203.6
RevenueNT$M
161.2
177.0
191.1
207.6
220.8
242.1
261.9
287.6
305.0
334.5
224.2
8.67%
8.48%
76
19.10
Revenue growth%
11.06
12.92
12.58
14.67
14.01
11.68
10.02
9.69
7.31
10.10
16.62
10.02
11.37
46
17.73
Gross margin%
22.05
19.34
18.95
17.18
18.80
21.11
20.23
17.26
18.63
18.74
29.73
18.74
18.88
72
16.35
Operating margin%
11.04
13.37
13.06
11.78
9.37
7.42
6.99
7.08
9.43
10.51
4.64
7.42
9.97
11
10.53
Net margin%
25.29
27.13
29.62
30.26
31.22
30.82
31.92
33.14
35.60
37.47
13.58
33.14
31.02
54
23.42
P/E ratio (avg)x
13.19
13.08
13.58
14.48
15.53
17.87
18.80
19.47
19.76
21.63
24.16
19.47
16.70
90
6.597
EV/EBITx
21.08
22.97
20.41
21.25
22.14
19.76
17.43
16.44
17.02
18.16
30.13
17.43
20.09
47
2.55
FCF yield (avg)%
4.51
2.28
1.98
0.40
0.40
3.28
5.17
7.47
9.96
9.84
13.19
7.47
3.90
10
12.46
FCF margin%
13.63
11.32
11.33
13.68
11.01
11.01
10.69
10.72
9.00
10.79
3.65
10.72
11.01
69
1.394
FCF / Net incomex
0.708
0.703
0.754
0.760
0.834
0.950
1.008
0.957
1.026
1.155
0.938
1.008
0.892
21
6.37
ROIC%
20.47
20.02
21.25
21.50
20.53
22.16
22.27
21.71
19.22
17.30
17.91
21.71
20.89
92
24.58
Return on equity%
26.97
27.06
27.29
28.04
28.64
29.28
28.11
30.11
30.08
29.94
7.09
29.94
28.37
51
24.67
Return on assets%
11.17
9.53
6.61
7.40
6.50
8.79
7.37
7.70
5.50
5.60
24.69
7.37
7.38
57
0.95
EPSNT$
3.02
3.00
3.06
3.39
3.37
4.05
4.01
4.60
4.95
5.31
1.01
9.50%
5.54%
—
13.24
EPS growth%
21.21
19.61
19.14
18.14
20.75
19.67
19.18
18.18
19.51
21.31
19.56
19.51
19.56
73
0.74
Bookvalue per shNT$
1.56
1.48
1.34
1.40
1.43
1.32
1.35
1.36
1.21
1.18
1.79
(3.73%)
(2.19%)
—
2.19
FCF per shareNT$
0.48
0.49
0.50
0.55
0.60
0.64
0.56
0.62
0.64
0.65
2.40
1.66%
3.04%
—
2.68
Dividend per shNT$
0.74
0.67
0.67
0.61
0.52
0.50
0.48
0.51
0.54
0.52
2.90
(0.17%)
(4.08%)
—
13.73
Div yield (avg)%
20.59
18.93
20.27
22.03
20.52
22.89
22.23
24.82
26.76
26.60
26.47
24.82
22.13
21
16.86
Payout ratio%
32.03
31.82
28.87
30.24
31.48
29.50
31.41
30.94
28.81
26.78
15.46
29.50
30.59
11
55.61
Shares (diluted)M
55.52
61.27
58.17
66.72
70.73
69.97
67.69
73.49
74.91
69.87
57.88
(0.24%)
2.74%
28
20.72
Buyback yield%
19.94
19.05
17.36
14.52
15.66
15.69
18.64
16.65
17.96
17.39
6.76
17.39
17.37
33
0.365
D/E ratiox
0.334
0.395
0.409
0.405
0.445
0.534
0.635
0.764
0.880
0.871
1.390
0.764
0.490
33
161.6
Enterprise valueNT$M
263.9
309.7
304.2
305.3
364.8
376.3
400.3
422.8
466.1
475.8
24.71
5.46%
7.00%
85
161.4
LT debtNT$M
108.2
106.4
110.1
120.8
130.9
134.3
136.8
142.9
141.7
156.8
185.1
3.68%
3.58%
58
Cost of revenue
8.48%
1.00×
Operating expenses
8.54%
1.01×
Goodwill & intangibles
22.47%
Property and equipment
14.09%
Spread over hurdle
(2.85%)