1.538
RevenueNT$B
1.807
1.822
1.908
1.943
2.039
2.107
2.194
2.215
2.234
2.278
1.649
2.24%
2.82%
25
27.53
Revenue growth%
19.93
21.09
23.05
25.27
27.22
28.88
30.68
32.78
29.81
30.27
25.50
30.27
28.05
43
6.68
Gross margin%
0.40
3.09
2.15
2.42
0.61
0.40
0.40
0.70
2.45
0.40
17.23
0.40
0.65
74
27.04
Operating margin%
6.66
4.16
5.26
8.15
7.95
6.29
7.14
9.59
9.22
11.03
23.47
9.22
7.54
22
19.75
Net margin%
0.40
1.59
4.19
6.08
5.45
4.61
7.50
10.01
9.19
11.20
22.21
9.19
5.77
41
25.03
P/E ratio (avg)x
13.19
13.46
12.82
14.03
15.24
14.82
16.34
14.90
14.66
14.44
27.11
14.82
14.55
38
34.06
EV/EBITx
40.11
46.76
47.32
49.01
54.81
58.63
55.98
64.83
71.76
69.79
23.29
64.83
55.40
39
13.88
FCF yield (avg)%
2.61
4.59
4.81
7.45
8.45
10.09
9.16
10.23
8.19
9.99
11.19
9.99
8.32
12
28.06
FCF margin%
5.75
3.44
2.53
0.40
1.80
1.83
2.11
1.38
0.40
0.47
19.98
1.38
1.81
6
0.156
FCF / Net incomex
0.430
0.409
0.395
0.402
0.396
0.416
0.403
0.383
0.408
0.414
1.531
0.408
0.405
65
19.01
ROIC%
17.07
17.50
19.11
20.82
22.12
19.94
18.12
16.18
16.21
17.19
28.35
17.19
17.81
48
21.09
Return on equity%
0.40
0.40
0.40
0.40
2.56
2.93
5.06
7.79
8.55
11.41
27.91
7.79
2.75
47
24.57
Return on assets%
20.64
22.61
20.25
20.47
22.62
25.06
27.85
25.58
25.81
25.38
20.42
25.58
23.84
80
6.47
EPSNT$
1.99
1.89
1.81
1.87
1.68
1.83
1.83
1.82
1.75
1.91
6.62
2.61%
0.63%
—
27.14
EPS growth%
14.24
15.07
13.75
11.37
12.73
11.85
11.86
13.90
11.43
11.15
6.99
11.85
12.30
49
6.76
Bookvalue per shNT$
8.23
9.69
10.76
12.64
13.59
14.98
14.52
16.07
16.69
19.05
9.71
6.98%
9.05%
—
2.40
FCF per shareNT$
7.93
8.06
8.66
8.66
9.38
9.02
9.42
9.98
9.02
9.77
9.56
0.81%
1.22%
—
5.46
Dividend per shNT$
2.06
1.94
1.98
1.78
1.91
2.09
2.27
2.12
2.01
2.24
4.84
3.30%
0.87%
—
12.70
Div yield (avg)%
14.37
12.52
15.39
13.05
12.74
13.92
12.07
12.16
14.29
12.58
29.36
12.58
12.89
73
25.35
Payout ratio%
19.57
19.59
22.14
20.00
17.89
19.75
20.34
21.21
20.45
20.22
9.95
20.34
20.11
85
98.98
Shares (diluted)M
120.7
130.6
118.0
122.2
132.7
137.7
138.7
149.5
159.9
179.7
95.79
6.26%
5.35%
50
26.09
Buyback yield%
29.62
30.69
29.95
27.40
29.47
31.09
30.85
30.44
28.98
26.33
3.05
30.44
29.78
32
1.342
D/E ratiox
1.345
1.484
1.548
1.788
1.947
2.031
2.239
2.192
2.271
2.263
1.529
2.239
1.989
32
0.786
Enterprise valueNT$B
0.691
0.708
0.700
0.804
0.902
0.961
1.096
1.158
1.348
1.350
1.305
8.41%
7.82%
65
0.480
LT debtNT$B
1.039
1.188
1.288
1.314
1.295
1.444
1.649
1.650
1.683
1.641
1.765
4.84%
3.91%
53
Cost of revenue
2.82%
1.00×
Operating expenses
3.07%
1.02×
Goodwill & intangibles
20.16%
Property and equipment
19.77%
Spread over hurdle
(6.90%)