104.4
Revenue$M
101.5
108.3
112.7
116.9
123.5
130.0
137.0
144.8
152.6
163.8
109.7
5.82%
5.42%
61
16.79
Revenue growth%
15.57
18.49
18.53
20.82
19.30
21.46
18.80
19.23
21.91
22.05
8.32
21.46
19.27
13
15.28
Gross margin%
28.65
25.93
27.34
25.11
23.86
23.34
26.17
23.49
25.14
27.39
7.06
25.14
25.53
86
18.66
Operating margin%
14.36
12.96
12.17
15.15
15.78
13.83
12.95
11.89
11.19
12.21
17.03
12.21
12.95
17
19.45
Net margin%
27.85
26.12
26.32
28.26
28.92
26.36
28.43
26.30
24.59
24.43
7.15
26.30
26.34
73
20.93
P/E ratio (avg)x
26.56
25.87
24.65
22.58
24.75
27.02
29.10
25.87
26.12
23.91
10.54
26.12
25.87
34
11.52
EV/EBITx
10.83
11.95
11.62
12.82
11.38
11.23
11.92
10.89
9.943
9.038
27.50
10.89
11.31
73
13.64
FCF yield (avg)%
11.46
12.05
14.26
16.71
16.97
14.43
15.49
16.50
18.58
17.67
10.53
16.50
15.99
67
18.05
FCF margin%
21.56
20.47
19.63
20.38
20.82
20.10
19.91
17.68
17.32
19.50
10.39
19.50
20.00
18
0.751
FCF / Net incomex
0.389
0.391
0.422
0.418
0.440
0.430
0.433
0.420
0.453
0.389
1.376
0.430
0.421
87
26.04
ROIC%
18.71
20.60
18.64
18.65
20.40
22.37
24.53
27.14
24.44
22.73
19.31
24.44
21.48
17
25.53
Return on equity%
26.53
24.86
24.18
24.12
27.03
25.13
22.69
23.00
20.04
20.33
19.55
22.69
24.15
69
18.13
Return on assets%
25.25
27.33
26.79
28.77
29.01
27.55
27.56
27.76
26.60
27.92
19.80
27.56
27.56
64
0.40
EPS$
0.82
0.85
0.83
0.85
1.01
1.02
1.10
1.11
1.33
1.58
0.43
9.42%
8.66%
—
21.91
EPS growth%
10.54
13.33
13.02
14.08
13.67
13.65
13.19
14.66
15.01
13.49
7.11
13.65
13.57
32
0.80
Bookvalue per sh$
0.78
0.88
0.85
0.97
1.00
1.19
1.16
1.12
1.25
1.47
0.56
7.96%
7.21%
—
0.62
FCF per share$
2.60
2.95
3.14
3.61
3.84
3.99
3.95
4.22
5.08
5.91
0.82
9.03%
8.65%
—
1.88
Dividend per sh$
0.22
0.19
0.18
0.18
0.16
0.18
0.16
0.17
0.17
0.15
0.40
(1.65%)
(3.34%)
—
18.15
Div yield (avg)%
19.30
20.09
20.77
23.07
21.85
21.15
18.43
16.36
16.03
18.97
14.82
18.43
19.69
47
13.66
Payout ratio%
4.34
5.22
4.42
4.89
5.15
7.27
10.12
10.08
10.20
11.02
11.86
10.12
6.24
70
60.18
Shares (diluted)M
65.06
67.68
73.65
81.52
81.90
79.37
77.40
70.19
79.43
87.06
60.77
1.23%
2.44%
86
12.49
Buyback yield%
10.54
13.45
13.39
13.14
14.99
14.92
14.26
14.52
15.20
16.15
10.39
14.92
14.39
39
0.423
D/E ratiox
1.444
1.482
1.301
1.230
1.256
1.260
1.205
1.172
1.063
1.069
0.608
1.172
1.243
75
133.2
Enterprise value$M
118.2
129.8
157.1
178.1
214.8
229.3
263.1
271.1
318.5
312.1
110.6
7.76%
10.71%
20
162.9
LT debt$M
21.25
21.46
19.67
22.34
21.46
20.68
23.15
26.21
26.05
24.82
121.0
2.96%
0.80%
81
Revenue
$163.8M
5.42%
1.00×
Cost of revenue
$108.6M
5.40%
1.00×
Operating expenses
$25.24M
5.00%
0.96×
Spread over hurdle
(2.32%)