2.938
RevenueNT$B
2.955
3.190
3.431
3.678
4.001
4.319
4.704
5.168
5.622
5.952
3.197
8.27%
8.01%
57
11.17
Revenue growth%
16.79
17.30
18.25
20.07
20.37
21.45
23.76
23.65
24.86
27.70
11.42
23.76
20.91
64
9.37
Gross margin%
24.66
23.19
23.81
25.57
28.09
29.06
28.45
28.43
30.86
33.18
20.24
29.06
28.26
35
28.27
Operating margin%
23.28
20.96
18.79
17.50
19.92
19.12
21.57
23.95
22.08
21.62
26.36
21.62
21.26
45
27.36
Net margin%
1.56
2.97
4.48
3.59
2.31
3.66
1.81
1.06
2.15
1.62
24.69
1.81
2.23
90
11.11
P/E ratio (avg)x
41.54
45.79
49.47
49.11
49.30
50.93
49.00
49.84
54.21
54.57
12.51
50.93
49.38
53
20.89
EV/EBITx
32.21
30.98
33.08
36.25
40.18
47.02
46.26
49.14
49.17
52.38
24.21
49.14
43.22
6
13.92
FCF yield (avg)%
27.67
26.00
26.55
28.86
30.74
32.77
31.54
29.51
31.77
33.66
12.03
31.77
30.13
51
21.58
FCF margin%
21.79
21.68
18.80
17.73
19.06
20.93
23.51
24.93
26.54
25.48
26.54
24.93
21.73
54
1.391
FCF / Net incomex
1.750
1.734
1.866
2.038
2.260
2.556
2.552
2.586
2.860
3.175
1.249
2.586
2.406
19
22.74
ROIC%
29.00
27.27
28.40
28.37
28.12
30.04
27.32
26.53
26.50
27.58
15.23
27.32
27.85
77
17.79
Return on equity%
31.53
30.94
33.16
33.01
33.27
32.69
34.41
36.58
34.68
32.39
15.59
34.41
33.08
16
18.26
Return on assets%
26.42
25.57
22.90
21.35
24.16
22.55
25.06
27.96
29.40
27.04
12.91
27.04
25.31
73
23.50
EPSNT$
55.13
53.27
53.78
61.07
72.96
81.73
92.13
91.85
109.57
124.89
24.30
11.35%
9.55%
—
21.81
EPS growth%
12.23
12.64
14.19
15.82
18.20
17.91
15.28
14.82
17.46
17.33
12.78
17.33
15.55
84
63.80
Bookvalue per shNT$
26.23
27.63
27.05
29.49
34.94
39.34
39.58
43.35
44.91
53.70
28.10
8.97%
8.94%
—
30.63
FCF per shareNT$
44.88
48.24
54.24
59.78
66.41
67.41
67.34
69.88
77.73
74.80
26.58
2.41%
4.97%
—
54.52
Dividend per shNT$
48.61
45.05
44.34
45.30
51.14
55.01
61.03
55.28
60.99
56.43
17.60
1.99%
2.54%
—
14.24
Div yield (avg)%
22.59
22.48
19.65
20.16
19.26
20.48
22.35
20.83
23.18
22.52
26.26
22.35
21.59
77
13.97
Payout ratio%
14.19
14.35
12.11
11.21
11.82
14.75
11.93
12.96
14.94
12.78
18.70
12.96
12.87
62
115.0
Shares (diluted)M
188.3
181.3
188.0
181.0
187.5
181.9
195.3
203.7
217.5
233.4
115.8
4.49%
2.87%
37
28.77
Buyback yield%
20.48
17.58
15.37
16.23
13.55
12.82
12.69
11.91
10.44
10.24
10.11
11.91
13.18
85
0.261
D/E ratiox
0.943
0.804
0.685
0.709
0.630
0.637
0.637
0.590
0.533
0.489
1.319
0.590
0.637
74
2.832
Enterprise valueNT$B
1.134
1.147
1.331
1.406
1.464
1.541
1.633
1.825
1.716
1.634
0.742
2.21%
4.45%
70
6.222
LT debtNT$B
2.300
2.309
2.158
2.186
2.201
2.057
2.138
2.368
2.552
2.851
1.757
5.31%
2.85%
43
Cost of revenue
7.93%
0.99×
Operating expenses
8.14%
1.01×
Goodwill & intangibles
17.22%
Cash and investments
16.42%
Spread over hurdle
(2.80%)