2.308
Revenue¥B
1.929
2.000
2.136
2.218
2.339
2.470
2.535
2.647
2.721
2.800
2.389
3.66%
4.37%
30
23.62
Revenue growth%
20.03
19.98
17.86
18.11
16.94
18.25
16.00
13.14
10.29
11.87
13.57
13.14
17.40
9
4.83
Gross margin%
23.78
22.92
22.68
24.84
25.06
23.03
23.26
22.78
23.63
26.08
16.21
23.26
23.44
92
7.98
Operating margin%
22.02
20.25
21.73
22.48
22.58
25.28
22.44
22.88
23.86
22.79
25.34
22.88
22.53
93
13.14
Net margin%
2.31
4.36
5.17
4.13
5.37
7.98
5.72
7.31
7.09
8.23
9.23
7.31
5.55
43
30.62
P/E ratio (avg)x
42.71
47.29
50.13
52.69
60.57
61.20
71.73
73.91
78.80
82.13
34.40
73.91
60.88
20
29.99
EV/EBITx
23.25
23.17
26.18
27.14
29.67
33.36
37.28
37.49
40.65
40.58
37.77
37.49
31.52
69
22.32
FCF yield (avg)%
14.28
15.52
16.29
18.07
20.90
19.52
19.80
19.75
19.35
22.25
6.93
19.75
19.44
53
24.60
FCF margin%
35.76
38.10
38.92
40.01
40.45
41.14
41.18
43.43
44.24
43.53
11.72
43.43
40.80
46
1.376
FCF / Net incomex
1.954
2.142
2.314
2.282
2.384
2.630
2.725
2.712
2.459
2.372
1.643
2.630
2.378
6
14.85
ROIC%
17.65
18.15
20.85
21.06
20.85
20.54
19.37
19.36
21.03
19.65
3.53
19.65
20.09
24
23.71
Return on equity%
13.72
10.86
10.22
10.79
8.90
10.58
11.93
8.94
10.94
8.45
23.53
10.58
10.68
93
29.35
Return on assets%
20.34
19.17
21.09
19.56
19.02
18.18
17.60
18.95
17.00
18.89
12.33
18.18
18.99
58
78.57
EPS¥
26.87
27.97
32.07
37.63
42.06
41.13
43.38
49.92
53.47
61.01
81.00
7.73%
10.10%
—
27.84
EPS growth%
9.85
10.14
8.36
9.74
6.82
4.68
3.16
5.14
4.57
7.36
2.86
4.68
7.09
48
26.87
Bookvalue per sh¥
109.83
109.85
116.91
110.05
118.15
124.32
131.08
136.09
153.33
165.96
52.82
7.03%
3.77%
—
126.51
FCF per share¥
89.21
92.59
88.72
85.31
80.28
76.48
72.19
65.46
64.83
68.20
117.87
(3.21%)
(3.83%)
—
65.51
Dividend per sh¥
77.07
74.07
83.38
97.26
98.24
111.85
123.65
126.63
122.11
143.16
45.20
7.82%
7.25%
—
8.24
Div yield (avg)%
1.87
3.38
0.88
3.61
6.57
6.24
4.91
3.81
3.84
1.16
17.44
3.84
3.71
11
27.45
Payout ratio%
28.98
26.13
26.01
26.07
25.25
27.94
30.72
28.30
26.03
25.78
14.55
27.94
26.10
85
15.23
Shares (diluted)M
22.75
23.71
22.54
22.73
24.57
27.55
28.28
32.89
35.65
38.28
15.43
9.27%
6.76%
17
25.08
Buyback yield%
28.13
25.65
23.06
23.76
20.77
20.99
23.46
25.83
23.29
25.56
10.72
23.46
23.61
17
0.277
D/E ratiox
2.484
2.369
2.408
2.752
3.125
3.660
3.575
3.688
4.253
4.552
0.513
3.688
3.350
87
0.120
Enterprise value¥B
0.747
0.636
0.624
0.623
0.654
0.698
0.594
0.504
0.441
0.374
1.732
(10.59%)
(6.94%)
71
1.433
LT debt¥B
2.097
2.159
1.952
2.069
2.206
2.389
2.092
1.877
2.047
2.225
1.101
0.18%
0.74%
35
Revenue
¥2.800B
4.37%
1.00×
Cost of revenue
¥1.960B
4.37%
1.00×
Operating expenses
¥605.4M
4.04%
0.97×
Goodwill & intangibles
16.41%
Property and equipment
15.83%
Spread over hurdle
(2.90%)