162.3
RevenueNT$M
185.6
192.9
205.9
221.4
228.3
236.4
249.4
264.8
276.7
294.7
172.9
5.24%
5.18%
31
10.25
Revenue growth%
3.91
4.58
1.67
2.33
2.91
5.51
6.32
6.95
7.45
5.39
10.65
6.32
4.98
18
19.87
Gross margin%
10.68
13.33
12.78
15.68
12.74
12.21
13.38
11.03
9.21
8.85
5.60
11.03
12.47
54
4.58
Operating margin%
3.76
1.89
1.28
2.86
3.98
4.24
6.21
7.85
10.48
11.03
11.21
7.85
4.11
70
24.94
Net margin%
14.57
15.85
17.36
18.14
20.92
21.77
23.20
23.94
23.45
26.07
11.48
23.45
21.34
86
19.96
P/E ratio (avg)x
28.27
29.62
28.66
26.02
25.33
25.77
22.97
21.22
19.99
18.18
6.694
21.22
25.55
82
27.42
EV/EBITx
19.17
21.25
21.64
25.18
26.88
31.90
32.20
34.09
39.17
41.02
32.68
34.09
29.39
9
10.94
FCF yield (avg)%
21.04
20.66
17.68
15.45
14.24
16.64
14.34
15.25
14.53
17.40
24.95
15.25
16.05
55
13.40
FCF margin%
2.14
0.40
0.77
1.88
0.40
1.11
3.23
5.92
4.43
4.61
24.88
4.43
2.01
31
1.646
FCF / Net incomex
1.129
1.272
1.312
1.571
1.832
1.900
2.245
2.670
2.667
3.018
0.865
2.667
1.866
41
18.94
ROIC%
19.67
21.09
22.96
25.81
26.07
24.70
27.43
25.08
24.28
23.58
28.13
24.70
24.49
28
12.17
Return on equity%
7.48
7.88
7.13
9.60
10.17
8.68
5.88
4.20
6.67
5.55
7.66
5.88
7.30
26
9.58
Return on assets%
9.57
6.68
7.17
4.56
2.95
5.69
8.02
5.20
6.54
5.46
6.61
5.69
6.11
63
3.55
EPSNT$
0.97
0.95
0.92
1.02
1.00
1.00
0.87
0.83
0.90
0.98
3.94
(0.32%)
0.80%
—
3.99
EPS growth%
24.90
27.23
29.86
31.61
31.38
32.55
33.23
34.91
33.47
36.09
20.39
33.47
32.08
68
0.95
Bookvalue per shNT$
5.84
6.51
7.32
8.00
7.87
8.25
8.32
9.93
10.83
12.61
2.71
9.90%
8.32%
—
3.22
FCF per shareNT$
1.34
1.41
1.43
1.53
1.60
1.61
1.63
1.76
1.56
1.43
3.86
(2.18%)
1.34%
—
1.13
Dividend per shNT$
6.00
5.89
6.69
6.05
6.53
6.10
5.73
5.34
5.95
6.70
3.34
0.51%
1.48%
—
11.79
Div yield (avg)%
25.71
26.04
23.59
24.42
27.36
26.68
27.64
25.44
24.57
25.61
4.36
25.61
25.66
78
11.04
Payout ratio%
8.10
5.10
5.21
6.61
6.87
7.14
6.50
6.39
7.19
8.12
15.18
7.14
6.74
91
91.08
Shares (diluted)M
115.6
122.0
130.9
127.2
124.3
126.8
134.0
147.2
155.5
145.6
92.57
3.22%
3.56%
58
17.90
Buyback yield%
28.52
28.08
30.63
30.61
32.58
34.10
31.67
33.06
33.87
33.87
9.55
33.87
32.13
90
1.411
D/E ratiox
0.743
0.746
0.815
0.782
0.831
0.802
0.806
0.846
0.805
0.794
1.329
0.805
0.803
51
206.7
Enterprise valueNT$M
361.2
375.4
373.6
366.1
424.1
432.2
444.5
476.3
455.9
524.2
194.2
4.33%
4.99%
23
215.3
LT debtNT$M
186.6
187.8
184.6
186.8
184.2
206.9
224.3
229.6
221.3
233.7
20.21
4.88%
3.00%
10
Cost of revenue
5.00%
0.98×
Operating expenses
5.26%
1.01×
Cash and investments
14.46%
Spread over hurdle
12.21%