476.2
RevenueNT$M
282.7
303.4
318.0
342.2
368.1
395.6
419.2
448.4
480.1
502.8
490.3
6.44%
6.79%
72
20.79
Revenue growth%
12.37
11.90
14.22
15.78
16.22
17.37
17.93
17.60
20.29
19.22
6.44
17.93
16.79
92
21.40
Gross margin%
14.64
13.86
15.84
15.10
13.48
13.86
13.62
14.24
16.85
17.72
8.32
14.24
14.44
76
8.85
Operating margin%
8.71
10.63
9.72
10.11
10.87
11.60
10.98
13.03
15.53
14.68
22.84
13.03
10.92
11
5.44
Net margin%
34.21
35.38
33.12
36.00
38.93
38.28
41.26
41.50
44.47
44.06
10.62
41.50
38.61
24
13.34
P/E ratio (avg)x
13.39
13.92
12.81
12.45
12.25
12.59
12.60
13.73
15.38
17.00
31.96
13.73
13.10
58
19.35
EV/EBITx
9.438
10.14
9.312
9.565
10.61
11.84
10.98
11.67
11.25
12.56
37.87
11.67
10.80
42
18.31
FCF yield (avg)%
22.71
23.71
24.64
22.15
24.39
21.50
21.49
20.96
21.48
19.74
25.53
21.48
21.82
8
4.12
FCF margin%
13.88
15.20
14.55
15.50
13.75
11.61
8.97
9.32
6.67
6.63
26.38
8.97
12.68
72
0.333
FCF / Net incomex
1.945
2.033
2.217
2.466
2.529
2.517
2.921
2.964
3.230
3.728
1.779
2.964
2.523
27
5.05
ROIC%
28.42
28.23
25.37
24.55
22.41
22.39
20.71
18.71
20.70
22.49
20.99
20.71
22.45
82
12.72
Return on equity%
15.28
16.71
16.22
15.84
13.94
13.05
12.05
14.06
12.80
14.92
11.06
13.05
14.49
9
28.45
Return on assets%
11.87
12.04
12.83
10.92
13.87
13.31
15.47
14.71
13.51
15.06
29.12
14.71
13.41
11
1.04
EPSNT$
0.68
0.58
0.51
0.54
0.47
0.47
0.43
0.40
0.37
0.35
1.11
(5.46%)
(7.47%)
—
13.41
EPS growth%
29.05
30.83
29.66
29.18
26.69
25.79
24.86
26.41
28.71
29.08
5.63
26.41
28.88
59
0.72
Bookvalue per shNT$
0.74
0.68
0.65
0.63
0.60
0.59
0.59
0.59
0.62
0.56
2.38
(1.49%)
(3.80%)
—
0.60
FCF per shareNT$
1.91
2.27
2.64
2.65
2.98
3.17
3.50
4.21
4.25
4.25
2.67
7.38%
8.95%
—
1.06
Dividend per shNT$
0.76
0.79
0.75
0.72
0.75
0.82
0.88
0.92
0.98
1.02
2.04
6.38%
2.89%
—
14.84
Div yield (avg)%
13.66
16.04
18.03
16.58
16.69
15.28
14.62
17.16
17.18
15.88
26.40
15.88
16.31
29
11.48
Payout ratio%
26.30
24.65
27.57
24.57
23.58
20.75
19.20
19.10
20.30
23.02
3.16
20.30
23.30
16
116.4
Shares (diluted)M
130.3
142.1
128.3
117.4
127.4
125.2
141.8
160.2
167.5
174.4
114.8
6.47%
3.34%
11
23.76
Buyback yield%
14.07
15.09
14.01
13.25
10.49
7.57
9.12
6.92
5.53
7.73
2.24
7.57
9.81
13
0.851
D/E ratiox
0.588
0.570
0.576
0.660
0.609
0.598
0.617
0.616
0.582
0.593
0.565
0.598
0.596
60
568.8
Enterprise valueNT$M
83.75
82.22
86.23
99.28
117.9
133.3
144.2
160.2
170.3
197.2
602.8
10.83%
10.33%
71
102.6
LT debtNT$M
37.34
40.48
42.58
41.65
46.76
51.73
55.86
54.45
51.90
55.44
272.5
3.46%
4.99%
33
Cost of revenue
7.00%
1.02×
Operating expenses
6.52%
0.98×
Spread over hurdle
(0.45%)