2.350
RevenueNT$B
2.060
2.144
2.225
2.322
2.411
2.589
2.758
2.835
2.935
3.146
2.559
5.47%
4.92%
52
13.79
Revenue growth%
11.11
9.88
9.09
8.61
8.07
8.50
10.49
12.35
15.06
12.49
8.34
12.35
10.18
11
7.14
Gross margin%
13.06
13.49
14.84
12.84
11.43
10.95
10.58
11.52
10.13
7.87
15.87
10.58
11.48
86
27.14
Operating margin%
12.36
14.06
16.33
18.21
18.61
19.76
18.19
20.82
18.23
16.79
17.16
18.23
18.20
91
21.47
Net margin%
10.28
12.33
9.41
6.68
7.10
4.27
6.72
4.86
2.04
3.16
2.98
4.27
6.70
78
13.49
P/E ratio (avg)x
30.52
31.25
34.38
38.76
42.61
42.74
44.54
41.33
40.63
38.43
23.07
41.33
39.69
74
28.56
EV/EBITx
37.26
38.11
36.93
39.33
44.25
49.23
55.09
65.69
71.47
74.34
36.12
65.69
46.74
48
11.50
FCF yield (avg)%
19.89
19.23
19.40
21.98
20.40
21.22
22.82
24.94
27.81
29.90
14.56
24.94
21.60
43
8.89
FCF margin%
14.64
11.93
12.58
11.18
13.30
15.11
17.55
16.27
15.65
14.34
7.28
15.65
14.49
37
1.156
FCF / Net incomex
1.224
1.246
1.302
1.390
1.470
1.431
1.565
1.705
1.757
1.807
0.764
1.705
1.451
24
29.11
ROIC%
10.05
12.07
10.68
13.52
12.53
10.54
9.19
7.91
6.13
4.30
3.32
7.91
10.30
17
13.39
Return on equity%
14.28
14.76
14.37
14.80
16.59
17.17
17.11
18.93
16.59
19.34
20.99
17.17
16.59
39
14.32
Return on assets%
40.09
39.03
41.32
39.34
40.86
41.85
41.03
39.93
42.90
44.79
13.89
41.85
40.95
7
7.01
EPSNT$
8.21
9.01
8.92
9.76
11.03
11.80
11.97
12.48
12.36
13.14
7.72
3.57%
4.57%
—
11.90
EPS growth%
19.01
21.80
24.74
23.61
23.59
23.42
23.42
24.15
26.25
26.00
26.17
24.15
23.60
56
17.37
Bookvalue per shNT$
19.83
20.35
19.60
21.85
23.20
21.92
22.17
24.83
27.76
27.28
17.81
3.29%
2.40%
—
20.86
FCF per shareNT$
22.39
21.73
19.63
19.60
20.77
22.10
21.96
21.17
23.51
25.23
22.14
3.96%
2.25%
—
20.81
Dividend per shNT$
10.64
11.24
11.93
12.26
11.39
11.80
11.53
10.92
10.78
11.46
10.07
0.12%
(0.26%)
—
6.82
Div yield (avg)%
21.22
22.51
24.87
22.63
21.61
19.06
17.62
19.95
21.70
23.45
13.89
19.95
21.66
45
17.54
Payout ratio%
18.96
17.52
15.87
16.83
15.75
16.45
15.16
17.39
15.56
15.60
26.05
15.60
16.16
92
64.52
Shares (diluted)M
101.9
119.9
116.4
135.1
141.5
139.1
141.5
155.0
153.7
165.6
63.74
3.19%
5.68%
18
25.91
Buyback yield%
2.73
1.72
0.40
1.89
1.85
0.40
1.78
2.08
3.76
5.07
23.61
2.08
1.87
50
1.617
D/E ratiox
0.555
0.604
0.661
0.694
0.744
0.694
0.668
0.635
0.683
0.657
0.640
0.668
0.664
42
0.991
Enterprise valueNT$B
2.751
2.808
2.708
3.077
3.040
3.489
3.491
3.279
3.310
3.253
2.141
1.37%
1.80%
66
1.836
LT debtNT$B
1.246
1.080
1.118
1.170
1.040
1.091
1.006
1.013
1.054
0.907
2.569
(2.71%)
(2.69%)
49
Cost of revenue
4.78%
0.99×
Operating expenses
5.41%
1.05×
Spread over hurdle
21.19%