223.2
RevenueNT$M
288.7
302.8
316.3
329.4
343.7
367.1
392.1
406.7
424.1
442.9
241.1
5.20%
4.82%
85
22.15
Revenue growth%
11.85
12.01
10.72
10.26
13.09
16.05
17.41
14.48
12.41
10.70
8.42
14.48
12.21
54
20.21
Gross margin%
18.54
15.75
14.20
14.51
16.20
18.92
18.20
17.92
15.24
14.73
14.19
17.92
15.97
21
14.47
Operating margin%
22.10
19.99
21.86
24.68
23.39
23.79
21.97
20.57
17.63
20.48
29.63
20.57
21.92
66
28.68
Net margin%
26.74
27.70
25.50
23.83
26.82
25.85
23.53
26.14
27.59
28.44
14.47
26.14
26.44
36
16.50
P/E ratio (avg)x
20.42
20.26
21.81
22.64
23.79
25.67
28.72
30.14
30.27
30.77
22.37
30.14
24.73
45
19.91
EV/EBITx
11.68
13.34
13.87
15.92
15.07
14.66
15.09
15.62
16.65
16.21
11.65
15.62
15.08
55
15.44
FCF yield (avg)%
20.64
20.82
19.25
21.32
20.39
22.62
20.53
23.43
25.86
26.20
7.56
23.43
21.07
44
20.42
FCF margin%
7.12
7.33
10.23
12.63
13.78
14.54
15.25
15.10
15.84
13.49
6.80
15.10
13.64
27
0.145
FCF / Net incomex
0.621
0.609
0.596
0.609
0.557
0.625
0.618
0.597
0.625
0.635
1.243
0.625
0.613
44
12.62
ROIC%
20.26
21.13
21.14
23.42
23.67
25.51
25.75
23.60
24.48
23.54
15.81
24.48
23.57
53
27.24
Return on equity%
6.70
9.35
8.58
9.00
10.56
12.47
13.72
14.68
15.38
12.98
7.76
13.72
11.52
79
23.31
Return on assets%
27.57
25.35
26.78
24.06
26.70
28.48
28.94
30.38
28.76
30.02
22.35
28.94
28.03
61
0.81
EPSNT$
2.62
2.50
2.43
2.64
2.68
2.68
2.76
3.10
3.55
3.75
0.85
6.94%
5.04%
—
26.88
EPS growth%
19.23
20.91
21.01
20.84
20.76
17.78
16.44
18.77
18.51
15.62
28.42
17.78
19.00
22
3.56
Bookvalue per shNT$
2.98
3.17
3.57
4.04
4.62
4.42
4.99
5.00
4.90
5.07
2.14
1.84%
5.82%
—
1.25
FCF per shareNT$
2.45
2.62
2.57
2.80
2.58
2.56
2.38
2.50
2.38
2.58
3.35
0.01%
(0.40%)
—
2.84
Dividend per shNT$
2.70
3.26
3.51
3.52
3.92
4.06
4.72
5.52
6.64
7.41
1.26
13.59%
10.57%
—
28.69
Div yield (avg)%
8.40
10.80
8.20
8.46
8.64
10.56
8.98
8.95
9.53
9.01
23.04
9.01
8.97
78
28.33
Payout ratio%
22.33
25.31
23.57
23.55
23.39
22.56
20.22
18.44
19.87
21.52
10.44
20.22
22.45
13
39.83
Shares (diluted)M
43.53
45.46
43.18
49.10
53.94
56.95
58.96
60.10
55.52
50.86
38.99
(1.17%)
1.00%
90
13.23
Buyback yield%
32.61
30.53
33.13
34.92
36.91
34.82
35.93
38.06
35.39
32.49
15.40
35.39
34.87
81
0.665
D/E ratiox
1.483
1.540
1.793
2.073
2.229
2.197
2.490
2.678
2.751
3.010
1.236
2.678
2.213
33
132.0
Enterprise valueNT$M
128.2
117.2
122.1
110.1
122.3
134.5
140.2
150.6
164.1
172.5
112.5
7.12%
3.88%
35
202.3
LT debtNT$M
249.7
259.5
258.4
233.3
211.6
211.2
205.5
217.1
229.1
230.2
28.49
1.70%
0.09%
19
Cost of revenue
4.79%
1.00×
Operating expenses
4.74%
0.99×
Spread over hurdle
(6.50%)