177.2
RevenueNT$M
545.4
556.0
584.3
609.1
638.4
663.1
671.7
692.7
724.5
761.4
190.3
3.59%
3.71%
33
10.06
Revenue growth%
14.06
12.56
10.53
12.75
9.88
8.30
9.10
6.25
4.45
7.00
21.59
7.00
9.49
81
6.66
Gross margin%
5.53
3.60
3.94
3.08
1.21
3.79
3.36
5.31
2.50
0.40
15.91
3.36
3.48
63
5.34
Operating margin%
33.35
31.47
28.91
30.13
28.99
28.10
29.73
30.59
31.12
30.77
12.11
30.59
30.36
76
7.16
Net margin%
14.84
17.73
20.14
20.90
22.51
24.82
26.18
26.67
25.71
27.55
19.15
26.18
23.66
64
10.62
P/E ratio (avg)x
12.66
12.22
13.31
13.12
14.09
16.53
17.57
20.04
23.07
23.37
27.39
20.04
15.31
47
8.828
EV/EBITx
44.60
45.71
42.64
43.14
47.24
46.56
49.11
52.51
49.82
48.96
14.90
49.11
46.90
7
12.53
FCF yield (avg)%
25.76
24.10
23.90
24.08
26.58
24.09
24.24
22.00
19.44
21.37
6.79
22.00
24.08
87
18.43
FCF margin%
0.40
0.40
0.40
0.82
2.59
2.91
5.45
6.30
3.48
4.72
19.03
4.72
2.75
71
1.051
FCF / Net incomex
0.996
1.067
1.210
1.103
1.122
1.199
1.249
1.176
1.123
1.077
0.314
1.176
1.123
34
26.50
ROIC%
28.27
28.47
26.48
23.99
24.93
23.06
23.34
24.66
23.85
25.63
12.33
23.85
24.79
66
9.64
Return on equity%
21.81
23.53
25.36
25.87
24.87
23.18
21.10
18.81
16.41
16.08
27.72
18.81
22.50
13
17.79
Return on assets%
8.69
7.64
7.32
9.37
8.51
6.34
5.95
6.89
9.12
7.08
9.20
6.89
7.48
15
1.99
EPSNT$
10.81
10.59
11.97
13.72
15.00
17.40
17.06
19.75
22.83
23.71
2.05
9.59%
9.40%
—
17.44
EPS growth%
5.81
4.91
3.79
5.99
7.34
8.78
8.56
8.19
10.98
11.45
29.66
8.78
7.76
79
2.01
Bookvalue per shNT$
11.47
12.48
11.74
12.25
11.91
11.15
10.90
10.77
11.04
11.55
8.41
(0.60%)
(0.12%)
—
3.06
FCF per shareNT$
3.94
3.73
3.72
3.97
3.96
4.44
4.54
5.08
5.31
5.64
4.03
7.32%
4.71%
—
3.46
Dividend per shNT$
8.31
7.30
6.94
6.86
7.18
7.98
7.49
6.72
7.37
7.01
5.39
(0.46%)
(1.00%)
—
17.75
Div yield (avg)%
26.62
27.83
30.64
32.45
32.22
29.56
30.52
32.04
33.70
35.43
16.81
32.04
31.34
79
23.97
Payout ratio%
18.91
18.56
16.57
18.14
16.18
17.81
20.78
23.75
23.16
24.17
4.47
23.16
18.73
51
117.5
Shares (diluted)M
104.8
107.0
97.77
86.42
85.32
78.27
72.12
63.41
58.96
63.46
114.7
(5.75%)
(5.84%)
24
8.91
Buyback yield%
16.15
18.83
21.40
21.08
18.71
17.64
15.56
13.03
12.59
13.68
5.70
13.68
16.89
23
0.294
D/E ratiox
2.180
2.249
2.625
3.013
3.298
3.431
3.706
3.735
3.965
3.873
1.078
3.735
3.365
83
0.657
Enterprise valueNT$B
0.908
1.025
1.150
1.055
1.131
1.095
1.078
1.223
1.397
1.319
0.203
3.12%
3.08%
26
768.4
LT debtNT$M
784.9
758.1
722.6
787.5
723.4
715.7
674.4
764.8
739.4
756.0
686.4
0.89%
(0.92%)
39
Cost of revenue
3.95%
1.02×
Operating expenses
3.59%
0.99×
Cash and investments
14.95%
Spread over hurdle
(2.65%)