294.3
RevenueNT$M
107.4
113.9
120.1
130.9
142.0
156.0
169.5
184.6
201.7
219.9
302.9
9.15%
8.33%
44
15.50
Revenue growth%
27.40
25.90
26.99
25.33
23.29
24.26
26.71
24.59
25.63
24.10
27.38
24.59
25.48
83
12.63
Gross margin%
28.01
30.27
27.64
28.55
30.36
32.67
31.17
28.28
28.51
26.12
23.83
28.51
28.53
30
16.78
Operating margin%
20.28
21.01
22.76
23.66
22.27
22.15
19.52
19.91
19.20
22.00
22.40
19.91
21.50
22
17.88
Net margin%
4.20
1.52
1.21
0.40
2.22
3.74
1.37
1.89
2.65
3.37
3.75
2.65
2.06
13
20.12
P/E ratio (avg)x
33.49
30.12
29.22
26.17
26.90
27.35
27.94
29.06
26.95
29.17
15.10
27.94
28.50
34
13.24
EV/EBITx
21.35
22.12
21.42
25.03
27.23
30.68
30.63
35.86
37.06
39.90
12.84
35.86
28.93
39
23.41
FCF yield (avg)%
15.69
13.25
10.30
11.12
8.34
10.89
9.34
8.72
5.80
8.54
23.87
8.72
9.82
22
26.58
FCF margin%
16.66
17.68
18.40
17.32
20.09
22.74
25.44
26.85
27.34
26.53
14.34
26.53
21.41
66
0.184
FCF / Net incomex
0.983
1.033
1.179
1.214
1.280
1.279
1.350
1.364
1.309
1.419
0.776
1.350
1.279
35
7.30
ROIC%
5.05
5.16
2.23
2.67
2.18
4.45
6.79
5.12
7.71
10.67
25.39
6.79
5.09
81
8.10
Return on equity%
12.58
14.53
16.00
19.00
19.91
22.65
20.33
18.19
16.83
16.35
26.69
18.19
17.51
70
9.82
Return on assets%
12.26
13.68
12.62
13.39
10.95
9.39
9.47
10.44
8.39
9.75
26.27
9.47
10.70
24
2.10
EPSNT$
3.41
3.11
2.91
2.91
2.99
3.13
2.85
2.82
2.81
2.45
2.31
(3.97%)
(3.59%)
—
9.11
EPS growth%
15.00
14.66
13.64
14.69
15.98
17.60
16.42
17.95
17.53
18.22
12.76
17.60
16.20
38
0.59
Bookvalue per shNT$
3.22
3.28
3.64
4.27
4.29
4.63
5.04
5.02
5.29
6.29
2.91
7.96%
6.98%
—
3.48
FCF per shareNT$
0.86
0.93
0.89
1.02
1.15
1.15
1.34
1.50
1.59
1.56
1.24
6.22%
6.54%
—
3.54
Dividend per shNT$
3.40
3.25
3.01
3.22
3.47
3.91
4.18
4.60
5.13
5.25
2.02
8.61%
5.22%
—
8.97
Div yield (avg)%
8.56
11.31
9.99
11.88
13.60
15.83
14.27
15.48
17.12
19.56
21.27
15.83
13.94
42
24.36
Payout ratio%
20.50
18.21
19.32
16.41
14.91
12.57
11.75
12.17
11.11
11.08
11.46
11.75
13.74
13
76.72
Shares (diluted)M
102.9
123.6
119.8
121.0
133.1
138.3
164.2
176.3
190.4
210.5
77.58
9.61%
7.99%
32
18.47
Buyback yield%
3.71
0.72
1.65
2.91
5.11
6.13
5.11
6.84
9.75
7.51
20.42
6.84
5.11
75
0.381
D/E ratiox
0.511
0.566
0.550
0.555
0.576
0.522
0.489
0.451
0.457
0.444
1.496
0.457
0.517
73
123.8
Enterprise valueNT$M
117.7
119.9
125.3
143.7
171.5
200.7
194.2
205.1
233.1
256.8
283.8
8.41%
9.29%
56
225.0
LT debtNT$M
33.28
36.32
34.56
36.42
39.27
35.10
36.73
37.86
35.17
36.93
14.74
(1.22%)
1.56%
27
Cost of revenue
8.33%
1.00×
Operating expenses
8.67%
1.03×
Property and equipment
16.14%
Cash and investments
15.64%
Spread over hurdle
25.45%