2.181
RevenueNT$B
2.371
2.495
2.610
2.714
2.848
2.995
3.143
3.218
3.406
3.554
2.385
4.53%
4.53%
24
12.76
Revenue growth%
22.81
20.09
18.84
19.91
16.95
18.59
16.98
18.17
18.56
16.41
2.38
18.17
18.58
45
8.47
Gross margin%
18.61
18.50
16.20
16.08
16.50
17.10
15.78
17.47
18.84
18.31
18.06
17.47
17.28
7
13.72
Operating margin%
14.57
12.61
13.93
12.45
13.99
12.51
13.70
13.19
16.18
15.45
11.19
13.70
13.82
82
26.56
Net margin%
13.27
14.43
15.45
12.94
13.73
16.06
14.94
17.00
17.41
17.56
3.73
17.00
15.20
89
23.33
P/E ratio (avg)x
28.15
28.72
33.46
36.40
42.20
41.21
45.92
49.90
51.13
55.90
26.73
49.90
41.70
46
9.047
EV/EBITx
36.57
34.74
34.62
33.89
30.36
28.38
29.85
27.70
24.89
23.96
7.141
27.70
30.10
44
27.06
FCF yield (avg)%
20.17
19.82
22.60
24.33
22.05
24.01
24.03
23.70
23.62
23.53
4.20
23.70
23.57
42
25.52
FCF margin%
27.52
30.51
30.24
31.70
34.33
33.64
32.52
35.12
37.77
34.95
13.01
34.95
33.08
28
0.409
FCF / Net incomex
1.338
1.422
1.389
1.366
1.328
1.292
1.493
1.519
1.790
1.765
1.356
1.519
1.406
90
6.30
ROIC%
26.44
23.95
23.84
22.51
22.23
24.88
22.01
23.79
22.44
21.13
19.51
22.44
23.15
31
7.56
Return on equity%
23.76
22.57
20.83
23.40
22.34
20.76
20.24
18.00
20.68
21.98
27.69
20.68
21.40
46
23.44
Return on assets%
1.84
3.19
1.47
2.26
4.51
4.40
2.33
0.76
0.40
0.40
11.12
0.76
2.05
71
16.22
EPSNT$
9.08
9.37
9.51
9.76
10.36
10.16
9.77
8.84
9.20
10.24
17.67
(0.24%)
1.11%
—
14.16
EPS growth%
20.83
23.53
23.01
20.51
22.15
23.94
25.75
24.30
25.68
26.26
13.28
25.68
23.74
56
29.37
Bookvalue per shNT$
40.00
37.21
39.60
36.96
39.59
37.29
34.12
34.17
30.75
31.64
38.38
(4.39%)
(2.53%)
—
25.07
FCF per shareNT$
23.33
25.14
28.02
25.18
25.63
27.68
28.90
25.78
25.61
26.72
24.15
0.84%
0.92%
—
32.14
Dividend per shNT$
27.08
29.51
32.64
34.14
35.56
35.81
38.49
38.87
43.57
43.16
37.71
3.95%
5.75%
—
21.38
Div yield (avg)%
9.38
11.71
12.57
12.42
14.52
14.89
15.89
15.11
15.93
15.44
5.04
15.44
14.70
67
29.30
Payout ratio%
5.10
7.40
8.61
8.10
10.43
7.59
9.71
11.50
9.69
7.69
19.38
9.69
8.36
41
60.05
Shares (diluted)M
72.80
75.00
69.35
63.14
67.71
71.97
68.26
72.78
78.58
86.86
59.45
5.11%
2.58%
73
7.59
Buyback yield%
14.42
16.62
18.03
18.52
21.30
20.88
18.58
18.80
16.51
14.57
28.79
18.58
18.28
85
0.126
D/E ratiox
0.915
0.987
1.045
0.951
0.948
1.015
0.943
0.818
0.868
0.849
0.613
0.868
0.946
37
3.703
Enterprise valueNT$B
3.784
3.842
4.021
4.551
5.174
5.893
5.769
6.673
6.602
6.928
0.303
6.02%
5.85%
39
2.110
LT debtNT$B
3.869
4.224
4.963
5.922
6.029
6.283
7.077
7.084
6.903
7.258
1.342
3.78%
7.52%
35
Cost of revenue
4.60%
1.01×
Operating expenses
4.74%
1.02×
Spread over hurdle
(1.01%)