106.3
RevenueNT$M
280.7
293.9
309.8
330.6
353.6
367.4
387.6
406.6
434.5
465.3
116.4
5.64%
5.65%
17
27.72
Revenue growth%
8.52
11.36
12.87
14.12
15.59
14.78
13.25
15.31
16.88
16.88
15.74
15.31
14.45
83
21.40
Gross margin%
26.84
24.20
23.97
23.03
22.86
25.27
26.72
29.20
29.35
28.39
29.67
28.39
26.00
64
3.63
Operating margin%
14.42
13.91
15.99
16.67
15.45
15.56
17.89
19.54
18.93
20.55
8.61
18.93
16.33
49
8.31
Net margin%
8.49
7.36
5.05
5.30
3.99
1.71
0.40
0.40
0.40
0.40
21.43
0.40
2.85
25
11.69
P/E ratio (avg)x
11.20
13.31
15.22
17.63
18.77
22.32
26.17
25.66
29.83
34.66
14.19
26.17
20.55
9
21.99
EV/EBITx
25.95
27.77
31.80
36.44
38.21
42.79
43.93
50.94
57.51
67.37
8.850
50.94
40.50
8
2.86
FCF yield (avg)%
21.51
19.92
20.95
22.39
20.46
23.25
20.40
21.05
23.64
25.21
24.84
23.25
21.28
45
8.03
FCF margin%
0.40
3.36
1.96
4.82
4.30
1.91
1.47
0.69
3.52
2.18
26.77
1.91
2.07
93
1.240
FCF / Net incomex
0.290
0.307
0.364
0.426
0.517
0.543
0.577
0.638
0.724
0.734
0.133
0.638
0.530
84
25.83
ROIC%
20.76
22.95
22.89
24.15
22.69
25.25
22.91
20.09
22.95
20.74
23.93
22.91
22.90
33
19.36
Return on equity%
24.01
22.00
24.31
23.26
25.56
27.03
28.87
26.98
24.21
25.97
2.11
26.98
24.94
35
9.88
Return on assets%
9.83
8.51
7.36
9.39
7.21
9.74
11.05
8.80
9.57
11.13
10.01
9.74
9.48
62
3.87
EPSNT$
5.03
5.25
5.48
6.22
6.23
6.09
6.72
6.90
7.83
8.24
4.01
5.74%
5.58%
—
7.14
EPS growth%
27.17
26.86
27.86
30.29
30.93
30.38
30.79
31.81
33.34
35.41
3.62
31.81
30.58
59
6.40
Bookvalue per shNT$
9.33
9.51
9.22
10.02
10.44
9.75
8.70
8.44
7.91
7.78
8.43
(5.73%)
(3.04%)
—
3.94
FCF per shareNT$
5.17
4.90
4.70
4.71
5.11
5.37
4.55
4.91
4.45
4.60
6.03
(2.10%)
(0.60%)
—
2.88
Dividend per shNT$
2.55
2.21
2.26
1.97
1.94
2.07
1.91
1.87
1.78
1.54
3.57
(4.44%)
(6.18%)
—
11.34
Div yield (avg)%
24.34
21.99
20.98
22.77
24.78
24.26
22.75
25.33
23.96
21.54
11.89
23.96
23.36
24
21.23
Payout ratio%
19.73
17.35
15.34
12.39
14.29
11.66
11.14
11.05
12.87
14.31
28.38
11.66
13.58
94
41.84
Shares (diluted)M
32.53
31.16
28.66
24.93
25.10
23.20
22.54
21.19
22.06
19.19
41.66
(5.23%)
(5.90%)
39
20.24
Buyback yield%
22.10
23.91
22.16
19.60
18.43
19.57
19.62
17.45
16.14
16.40
5.91
17.45
19.58
18
0.489
D/E ratiox
0.670
0.792
0.862
0.853
1.008
1.157
1.354
1.463
1.519
1.500
0.175
1.463
1.083
72
424.0
Enterprise valueNT$M
328.2
352.9
320.8
303.2
346.3
378.2
360.1
373.2
366.7
413.3
226.3
3.60%
3.36%
67
0.278
LT debtNT$B
0.497
0.592
0.634
0.669
0.788
0.918
0.998
1.036
1.178
1.184
0.156
8.49%
10.94%
17
Cost of revenue
5.65%
1.00×
Operating expenses
5.98%
1.03×
Property and equipment
18.14%
Spread over hurdle
(0.10%)