1.501
RevenueNT$B
2.034
2.125
2.185
2.257
2.364
2.461
2.511
2.642
2.802
2.967
1.540
4.65%
4.43%
42
29.33
Revenue growth%
21.84
20.62
20.95
22.29
19.75
20.91
23.64
23.79
21.98
20.31
15.99
21.98
21.39
31
13.98
Gross margin%
20.64
19.84
22.42
23.49
25.19
27.65
26.87
29.39
26.51
27.26
28.50
27.26
25.85
76
2.10
Operating margin%
21.12
18.62
20.15
19.53
19.18
17.75
18.73
18.73
19.38
16.42
3.04
18.73
18.96
15
4.37
Net margin%
7.64
5.66
3.19
5.37
7.01
7.13
8.19
10.08
10.64
12.15
2.69
10.08
7.39
25
33.38
P/E ratio (avg)x
35.80
42.02
44.65
50.66
48.73
51.00
57.11
56.22
58.68
57.16
14.97
57.11
50.83
12
22.47
EV/EBITx
36.15
36.99
37.17
39.19
44.92
50.86
59.15
69.34
79.86
78.26
10.86
69.34
47.89
33
21.12
FCF yield (avg)%
1.74
0.85
1.80
0.40
1.29
1.63
0.40
0.40
1.69
2.37
26.84
1.63
1.46
41
22.00
FCF margin%
9.29
10.65
9.03
10.62
10.34
9.26
8.82
11.48
10.07
11.90
2.19
10.07
10.20
42
1.006
FCF / Net incomex
0.144
0.137
0.139
0.139
0.125
0.118
0.125
0.125
0.128
0.126
0.393
0.125
0.127
12
6.86
ROIC%
23.08
22.83
23.36
25.12
26.88
24.33
26.81
27.21
28.01
29.66
6.98
27.21
25.97
49
12.46
Return on equity%
6.83
4.15
3.86
2.04
4.84
5.99
6.67
7.76
8.98
8.57
14.60
7.76
6.33
12
18.86
Return on assets%
3.18
3.14
1.19
0.83
0.40
1.32
2.29
0.88
0.40
2.57
9.98
1.32
1.26
30
8.69
EPSNT$
8.64
8.71
9.34
11.15
12.37
14.45
17.23
18.51
22.14
22.67
9.46
12.89%
10.98%
—
4.69
EPS growth%
22.23
23.85
21.32
21.40
19.57
21.09
18.74
20.12
18.54
19.88
18.15
19.88
20.61
90
5.29
Bookvalue per shNT$
4.11
4.17
4.49
4.33
4.37
4.38
4.31
4.77
4.70
5.14
6.57
3.27%
1.17%
—
6.39
FCF per shareNT$
2.86
2.67
2.85
2.79
2.95
2.65
2.70
2.52
2.24
2.35
8.86
(4.41%)
(1.00%)
—
2.18
Dividend per shNT$
9.48
8.75
8.10
9.01
10.00
9.74
11.01
10.88
11.43
10.74
7.17
1.44%
0.79%
—
5.07
Div yield (avg)%
20.64
17.96
20.25
17.89
20.83
22.74
23.03
25.78
27.33
24.50
5.73
24.50
21.79
12
17.29
Payout ratio%
4.79
6.98
4.26
6.78
9.28
9.52
7.94
6.86
7.38
8.84
2.85
7.94
7.18
42
87.31
Shares (diluted)M
114.7
128.5
148.5
158.0
154.4
175.8
201.0
233.0
222.5
209.1
90.90
6.25%
6.37%
38
9.48
Buyback yield%
18.64
18.68
16.44
19.14
16.96
18.96
20.28
19.72
18.84
20.74
5.37
19.72
18.90
65
1.256
D/E ratiox
1.008
1.010
1.045
0.982
1.068
0.932
1.031
1.068
1.167
1.224
1.479
1.068
1.038
46
1.257
Enterprise valueNT$B
1.939
1.885
2.029
2.167
2.414
2.792
3.297
3.837
4.567
5.173
2.096
16.47%
10.96%
47
0.363
LT debtNT$B
4.227
5.075
5.530
6.229
6.258
6.629
7.329
7.643
8.290
9.125
0.432
7.83%
9.67%
62
Cost of revenue
5.00%
1.06×
Operating expenses
3.71%
0.93×
Goodwill & intangibles
17.93%
Property and equipment
17.67%
Spread over hurdle
26.61%