574.1
RevenueNT$M
530.8
562.0
583.5
593.6
626.9
638.4
668.8
703.3
725.4
734.4
620.1
3.22%
3.47%
34
26.15
Revenue growth%
20.05
21.24
19.67
19.31
18.04
17.97
20.27
17.48
19.46
18.81
19.61
18.81
19.38
65
3.37
Gross margin%
24.56
27.45
24.45
24.88
24.10
23.10
23.31
21.92
19.66
20.32
29.68
21.92
23.70
71
7.79
Operating margin%
15.64
16.33
19.20
19.82
22.00
24.27
23.71
25.36
25.59
27.86
13.68
25.36
22.86
38
7.91
Net margin%
21.64
19.15
18.37
20.87
22.46
23.44
23.68
24.80
24.08
26.88
10.10
24.08
22.95
30
6.867
P/E ratio (avg)x
49.52
55.30
64.53
63.12
74.28
80.01
77.96
91.43
96.01
92.23
24.00
91.43
76.12
9
12.44
EV/EBITx
7.929
8.424
7.869
8.265
8.639
7.917
6.907
7.443
6.364
6.119
33.94
6.907
7.893
32
29.61
FCF yield (avg)%
23.97
21.95
20.04
20.80
22.29
24.98
22.31
23.79
22.80
20.09
18.51
22.80
22.30
47
20.09
FCF margin%
15.75
16.05
17.79
16.92
17.03
17.01
16.80
14.67
12.80
11.92
20.86
14.67
16.42
14
1.729
FCF / Net incomex
0.138
0.141
0.160
0.193
0.208
0.233
0.266
0.297
0.333
0.350
0.507
0.297
0.220
61
16.57
ROIC%
19.03
17.12
14.95
13.11
11.24
9.96
12.70
11.05
8.70
9.92
12.09
9.96
11.97
18
5.91
Return on equity%
13.70
15.73
15.65
18.01
18.30
15.77
17.71
16.73
17.70
20.62
6.04
17.70
17.21
15
2.59
Return on assets%
27.01
28.42
28.98
30.66
32.36
31.51
34.31
31.43
31.47
30.67
9.02
31.47
31.05
31
4.09
EPSNT$
2.82
2.47
2.60
2.53
2.48
2.13
1.98
1.85
1.90
1.79
4.22
(6.30%)
(4.47%)
—
2.30
EPS growth%
23.87
24.65
21.70
24.02
24.06
25.58
24.12
21.13
20.17
19.32
20.21
21.13
23.94
25
3.48
Bookvalue per shNT$
1.68
1.55
1.48
1.69
1.83
1.66
1.55
1.57
1.73
1.58
5.25
(2.89%)
(0.33%)
—
5.22
FCF per shareNT$
2.90
2.73
2.79
3.09
3.09
3.43
3.76
3.40
3.52
3.65
4.94
3.37%
1.79%
—
3.02
Dividend per shNT$
3.07
3.46
3.67
4.22
3.95
3.82
3.80
3.71
4.04
4.19
1.87
1.19%
2.85%
—
8.15
Div yield (avg)%
8.37
7.72
8.67
8.62
9.58
10.83
10.48
8.57
8.43
8.82
12.28
8.82
8.65
5
9.80
Payout ratio%
21.47
20.26
17.55
19.04
21.71
21.29
21.23
20.69
22.15
24.67
23.71
21.29
21.26
40
49.68
Shares (diluted)M
87.82
91.25
103.4
119.5
118.8
123.5
144.2
156.6
169.0
200.5
51.14
11.03%
10.52%
80
15.10
Buyback yield%
28.00
30.58
31.30
30.95
30.41
30.20
29.89
31.55
28.57
31.07
8.73
30.20
30.50
89
1.382
D/E ratiox
0.728
0.738
0.727
0.797
0.891
1.003
1.107
1.256
1.430
1.552
0.425
1.256
0.947
70
0.767
Enterprise valueNT$B
0.687
0.679
0.782
0.881
0.968
1.005
1.081
1.273
1.350
1.390
0.148
7.51%
8.76%
90
0.145
LT debtNT$B
0.819
0.839
0.859
0.967
1.095
1.018
1.151
1.191
1.232
1.345
0.251
4.21%
4.44%
7
Cost of revenue
3.54%
1.01×
Operating expenses
3.28%
0.98×
Cash and investments
18.86%
Goodwill & intangibles
15.67%
Spread over hurdle
(3.45%)