4.934
Revenue$M
30.06
31.15
31.03
31.19
31.01
31.20
31.94
33.10
33.73
34.30
5.134
2.04%
1.40%
50
8.85
Revenue growth%
16.29
16.43
17.78
20.35
20.52
19.00
21.17
22.43
24.80
27.72
8.00
22.43
20.43
60
23.33
Gross margin%
13.80
14.60
12.92
12.94
12.22
12.80
14.55
16.75
15.01
16.30
19.56
15.01
14.18
84
21.17
Operating margin%
16.61
16.18
13.82
16.05
15.38
18.28
20.59
17.82
18.19
20.64
4.03
18.28
17.22
39
29.43
Net margin%
23.47
24.93
22.00
24.36
26.70
29.58
27.36
27.09
29.02
27.97
29.77
27.97
26.89
90
30.94
P/E ratio (avg)x
21.73
21.80
20.98
24.37
24.57
25.37
28.91
33.83
36.82
43.05
9.439
33.83
24.97
54
14.93
EV/EBITx
10.07
9.788
10.81
9.936
10.59
9.887
9.775
9.116
9.282
9.738
20.79
9.738
9.837
17
4.64
FCF yield (avg)%
26.17
25.08
22.23
23.98
25.35
25.23
26.12
23.40
23.93
21.89
10.97
23.93
24.53
55
6.23
FCF margin%
25.95
27.47
29.77
31.67
33.03
33.71
36.36
38.46
37.05
38.00
2.45
37.05
33.37
51
1.533
FCF / Net incomex
0.570
0.607
0.606
0.543
0.541
0.551
0.530
0.507
0.504
0.498
1.194
0.507
0.542
54
10.04
ROIC%
28.34
28.61
27.12
24.94
23.40
22.08
21.14
20.51
20.01
19.23
24.99
20.51
22.74
37
20.80
Return on equity%
14.13
15.22
16.83
18.11
15.61
13.97
16.22
18.23
16.34
19.00
19.38
16.34
16.28
60
3.27
Return on assets%
14.27
13.31
15.05
14.97
12.54
14.29
16.81
17.28
14.82
13.67
26.75
14.82
14.56
47
0.35
EPS$
0.17
0.18
0.18
0.17
0.16
0.14
0.12
0.12
0.11
0.12
0.37
(6.72%)
(3.51%)
—
26.83
EPS growth%
17.89
15.65
13.81
14.66
13.03
15.43
15.45
15.99
17.90
20.58
12.60
15.99
15.55
26
0.36
Bookvalue per sh$
0.53
0.50
0.55
0.61
0.57
0.58
0.57
0.61
0.61
0.62
0.44
1.72%
1.15%
—
0.43
FCF per share$
0.49
0.55
0.53
0.55
0.59
0.57
0.59
0.56
0.57
0.66
0.25
2.21%
3.82%
—
0.33
Dividend per sh$
0.50
0.59
0.67
0.80
0.93
1.13
1.19
1.33
1.38
1.53
0.44
10.45%
12.98%
—
8.27
Div yield (avg)%
22.79
24.19
23.61
21.49
23.63
24.94
25.97
26.95
26.46
23.71
17.99
25.97
23.95
20
4.37
Payout ratio%
31.96
30.96
33.41
32.90
34.90
33.18
32.21
31.96
33.23
30.31
2.22
32.21
32.55
65
60.48
Shares (diluted)M
100.0
109.1
129.5
153.9
153.9
180.7
196.4
220.7
251.8
299.9
61.71
14.28%
13.73%
90
15.91
Buyback yield%
25.69
28.60
30.38
32.92
31.78
33.88
32.79
29.99
30.14
27.99
12.47
30.14
30.26
85
0.763
D/E ratiox
1.823
1.922
2.206
2.374
2.278
2.330
2.244
2.279
2.167
2.445
1.044
2.279
2.261
33
27.50
Enterprise value$M
43.48
46.33
53.68
58.06
64.18
74.97
74.54
87.71
91.02
88.97
11.56
6.75%
8.43%
30
24.84
LT debt$M
19.96
21.82
24.96
25.92
30.19
33.30
35.54
41.29
48.20
51.95
16.98
11.47%
10.38%
25
Revenue
$34.30M
1.40%
1.00×
Cost of revenue
$21.64M
1.33%
0.99×
Operating expenses
$8.084M
0.96%
0.96×
Cash and investments
18.20%
Spread over hurdle
(2.21%)