2.000
RevenueSR B
1.019
1.112
1.215
1.317
1.405
1.521
1.678
1.800
1.926
2.121
2.181
8.59%
8.30%
47
28.25
Revenue growth%
11.08
13.31
15.36
17.45
18.97
20.02
22.70
23.12
22.10
20.54
22.15
22.10
19.49
10
4.26
Gross margin%
1.29
1.19
2.28
4.71
7.40
8.35
10.47
13.19
13.70
16.14
21.44
13.19
7.87
24
25.88
Operating margin%
9.34
7.34
5.11
2.89
4.65
4.03
2.17
0.40
2.21
2.28
28.25
2.21
3.46
86
28.09
Net margin%
35.21
34.54
35.94
36.85
37.10
38.22
36.76
36.20
34.04
33.22
21.73
36.20
36.07
76
15.40
P/E ratio (avg)x
32.71
35.66
35.14
33.87
35.50
33.66
37.44
32.77
34.17
32.32
16.14
33.66
34.02
7
26.09
EV/EBITx
46.78
51.08
55.15
63.16
66.00
63.03
58.62
63.55
59.78
65.91
7.856
63.03
61.41
90
17.25
FCF yield (avg)%
0.40
0.40
0.40
2.81
1.59
0.40
2.58
1.12
1.26
0.40
13.60
1.12
0.76
33
7.51
FCF margin%
21.30
21.63
21.68
22.46
25.44
26.36
28.81
30.88
32.55
33.38
21.56
30.88
25.90
38
0.670
FCF / Net incomex
1.143
1.053
1.145
1.150
1.177
1.180
1.290
1.152
1.033
1.003
0.115
1.152
1.148
75
19.30
ROIC%
14.89
13.33
13.17
11.62
12.13
9.39
10.27
12.70
10.19
9.72
12.48
10.19
11.88
74
19.45
Return on equity%
14.91
13.65
13.21
12.05
11.33
9.02
9.07
10.54
7.83
10.41
21.95
9.07
10.94
38
10.56
Return on assets%
8.11
9.85
11.51
8.51
10.07
10.66
8.51
6.74
4.93
3.60
17.22
6.74
8.51
45
0.35
EPSSR
0.42
0.41
0.44
0.40
0.43
0.46
0.41
0.42
0.48
0.48
0.36
2.25%
1.15%
—
29.84
EPS growth%
24.08
25.05
25.46
23.74
26.41
28.60
25.78
22.89
23.97
21.91
26.50
23.97
24.57
25
0.10
Bookvalue per shSR
1.03
1.15
1.28
1.50
1.63
1.61
1.62
1.61
1.83
2.22
0.23
6.34%
9.31%
—
0.49
FCF per shareSR
0.26
0.25
0.26
0.29
0.32
0.35
0.33
0.36
0.35
0.35
0.12
2.37%
2.78%
—
0.22
Dividend per shSR
0.46
0.51
0.46
0.43
0.48
0.44
0.49
0.44
0.49
0.55
0.38
2.81%
1.00%
—
16.05
Div yield (avg)%
14.89
16.50
18.66
16.93
18.96
21.46
21.66
20.14
18.64
20.28
3.17
20.28
18.81
14
24.79
Payout ratio%
12.67
10.60
12.40
13.45
12.35
13.06
13.59
11.59
13.99
16.61
14.01
13.59
12.86
40
1.473
Shares (diluted)B
1.212
1.112
1.099
1.152
1.303
1.292
1.361
1.461
1.506
1.437
1.521
1.99%
1.01%
70
3.42
Buyback yield%
0.40
3.24
1.65
0.60
0.40
0.40
0.40
2.92
2.55
0.40
8.72
0.40
0.50
71
1.498
D/E ratiox
0.176
0.176
0.153
0.140
0.150
0.149
0.137
0.142
0.124
0.121
1.177
0.137
0.146
44
1.421
Enterprise valueSR B
1.189
1.283
1.404
1.496
1.428
1.631
1.525
1.726
1.984
1.830
1.965
5.09%
5.18%
6
0.498
LT debtSR B
1.631
1.806
1.911
1.922
2.057
2.357
2.578
2.758
3.099
3.371
1.579
10.38%
8.80%
6
Cost of revenue
8.82%
1.05×
Operating expenses
7.85%
0.96×
Goodwill & intangibles
14.36%
Spread over hurdle
(3.19%)