1.987
Revenue¥B
1.456
1.568
1.686
1.793
1.930
2.061
2.274
2.467
2.697
2.942
2.073
8.80%
8.34%
11
8.60
Revenue growth%
16.01
17.51
14.90
12.56
12.25
12.67
11.58
9.03
8.24
6.37
26.03
9.03
12.40
43
29.39
Gross margin%
23.79
24.45
25.15
23.85
21.64
19.62
18.14
18.45
19.88
22.79
13.74
19.62
22.22
85
29.61
Operating margin%
11.48
10.86
11.72
12.85
15.11
12.85
14.56
15.62
13.69
14.79
22.17
14.56
13.27
73
12.58
Net margin%
6.16
3.58
4.43
4.47
1.51
2.15
0.40
0.40
2.15
0.81
8.03
0.81
2.15
79
12.76
P/E ratio (avg)x
24.67
23.52
25.56
28.16
29.77
30.65
31.77
28.60
28.53
26.80
11.94
28.60
28.34
70
33.23
EV/EBITx
39.68
45.27
47.95
45.89
46.40
50.55
53.73
61.10
57.99
61.51
20.17
57.99
49.25
87
17.55
FCF yield (avg)%
11.52
10.14
9.75
12.22
10.90
9.27
11.71
13.39
11.03
12.28
29.17
11.71
11.28
94
21.55
FCF margin%
7.92
6.45
3.70
2.66
5.10
4.64
3.89
3.16
0.53
0.47
25.50
3.16
3.79
17
0.737
FCF / Net incomex
1.004
1.038
1.068
1.052
1.075
1.003
0.921
0.922
0.995
1.059
0.113
0.995
1.021
83
6.72
ROIC%
28.66
28.47
29.68
28.87
31.61
34.54
37.38
34.62
33.69
32.40
2.91
34.54
32.00
11
14.48
Return on equity%
8.08
5.55
7.45
7.70
8.97
7.95
5.17
7.17
9.73
10.14
5.58
7.95
7.83
41
20.16
Return on assets%
24.51
25.28
26.90
26.56
27.42
25.08
26.34
25.55
24.68
23.97
21.78
25.08
25.42
89
108.72
EPS¥
128.28
149.77
163.19
179.79
200.33
208.31
217.33
241.67
247.93
246.04
120.45
4.20%
7.66%
—
29.55
EPS growth%
8.08
6.46
6.95
5.42
4.65
2.96
1.68
3.69
3.07
0.71
18.14
2.96
4.17
53
94.72
Bookvalue per sh¥
277.99
307.35
309.62
343.59
337.60
347.82
378.03
383.68
383.74
402.76
124.22
3.59%
3.24%
—
121.06
FCF per share¥
143.55
150.78
148.60
140.80
165.64
195.61
226.36
219.60
212.25
224.71
163.13
6.29%
4.98%
—
200.76
Dividend per sh¥
52.11
58.67
56.81
62.31
62.57
58.93
60.40
68.91
76.60
75.03
253.08
3.70%
3.12%
—
20.17
Div yield (avg)%
15.30
13.62
15.43
14.97
14.50
12.42
10.89
8.87
7.18
7.31
22.26
8.87
13.02
71
13.42
Payout ratio%
14.72
15.48
13.09
14.91
13.32
14.03
15.02
16.61
15.55
13.03
14.72
15.02
14.81
6
10.02
Shares (diluted)M
13.76
14.47
14.61
15.88
17.90
18.21
18.72
18.47
19.43
19.83
10.06
2.07%
4.16%
70
14.61
Buyback yield%
17.63
20.22
19.81
17.31
16.78
17.10
17.90
20.54
20.81
18.24
5.38
18.24
18.07
40
0.103
D/E ratiox
1.043
1.127
1.250
1.148
1.267
1.327
1.191
1.295
1.235
1.144
1.171
1.235
1.213
94
1.213
Enterprise value¥B
2.114
1.872
1.619
1.479
1.596
1.381
1.341
1.163
1.024
1.019
1.957
(8.59%)
(8.10%)
12
0.384
LT debt¥B
1.766
1.915
2.197
2.282
2.649
2.989
3.261
3.772
4.195
4.523
2.625
11.29%
10.73%
21
Revenue
¥2.942B
8.34%
1.00×
Cost of revenue
¥2.016B
8.69%
1.03×
Operating expenses
¥629.7M
7.69%
0.94×
Goodwill & intangibles
18.07%
Spread over hurdle
(4.41%)