237.1
RevenueNT$M
102.6
113.5
126.3
135.3
147.7
162.2
173.9
192.1
208.1
227.5
261.5
9.02%
9.26%
30
4.67
Revenue growth%
0.40
0.93
3.34
5.70
6.96
7.86
10.51
9.85
10.96
12.95
16.91
10.51
7.41
77
6.89
Gross margin%
24.00
23.95
22.52
23.87
26.51
26.31
23.67
24.29
22.37
19.40
3.72
23.67
23.91
84
14.63
Operating margin%
20.64
21.32
19.68
19.20
18.06
15.56
17.61
19.03
16.20
16.66
29.33
16.66
18.55
26
5.81
Net margin%
17.70
18.26
15.62
14.19
11.57
10.63
7.94
9.44
8.27
10.94
16.48
9.44
11.25
93
16.75
P/E ratio (avg)x
38.10
41.34
47.16
50.04
45.34
46.55
45.63
47.61
48.54
52.94
30.72
47.61
46.85
28
18.67
EV/EBITx
20.17
20.34
20.78
19.13
18.02
17.02
18.34
20.27
21.39
20.98
11.31
20.27
20.22
63
15.14
FCF yield (avg)%
14.81
16.32
13.61
16.54
13.87
16.23
15.53
16.52
16.21
15.39
29.92
16.21
15.87
39
22.35
FCF margin%
22.74
22.48
20.65
20.08
18.96
18.79
21.59
19.31
20.96
20.52
12.53
20.52
20.58
73
0.517
FCF / Net incomex
0.615
0.665
0.722
0.824
0.966
1.157
1.153
1.205
1.255
1.388
0.553
1.205
1.059
61
26.58
ROIC%
29.22
27.11
28.45
29.49
27.81
25.27
27.95
29.86
28.38
27.65
14.71
27.95
28.16
30
27.15
Return on equity%
0.40
1.43
1.12
0.71
0.40
0.40
2.18
4.27
2.37
4.72
26.87
2.37
1.28
20
5.31
Return on assets%
30.73
30.04
27.17
24.94
25.79
25.43
27.70
26.88
29.33
29.68
10.22
27.70
27.44
62
2.02
EPSNT$
1.18
1.10
1.25
1.26
1.34
1.30
1.42
1.40
1.50
1.69
2.14
4.77%
4.09%
—
29.29
EPS growth%
21.35
22.51
21.72
20.78
21.74
23.55
23.16
20.87
21.65
18.79
22.90
21.65
21.68
68
0.80
Bookvalue per shNT$
1.48
1.74
1.92
1.93
2.22
2.47
2.64
2.98
3.29
3.88
0.86
11.84%
10.74%
—
0.60
FCF per shareNT$
1.21
1.21
1.17
1.12
1.19
1.41
1.65
1.91
2.16
2.40
0.62
15.03%
8.87%
—
1.30
Dividend per shNT$
1.76
1.98
1.87
2.03
1.96
2.26
2.28
2.11
2.30
2.39
0.58
3.98%
3.30%
—
14.53
Div yield (avg)%
2.72
1.93
3.21
1.29
3.11
4.86
3.30
5.90
3.85
4.29
21.01
4.29
3.25
57
9.44
Payout ratio%
23.57
25.44
23.33
25.44
27.96
30.43
28.94
27.51
30.33
30.78
19.50
30.33
27.74
41
46.17
Shares (diluted)M
67.81
65.98
66.55
62.60
69.62
75.70
85.96
89.23
91.94
101.9
47.46
7.92%
5.06%
63
12.87
Buyback yield%
23.63
22.50
20.95
21.76
20.06
20.64
22.55
23.13
24.77
23.78
11.70
23.13
22.53
29
1.067
D/E ratiox
1.240
1.315
1.469
1.317
1.272
1.230
1.290
1.210
1.247
1.133
1.271
1.230
1.260
8
105.6
Enterprise valueNT$M
20.39
20.96
22.26
19.16
20.23
17.75
15.45
16.36
15.67
15.18
190.3
(5.58%)
(3.57%)
62
210.2
LT debtNT$M
206.2
224.2
252.0
278.2
323.0
373.9
388.2
374.2
425.7
490.5
238.9
8.71%
9.48%
40
Cost of revenue
9.33%
1.01×
Operating expenses
9.17%
0.99×
Goodwill & intangibles
15.91%
Property and equipment
14.66%
Spread over hurdle
(2.58%)