1.026
Revenue¥B
1.013
1.051
1.095
1.145
1.207
1.285
1.354
1.402
1.486
1.589
1.062
5.66%
5.03%
81
21.21
Revenue growth%
24.52
23.25
23.35
22.29
24.42
27.19
26.27
27.58
26.92
24.52
8.61
26.92
24.52
69
9.93
Gross margin%
14.66
12.15
10.04
10.47
12.37
12.57
15.35
15.69
15.70
15.76
13.54
15.69
13.62
46
17.17
Operating margin%
16.51
18.82
17.13
19.56
17.12
19.76
17.42
20.05
19.83
20.97
8.11
19.83
19.19
20
24.75
Net margin%
21.26
22.81
23.47
21.02
22.14
24.93
25.18
24.80
26.03
24.19
24.11
24.93
23.83
37
7.859
P/E ratio (avg)x
68.94
75.13
79.53
84.97
99.16
117.3
127.8
152.8
183.9
209.3
17.46
152.8
108.2
77
19.55
EV/EBITx
34.34
33.84
39.45
39.78
37.87
44.49
45.14
42.87
42.85
47.35
12.48
44.49
41.31
50
24.84
FCF yield (avg)%
10.47
10.09
8.91
10.03
10.02
12.50
10.79
9.33
10.70
10.14
25.15
10.70
10.11
9
11.29
FCF margin%
16.86
14.97
15.13
13.73
13.22
15.72
17.84
15.34
17.87
17.91
7.73
17.84
15.53
32
1.575
FCF / Net incomex
1.045
0.908
0.781
0.681
0.733
0.698
0.685
0.679
0.606
0.650
1.777
0.679
0.691
22
15.81
ROIC%
19.79
16.88
16.92
19.92
17.79
16.56
17.07
19.52
21.90
24.53
24.58
19.52
18.66
48
23.22
Return on equity%
5.79
8.25
5.25
7.92
4.99
4.29
3.79
6.68
4.80
6.50
26.86
4.80
5.52
17
27.13
Return on assets%
9.09
10.15
11.89
14.08
13.15
15.44
17.53
20.19
20.85
18.93
6.10
18.93
14.76
21
219.25
EPS¥
466.09
491.75
565.71
566.41
610.11
729.58
816.57
809.00
910.66
890.39
227.24
7.85%
8.34%
—
4.09
EPS growth%
18.02
16.40
18.84
21.44
21.00
23.49
22.29
23.72
21.56
20.53
22.94
22.29
21.22
53
329.71
Bookvalue per sh¥
420.69
446.49
442.46
450.36
511.71
605.01
670.28
742.64
849.57
886.08
67.76
11.61%
7.80%
—
56.87
FCF per share¥
283.81
297.30
335.92
335.26
352.59
382.58
395.45
444.43
467.42
538.26
306.20
8.83%
7.45%
—
188.19
Dividend per sh¥
240.97
261.87
296.97
283.31
329.44
380.93
415.20
437.59
460.21
490.11
122.17
8.27%
8.71%
—
13.91
Div yield (avg)%
24.49
24.27
24.00
23.41
20.43
21.06
21.34
22.73
20.79
20.20
11.41
21.06
22.04
23
16.88
Payout ratio%
31.02
29.29
27.53
26.22
29.01
31.95
29.43
27.85
27.16
28.28
26.49
28.28
28.65
73
2.769
Shares (diluted)M
3.870
4.231
3.887
3.892
3.751
3.661
3.811
4.133
4.067
4.347
2.767
2.99%
2.24%
55
26.30
Buyback yield%
6.10
5.42
7.64
7.21
7.64
8.41
10.37
11.21
8.93
7.83
13.06
8.93
7.74
38
1.558
D/E ratiox
1.938
2.246
2.595
2.679
2.669
2.686
3.122
3.458
3.538
4.157
1.751
3.458
2.682
89
1,960
Enterprise value¥M
246.6
273.8
320.2
327.3
386.3
431.6
463.9
470.8
555.9
607.4
565.7
9.48%
10.17%
63
1.656
LT debt¥B
0.345
0.352
0.383
0.442
0.458
0.491
0.479
0.499
0.494
0.477
1.244
0.82%
4.19%
49
Revenue
¥1.589B
5.03%
1.00×
Cost of revenue
¥838.9M
4.98%
1.00×
Operating expenses
¥383.6M
5.70%
1.07×
Goodwill & intangibles
17.98%
Cash and investments
16.50%
Spread over hurdle
(1.66%)