465.0
RevenueNT$M
498.5
524.9
539.2
551.7
578.6
612.1
627.2
649.0
665.6
689.4
509.9
3.57%
3.48%
78
11.81
Revenue growth%
1.86
3.35
2.69
5.66
6.49
7.77
7.25
4.92
7.88
10.69
3.83
7.77
6.08
66
11.93
Gross margin%
9.61
11.50
8.50
9.85
12.71
9.94
7.20
4.86
4.79
5.30
6.25
5.30
9.05
78
14.94
Operating margin%
21.96
19.77
18.77
18.01
15.03
15.84
17.82
18.09
18.25
18.79
6.91
18.09
18.17
94
16.68
Net margin%
14.65
13.24
14.83
16.21
14.80
12.93
10.20
10.59
8.52
7.03
16.37
10.20
13.08
53
30.16
P/E ratio (avg)x
10.16
10.77
10.66
9.655
9.951
11.06
11.60
10.71
10.13
10.81
26.82
10.81
10.68
86
20.71
EV/EBITx
25.67
28.05
26.33
23.26
23.00
24.37
21.70
21.48
19.35
20.95
9.401
21.48
23.13
34
17.38
FCF yield (avg)%
26.93
25.89
27.26
26.57
28.57
31.56
33.33
31.80
29.48
29.87
4.71
31.56
29.03
65
9.04
FCF margin%
11.79
11.59
12.61
13.83
13.56
13.17
12.98
11.77
14.04
15.85
6.86
13.17
13.08
67
0.163
FCF / Net incomex
1.468
1.312
1.159
1.179
1.052
1.054
1.156
1.114
0.979
0.950
0.419
1.054
1.135
74
15.99
ROIC%
4.87
3.86
2.86
1.78
1.55
0.40
0.40
0.40
1.14
2.16
4.46
0.40
1.66
74
16.50
Return on equity%
17.61
17.03
19.20
20.81
18.22
17.27
17.06
19.24
21.82
24.74
24.55
19.24
18.71
39
3.44
Return on assets%
9.05
8.42
8.62
8.19
5.47
3.96
1.74
0.76
0.40
0.40
24.66
0.76
4.71
93
1.36
EPSNT$
3.07
3.07
3.66
4.26
4.68
4.68
5.04
5.16
5.49
6.32
1.43
6.19%
9.42%
—
6.94
EPS growth%
18.47
20.70
19.07
21.53
22.07
24.50
21.50
18.75
20.68
21.64
19.83
21.50
21.10
57
1.15
Bookvalue per shNT$
1.88
1.92
2.12
2.11
1.94
1.85
1.71
1.65
1.75
1.93
0.78
(0.09%)
0.24%
—
1.73
FCF per shareNT$
1.45
1.24
1.19
1.29
1.15
1.01
0.91
0.80
0.79
0.85
0.49
(5.77%)
(5.04%)
—
2.08
Dividend per shNT$
1.12
1.00
1.08
1.04
0.90
0.78
0.72
0.72
0.72
0.69
0.70
(5.07%)
(4.00%)
—
5.79
Div yield (avg)%
3.79
1.28
2.25
1.24
0.40
2.90
0.78
1.11
0.40
1.47
9.79
1.11
1.26
72
3.18
Payout ratio%
32.66
32.21
30.72
29.54
30.67
28.73
29.46
32.00
30.57
32.60
29.03
30.57
30.70
44
142.0
Shares (diluted)M
293.6
296.2
338.8
397.4
410.2
466.3
515.4
611.1
631.6
751.6
146.5
12.88%
11.18%
77
15.97
Buyback yield%
32.41
34.66
37.23
35.68
33.09
31.88
34.76
36.34
37.62
35.80
2.91
35.80
35.22
16
1.411
D/E ratiox
0.128
0.149
0.166
0.173
0.181
0.212
0.232
0.226
0.236
0.226
0.307
0.226
0.197
73
688.4
Enterprise valueNT$M
620.9
561.9
493.4
507.2
532.6
531.6
471.2
488.5
435.0
451.5
649.0
(3.25%)
(3.38%)
35
0.254
LT debtNT$B
1.237
1.178
1.332
1.438
1.522
1.491
1.611
1.878
2.187
2.558
0.725
10.95%
8.45%
26
Cost of revenue
3.41%
0.99×
Operating expenses
3.35%
0.99×
Property and equipment
20.30%
Spread over hurdle
(1.31%)