372.0
RevenueNT$M
347.4
369.0
407.0
445.7
488.6
533.2
566.4
606.9
664.8
729.6
383.0
8.35%
8.46%
35
6.94
Revenue growth%
3.67
5.51
8.03
7.31
8.57
6.44
4.31
2.49
4.92
5.25
2.45
4.92
5.38
93
14.22
Gross margin%
15.64
13.74
15.08
17.97
17.25
19.83
21.67
21.25
21.98
23.33
8.50
21.67
18.90
84
5.54
Operating margin%
7.60
8.03
7.18
5.79
7.15
5.40
4.66
1.89
2.20
2.08
21.53
2.20
5.60
86
5.21
Net margin%
25.26
27.23
26.47
25.48
26.51
24.18
25.17
24.07
23.56
20.79
7.43
24.07
25.21
85
13.08
P/E ratio (avg)x
33.65
34.90
38.34
41.19
41.45
37.84
38.83
42.45
42.35
43.70
31.04
42.35
40.01
55
13.35
EV/EBITx
12.26
13.56
12.95
12.61
14.09
15.91
18.25
18.65
20.64
21.27
26.38
18.65
15.00
53
8.16
FCF yield (avg)%
19.35
21.30
23.16
20.21
20.83
21.64
19.41
16.88
18.96
21.04
20.01
19.41
20.52
50
18.98
FCF margin%
15.72
16.90
18.18
18.04
17.61
17.91
17.75
19.74
20.75
22.96
25.27
19.74
17.98
36
1.087
FCF / Net incomex
0.369
0.381
0.366
0.361
0.362
0.355
0.413
0.392
0.404
0.374
1.032
0.392
0.371
58
2.11
ROIC%
0.40
0.40
0.40
0.40
0.40
1.06
0.45
0.50
2.02
0.84
22.45
0.84
0.42
11
5.69
Return on equity%
20.87
21.75
21.09
19.27
19.48
19.49
19.61
19.32
19.08
20.55
14.24
19.49
19.55
79
2.78
Return on assets%
20.40
21.15
19.82
19.11
16.81
17.14
19.92
19.52
19.16
16.27
15.39
19.16
19.34
36
5.57
EPSNT$
6.85
7.23
7.90
7.53
6.96
7.60
8.28
8.89
8.91
9.52
5.72
6.47%
3.01%
—
7.68
EPS growth%
8.26
9.62
12.09
9.51
9.70
6.74
4.89
4.09
3.02
4.02
29.72
4.09
7.50
31
6.59
Bookvalue per shNT$
5.90
6.18
6.65
6.76
6.60
6.93
8.05
9.72
10.14
10.42
2.82
9.55%
7.70%
—
6.47
FCF per shareNT$
8.74
9.41
9.92
9.74
9.92
10.45
11.09
10.95
10.98
10.12
4.80
0.41%
1.96%
—
5.62
Dividend per shNT$
2.79
2.64
2.43
2.30
2.41
2.22
2.18
2.12
2.08
2.12
1.82
(2.53%)
(1.58%)
—
16.11
Div yield (avg)%
7.99
5.80
4.92
2.55
4.38
5.11
2.36
5.33
4.06
6.34
2.30
5.11
5.02
46
13.49
Payout ratio%
14.39
12.86
10.18
11.61
12.77
12.33
13.54
16.18
18.05
15.44
8.02
15.44
13.20
62
58.67
Shares (diluted)M
59.63
65.25
62.32
58.53
59.05
54.11
50.11
43.80
44.23
42.71
55.90
(6.27%)
(2.62%)
28
16.67
Buyback yield%
9.86
8.55
6.88
7.49
5.98
4.71
2.22
2.85
1.16
0.40
27.14
2.22
5.35
24
0.780
D/E ratiox
1.104
1.018
1.047
0.898
0.888
0.769
0.835
0.710
0.648
0.605
0.265
0.710
0.861
78
485.4
Enterprise valueNT$M
338.7
383.3
382.4
392.1
429.7
448.3
483.2
463.9
491.6
471.8
577.0
1.88%
3.32%
95
0.381
LT debtNT$B
0.584
0.633
0.639
0.727
0.825
0.825
0.860
0.985
1.129
1.079
0.147
5.51%
7.09%
68
Cost of revenue
8.26%
0.98×
Operating expenses
8.74%
1.03×
Cash and investments
16.57%
Spread over hurdle
20.03%