179.6
RevenueNT$M
113.9
117.7
120.1
126.0
129.0
135.6
139.7
147.5
153.5
156.4
200.3
3.94%
3.45%
25
16.37
Revenue growth%
17.90
20.56
20.84
20.80
23.06
20.50
23.01
24.98
25.38
26.14
27.72
24.98
21.93
90
25.48
Gross margin%
19.95
22.86
22.09
23.97
22.28
20.24
19.01
18.63
19.85
17.58
9.24
19.01
20.09
50
8.23
Operating margin%
29.65
31.32
31.15
31.06
33.02
30.13
30.12
28.55
30.31
27.84
12.61
30.12
30.22
27
25.76
Net margin%
22.13
19.69
19.15
20.93
19.45
18.46
17.98
17.55
20.02
17.93
4.46
17.98
19.30
18
10.30
P/E ratio (avg)x
16.08
17.21
15.66
16.47
15.29
13.61
12.03
11.27
11.89
10.98
32.00
11.89
14.45
16
23.59
EV/EBITx
19.30
19.49
20.71
20.01
20.65
18.01
16.67
16.53
15.77
13.90
20.40
16.53
18.65
80
7.67
FCF yield (avg)%
12.76
13.39
10.96
12.15
12.33
10.43
10.17
9.61
8.15
10.72
29.58
10.17
10.84
60
27.28
FCF margin%
2.45
1.25
3.42
3.17
0.40
0.40
0.40
0.40
3.28
5.45
2.28
0.40
1.85
9
1.564
FCF / Net incomex
1.195
1.316
1.469
1.561
1.699
1.626
1.803
1.810
2.116
2.493
1.172
1.810
1.663
28
7.99
ROIC%
20.80
21.10
19.25
19.54
17.47
18.99
21.89
20.62
20.11
20.06
26.85
20.11
20.09
15
19.93
Return on equity%
32.56
34.38
36.86
36.69
35.36
33.05
33.01
30.21
32.92
30.44
23.71
32.92
33.03
51
17.38
Return on assets%
22.90
25.03
25.04
24.63
22.07
21.34
21.47
21.87
22.75
19.98
9.83
21.47
22.41
53
0.97
EPSNT$
0.52
0.54
0.50
0.54
0.46
0.45
0.43
0.40
0.36
0.37
1.07
(4.60%)
(3.86%)
—
18.97
EPS growth%
18.61
18.18
16.50
14.47
15.98
13.64
12.04
11.66
8.82
9.57
29.90
11.66
14.05
28
1.01
Bookvalue per shNT$
0.89
0.89
0.97
0.91
0.98
1.09
1.11
1.09
1.17
1.17
0.60
3.49%
3.06%
—
0.86
FCF per shareNT$
1.32
1.36
1.51
1.69
1.64
1.73
1.86
1.86
2.14
2.04
0.89
4.45%
4.77%
—
1.00
Dividend per shNT$
0.35
0.40
0.42
0.43
0.46
0.53
0.55
0.65
0.67
0.80
0.48
11.63%
9.55%
—
6.60
Div yield (avg)%
21.86
22.19
24.56
25.75
22.90
23.67
22.06
19.81
17.63
15.00
10.17
19.81
22.12
69
7.96
Payout ratio%
23.56
24.49
24.76
27.35
24.97
26.03
25.52
25.90
26.17
23.98
3.24
25.90
25.24
23
60.78
Shares (diluted)M
64.15
68.88
77.74
73.64
83.58
79.81
89.96
88.84
84.97
77.88
61.04
(1.40%)
1.72%
8
25.58
Buyback yield%
21.80
21.49
20.78
21.73
24.08
24.51
26.87
24.24
25.71
23.26
6.11
24.51
23.67
88
1.453
D/E ratiox
0.411
0.447
0.453
0.434
0.460
0.490
0.519
0.609
0.705
0.805
0.467
0.609
0.475
73
26.19
Enterprise valueNT$M
198.4
207.3
220.9
222.1
223.6
235.4
232.3
247.6
297.9
324.6
8.154
7.74%
6.46%
54
73.82
LT debtNT$M
173.6
171.1
168.4
167.0
197.6
209.0
221.0
268.3
266.4
305.8
165.1
9.12%
5.75%
24
Cost of revenue
3.72%
1.03×
Operating expenses
2.75%
0.93×
Goodwill & intangibles
17.86%
Spread over hurdle
(1.83%)