174.2
RevenueNT$M
145.6
154.2
164.9
174.9
184.7
197.6
205.0
219.4
233.5
245.5
183.7
5.86%
6.07%
47
4.59
Revenue growth%
20.34
19.50
18.99
18.38
20.60
19.83
22.64
20.37
22.23
21.62
2.35
21.62
20.35
33
22.15
Gross margin%
13.63
11.41
12.53
12.48
11.75
9.18
10.39
11.20
10.88
9.89
9.77
10.39
11.31
40
12.82
Operating margin%
26.12
28.97
30.29
29.76
31.38
30.39
31.26
28.36
28.16
25.66
9.18
28.36
29.37
90
26.44
Net margin%
16.55
19.19
21.40
19.54
20.55
22.48
20.42
19.83
20.16
20.96
24.05
20.42
20.29
51
19.08
P/E ratio (avg)x
31.62
31.98
34.95
34.68
36.15
36.70
35.60
41.51
42.88
48.67
21.14
41.51
35.87
94
10.77
EV/EBITx
11.91
11.17
11.37
11.47
12.30
12.00
11.56
10.52
11.03
10.36
30.15
11.03
11.42
48
5.36
FCF yield (avg)%
29.94
31.85
31.60
29.90
31.35
28.76
28.01
26.07
25.05
23.47
14.45
26.07
29.33
88
9.62
FCF margin%
25.94
25.65
26.45
26.15
28.42
30.59
32.75
31.88
34.39
33.16
28.87
32.75
29.50
82
1.427
FCF / Net incomex
0.557
0.548
0.588
0.655
0.649
0.621
0.723
0.803
0.778
0.831
0.186
0.778
0.652
65
6.06
ROIC%
12.73
12.60
13.98
15.21
15.43
15.54
14.84
14.35
15.40
15.34
20.17
15.34
15.03
17
23.03
Return on equity%
19.19
21.89
24.48
21.78
23.51
26.36
28.59
29.14
27.57
24.68
11.89
27.57
24.58
93
9.29
Return on assets%
29.47
31.95
30.48
30.63
30.59
29.49
32.30
33.14
33.53
32.58
9.24
32.58
31.29
78
2.98
EPSNT$
2.53
2.60
2.95
3.01
3.05
2.82
3.01
2.78
3.02
2.98
3.13
(0.44%)
1.66%
—
6.15
EPS growth%
3.74
5.20
7.71
9.66
8.51
10.69
10.30
13.14
14.75
13.14
28.66
13.14
9.98
69
2.77
Bookvalue per shNT$
0.87
0.83
0.85
0.87
0.84
0.93
0.95
0.92
0.89
0.88
1.82
0.85%
1.31%
—
2.78
FCF per shareNT$
4.08
4.38
4.84
5.64
6.40
6.39
6.72
7.40
6.93
7.38
2.38
2.92%
5.90%
—
2.72
Dividend per shNT$
2.04
2.08
1.77
1.66
1.75
1.67
1.64
1.72
1.58
1.45
1.09
(3.62%)
(4.28%)
—
8.82
Div yield (avg)%
10.65
9.54
10.00
8.02
10.38
13.11
12.03
10.08
10.88
9.96
10.50
10.88
10.23
23
19.64
Payout ratio%
0.40
0.88
0.40
0.63
0.40
0.40
2.94
1.02
2.03
2.05
7.67
2.03
0.75
86
23.08
Shares (diluted)M
17.71
19.17
17.97
18.61
20.19
22.48
23.15
25.64
27.79
27.11
22.84
6.07%
3.73%
71
5.63
Buyback yield%
15.87
16.00
16.28
13.66
12.74
13.31
13.87
15.01
16.96
14.73
4.06
14.73
14.87
92
1.676
D/E ratiox
0.211
0.215
0.252
0.262
0.278
0.270
0.295
0.347
0.335
0.361
1.102
0.335
0.274
59
279.8
Enterprise valueNT$M
140.6
151.9
167.2
191.4
223.3
238.5
264.5
286.2
324.3
349.5
114.6
9.37%
10.04%
80
97.16
LT debtNT$M
192.9
192.3
207.7
211.3
204.6
217.0
224.8
224.5
233.7
239.3
185.3
3.18%
2.26%
50
Cost of revenue
6.19%
1.01×
Operating expenses
5.81%
0.98×
Property and equipment
20.02%
Goodwill & intangibles
16.50%
Spread over hurdle
(4.44%)