380.8
RevenueNT$M
220.9
233.3
244.2
260.1
283.4
295.9
317.4
341.0
371.3
405.4
419.3
7.42%
6.77%
71
23.60
Revenue growth%
24.41
22.49
20.50
20.86
19.55
17.43
16.19
16.97
15.95
18.85
18.32
16.97
19.20
78
17.20
Gross margin%
0.40
0.40
0.40
0.40
1.30
0.40
3.28
2.22
0.40
0.52
23.96
0.52
0.40
29
21.23
Operating margin%
18.90
20.08
21.24
19.32
18.33
20.85
18.61
16.83
16.62
14.21
23.14
16.83
18.75
84
19.09
Net margin%
10.24
10.97
8.72
8.40
7.60
9.15
9.88
8.76
11.50
10.44
10.15
9.88
9.51
84
34.71
P/E ratio (avg)x
28.69
26.62
27.03
30.36
32.95
30.82
29.79
29.97
33.75
32.30
28.75
30.82
30.16
71
30.56
EV/EBITx
10.95
9.409
9.377
8.230
8.284
8.806
8.582
8.603
7.414
7.556
14.54
8.582
8.592
32
19.66
FCF yield (avg)%
13.38
11.50
10.58
9.71
11.07
8.87
10.63
12.39
15.03
14.40
27.02
12.39
11.28
72
21.04
FCF margin%
1.02
0.40
0.40
0.40
0.68
0.40
2.75
2.83
0.60
0.40
7.71
0.60
0.50
13
0.238
FCF / Net incomex
0.754
0.724
0.748
0.859
0.972
0.939
0.888
0.976
1.018
0.986
1.798
0.976
0.913
37
3.46
ROIC%
3.60
5.03
7.35
5.48
7.49
7.95
10.56
7.80
4.94
3.82
17.97
7.80
6.41
60
2.47
Return on equity%
20.46
18.02
18.86
20.88
17.94
20.09
20.49
20.37
18.13
17.32
28.75
20.09
19.48
12
27.65
Return on assets%
13.98
11.14
11.50
9.45
11.05
9.40
8.45
6.62
5.26
3.16
13.68
6.62
9.43
70
2.65
EPSNT$
3.25
3.52
3.73
3.67
3.91
3.47
3.05
2.77
2.72
2.71
2.95
(7.12%)
(3.02%)
—
20.63
EPS growth%
26.68
24.52
22.71
23.00
20.58
20.73
19.07
17.20
19.15
18.28
3.12
19.07
20.65
13
2.01
Bookvalue per shNT$
0.83
0.76
0.75
0.66
0.66
0.58
0.61
0.55
0.54
0.54
2.86
(3.78%)
(3.59%)
—
3.53
FCF per shareNT$
1.94
1.87
1.79
1.85
1.93
2.02
2.02
2.11
2.25
2.09
5.00
1.57%
0.51%
—
4.74
Dividend per shNT$
1.36
1.47
1.50
1.51
1.48
1.40
1.36
1.26
1.25
1.31
2.85
(2.49%)
(0.93%)
—
24.38
Div yield (avg)%
5.77
5.90
7.98
8.09
8.34
7.87
9.23
11.35
11.97
11.85
22.30
11.35
8.22
30
29.74
Payout ratio%
20.02
17.93
20.29
21.75
22.31
21.38
21.18
21.78
21.57
23.36
27.73
21.57
21.48
34
20.28
Shares (diluted)M
29.54
32.85
33.95
34.38
35.43
37.23
39.95
38.60
42.50
40.87
20.28
2.90%
3.96%
37
24.98
Buyback yield%
8.82
7.15
5.81
3.57
1.54
0.40
0.40
0.40
1.35
2.27
10.46
0.40
1.90
26
0.235
D/E ratiox
2.054
2.412
2.607
2.865
2.892
3.364
3.466
3.787
3.828
4.411
0.367
3.787
3.128
55
455.0
Enterprise valueNT$M
391.7
407.3
390.9
370.3
352.9
342.2
355.8
322.1
291.3
274.3
43.65
(4.92%)
(3.25%)
92
0.124
LT debtNT$B
0.502
0.513
0.564
0.631
0.713
0.801
0.938
0.999
1.095
1.301
0.219
12.77%
9.50%
68
Cost of revenue
6.86%
1.01×
Operating expenses
6.61%
0.98×
Property and equipment
18.07%
Goodwill & intangibles
17.75%
Cash and investments
14.61%
Spread over hurdle
17.74%