF / Net incomex
0.396
0.390
0.411
0.446
0.448
0.464
0.443
0.485
0.554
1.320
1.794
0.464
0.445
39
2.17
ROIC%
11.90
13.99
14.17
15.53
16.70
13.73
14.00
12.86
11.79
7.36
20.46
13.73
13.86
87
14.38
Return on equity%
19.47
20.29
21.84
19.13
16.55
14.08
13.12
12.69
11.61
23.82
9.88
13.12
16.98
6
27.46
Return on assets%
10.50
8.64
6.37
6.60
5.40
3.85
6.28
4.38
5.99
25.95
13.97
5.40
6.32
7
11.46
EPS¥
61.76
61.55
66.56
77.07
73.01
69.69
72.85
81.44
95.05
12.50
14.26
4.28%
3.64%
—
9.45
EPS growth%
11.50
10.36
9.88
8.11
7.85
6.37
7.72
6.73
9.50
25.97
13.99
7.72
8.81
82
23.78
Bookvalue per sh¥
33.19
29.21
27.31
29.25
28.72
25.79
25.99
25.74
22.27
33.38
31.00
(5.31%)
(6.64%)
—
10.20
FCF per share¥
75.08
76.14
87.43
100.21
105.28
108.30
118.13
116.85
136.91
28.40
25.88
6.44%
8.09%
—
57.25
Dividend per sh¥
24.28
21.37
20.52
21.43
23.22
20.89
19.21
19.15
17.55
47.97
15.33
(3.92%)
(3.46%)
—
27.47
Div yield (avg)%
29.47
27.05
29.37
31.37
30.79
32.72
30.30
32.60
31.91
29.12
29.69
31.91
30.65
73
4.17
Payout ratio%
28.47
25.64
27.57
25.70
27.93
25.79
25.30
22.33
24.88
9.38
21.54
25.30
25.74
84
18.50
Shares (diluted)M
35.46
36.53
41.31
46.60
49.40
54.85
65.70
75.96
75.64
18.00
17.77
10.17%
9.59%
18
12.83
Buyback yield%
26.51
26.07
25.50
25.21
22.54
22.78
23.00
23.18
24.23
25.63
3.04
23.00
24.17
43
0.514
D/E ratiox
1.741
1.825
1.750
1.793
1.739
1.830
1.921
2.011
2.028
1.799
1.322
1.921
1.815
31
1.460
Enterprise value¥B
2.137
2.431
2.560
2.930
3.236
3.718
4.364
4.716
5.473
1.755
0.425
13.31%
11.01%
7
1.293
LT debt¥B
1.571
1.616
1.843
1.956
2.376
2.508
2.755
3.254
3.406
1.107
1.998
11.73%
8.28%
95
Revenue
¥2.918B
6.93%
1.00×
Cost of revenue
¥2.042B
6.93%
1.00×
Operating expenses
¥504.0M
5.96%
0.91×
Cash and investments
16.09%
Property and equipment
13.95%
Spread over hurdle
(4.19%)