17.56
RevenueNT$M
211.3
231.8
250.9
266.5
294.6
321.4
353.9
387.4
420.9
448.0
18.03
8.74%
8.63%
91
20.33
Revenue growth%
18.39
18.61
18.72
21.63
19.27
19.45
19.27
18.85
17.67
14.91
23.88
18.85
18.78
49
14.73
Gross margin%
8.60
6.35
5.10
4.70
5.88
4.77
7.19
6.86
6.14
3.22
24.03
6.14
6.01
86
7.71
Operating margin%
25.99
27.24
28.01
26.67
29.30
29.28
30.46
29.46
27.01
27.05
17.32
29.28
27.62
67
24.78
Net margin%
3.18
3.93
6.18
4.37
5.68
8.49
7.04
9.57
11.54
12.55
22.41
9.57
6.61
42
17.42
P/E ratio (avg)x
15.90
16.47
16.67
16.08
16.70
17.85
17.77
19.95
18.59
19.70
18.77
18.59
17.24
19
32.60
EV/EBITx
52.43
60.29
69.69
76.91
75.88
89.46
104.9
106.7
117.8
118.9
26.31
106.7
83.18
24
23.08
FCF yield (avg)%
27.64
28.96
30.14
28.70
26.36
24.94
24.51
25.53
27.58
25.28
2.67
25.28
26.97
89
8.82
FCF margin%
10.42
11.20
13.65
12.69
10.05
7.46
7.65
4.79
2.20
2.51
16.67
4.79
8.85
44
0.127
FCF / Net incomex
0.648
0.717
0.777
0.816
0.964
0.987
0.941
0.898
0.906
0.971
0.985
0.941
0.902
47
15.06
ROIC%
21.03
22.43
20.92
20.71
20.21
21.38
23.30
26.16
27.87
26.34
9.36
26.16
21.91
25
22.52
Return on equity%
17.09
18.33
16.36
17.75
18.56
18.77
19.10
18.91
19.63
18.96
4.01
18.96
18.66
21
5.63
Return on assets%
15.78
13.42
11.92
13.44
11.16
10.83
8.25
7.45
7.23
8.70
18.37
8.25
10.99
37
2.08
EPSNT$
1.38
1.48
1.57
1.74
1.89
1.91
2.08
2.01
1.83
1.87
2.13
(0.19%)
4.13%
—
6.30
EPS growth%
4.26
5.62
6.25
6.52
9.27
9.22
7.88
7.36
6.74
6.48
3.01
7.36
6.63
6
2.03
Bookvalue per shNT$
0.51
0.46
0.43
0.43
0.39
0.36
0.36
0.33
0.32
0.29
0.45
(6.00%)
(6.99%)
—
0.42
FCF per shareNT$
1.82
2.20
2.33
2.72
2.93
3.34
3.53
3.49
4.03
4.09
1.56
6.92%
9.32%
—
1.41
Dividend per shNT$
1.34
1.21
1.13
1.03
1.10
1.09
1.15
1.06
1.13
1.16
1.43
1.07%
(0.98%)
—
13.66
Div yield (avg)%
11.07
12.42
15.12
16.53
14.75
14.70
16.50
19.48
17.36
17.52
28.42
17.36
15.81
68
18.77
Payout ratio%
3.83
1.38
2.96
4.22
1.24
0.40
0.40
0.40
0.40
0.40
25.75
0.40
0.82
65
56.62
Shares (diluted)M
83.90
88.66
97.58
99.75
118.3
114.1
133.9
131.3
131.4
144.3
54.73
4.06%
7.43%
46
5.89
Buyback yield%
10.83
8.79
8.17
10.00
12.03
12.43
9.50
7.68
10.11
7.86
16.22
9.50
9.75
87
0.216
D/E ratiox
0.903
1.041
0.990
0.955
0.884
0.936
1.029
1.149
1.198
1.320
1.777
1.149
1.010
61
92.84
Enterprise valueNT$M
383.8
390.6
428.6
428.5
482.1
544.6
567.2
602.9
611.9
655.3
264.4
6.33%
6.57%
95
263.6
LT debtNT$M
39.25
36.50
37.10
38.06
33.88
33.56
36.58
37.52
41.08
40.37
284.9
3.56%
0.29%
59
Cost of revenue
8.47%
0.99×
Operating expenses
8.52%
0.99×
Cash and investments
18.75%
Spread over hurdle
(0.28%)