162.1
RevenueNT$M
141.7
152.6
162.8
174.4
188.1
202.7
217.5
232.8
249.2
262.4
169.8
6.88%
7.04%
15
18.82
Revenue growth%
17.86
17.43
16.88
13.96
12.33
10.46
10.87
10.28
12.29
14.41
6.17
10.87
13.15
24
4.89
Gross margin%
24.52
21.98
24.71
22.99
21.18
22.79
23.48
23.96
22.58
22.88
28.25
22.88
22.94
30
2.41
Operating margin%
15.57
17.75
20.44
22.25
24.26
26.24
28.78
29.61
27.19
25.83
29.20
27.19
25.04
65
2.84
Net margin%
1.79
0.40
2.16
5.13
5.03
3.20
5.22
3.03
4.55
7.51
3.11
4.55
3.88
14
20.18
P/E ratio (avg)x
38.64
45.48
48.91
50.90
53.78
64.58
65.32
76.17
92.44
94.07
11.82
76.17
59.18
13
14.51
EV/EBITx
26.19
30.29
33.64
34.31
38.22
41.68
40.37
47.34
54.09
62.32
26.30
47.34
39.29
54
25.63
FCF yield (avg)%
12.15
10.32
9.36
11.16
12.98
13.13
16.11
13.86
14.41
16.06
29.05
14.41
13.06
60
25.51
FCF margin%
1.71
0.62
1.52
0.56
0.40
1.42
0.51
1.95
0.40
2.09
11.48
1.42
1.02
31
1.192
FCF / Net incomex
0.149
0.150
0.164
0.177
0.168
0.186
0.188
0.183
0.205
0.199
0.912
0.188
0.180
21
14.17
ROIC%
5.10
3.34
1.48
0.40
0.40
0.40
0.40
0.40
0.88
2.78
20.59
0.40
0.64
10
28.34
Return on equity%
23.52
22.16
19.95
20.53
19.04
19.85
22.83
22.98
25.74
27.27
7.71
22.98
22.50
41
8.80
Return on assets%
7.06
5.17
5.91
7.04
8.37
7.50
5.12
3.33
5.56
3.42
20.76
5.12
5.74
63
0.68
EPSNT$
1.20
1.15
1.13
1.04
0.96
1.00
1.11
1.21
1.19
1.26
0.72
5.70%
1.01%
—
27.59
EPS growth%
27.85
29.50
30.33
27.62
29.18
30.33
30.11
28.36
30.31
33.22
8.09
30.31
29.81
21
1.36
Bookvalue per shNT$
1.38
1.61
1.88
2.20
2.27
2.25
2.31
2.31
2.73
3.10
1.00
6.40%
8.82%
—
1.61
FCF per shareNT$
2.76
2.83
2.99
3.17
3.43
3.72
4.21
4.14
3.88
4.46
0.88
5.39%
5.08%
—
1.62
Dividend per shNT$
0.81
0.77
0.73
0.68
0.70
0.70
0.66
0.70
0.70
0.74
0.81
1.19%
0.05%
—
12.61
Div yield (avg)%
29.18
28.35
30.75
29.37
31.19
28.64
30.47
27.74
29.38
29.22
4.52
29.22
29.29
92
6.62
Payout ratio%
6.22
4.79
4.07
7.00
7.17
7.82
5.05
5.19
4.40
1.89
20.40
5.05
5.12
62
56.24
Shares (diluted)M
106.5
112.8
124.5
123.6
134.5
138.2
155.4
160.8
161.9
188.5
56.48
6.98%
7.21%
57
27.47
Buyback yield%
23.19
26.15
24.46
25.70
27.85
25.75
26.52
26.19
24.31
24.56
3.81
25.75
25.72
61
0.843
D/E ratiox
0.093
0.089
0.096
0.106
0.100
0.099
0.108
0.104
0.103
0.109
1.500
0.104
0.101
48
136.2
Enterprise valueNT$M
39.56
44.25
45.24
49.77
45.39
47.23
48.65
47.42
50.07
52.08
150.3
2.79%
2.58%
52
76.97
LT debtNT$M
155.9
163.1
146.5
137.7
136.3
139.6
149.0
158.9
161.6
152.2
155.4
2.22%
0.71%
42
Cost of revenue
7.13%
1.01×
Operating expenses
6.32%
0.93×
Spread over hurdle
16.48%