245.2
RevenueNT$M
305.4
330.3
365.6
393.1
425.0
463.2
495.7
542.2
585.2
632.2
270.7
8.27%
8.39%
36
28.46
Revenue growth%
30.98
30.82
31.36
33.70
33.09
33.42
35.51
37.48
40.37
37.75
4.07
37.48
33.56
17
27.06
Gross margin%
31.26
32.07
34.05
35.93
36.18
35.43
34.44
34.31
34.74
37.60
29.26
34.74
34.59
26
15.49
Operating margin%
0.40
0.78
2.53
1.80
1.82
2.39
2.16
3.27
1.17
0.40
7.88
2.16
1.81
59
22.98
Net margin%
15.77
12.77
14.18
16.36
15.06
15.16
16.63
17.42
16.32
19.19
6.80
16.63
16.04
23
14.71
P/E ratio (avg)x
28.88
30.51
30.74
33.18
35.61
35.18
35.10
36.54
34.16
30.55
29.35
35.10
33.67
45
22.60
EV/EBITx
26.34
27.98
31.24
35.63
37.04
34.99
35.27
39.24
43.32
49.31
35.59
39.24
35.45
53
28.96
FCF yield (avg)%
18.69
18.11
16.52
18.49
17.75
18.41
15.89
17.25
18.92
20.86
14.99
18.41
18.26
5
24.95
FCF margin%
19.31
19.98
19.33
21.49
21.00
22.24
19.73
20.09
20.36
18.18
28.29
20.09
20.03
73
0.776
FCF / Net incomex
0.832
0.905
0.830
0.886
0.934
0.884
0.934
0.995
0.893
0.975
0.890
0.934
0.899
42
16.84
ROIC%
27.88
27.46
25.25
25.07
23.21
21.83
23.14
23.31
26.17
25.69
29.03
23.31
25.16
82
13.42
Return on equity%
0.40
1.46
0.40
3.14
0.51
0.40
3.23
5.71
8.41
9.08
22.76
5.71
2.30
60
13.25
Return on assets%
7.04
5.49
6.34
5.34
2.44
3.66
2.69
3.13
2.78
2.76
3.71
2.78
3.39
40
0.26
EPSNT$
0.16
0.14
0.14
0.14
0.12
0.11
0.10
0.10
0.09
0.09
0.28
(4.91%)
(4.35%)
—
11.86
EPS growth%
29.16
31.48
32.17
31.71
31.21
28.33
28.93
29.36
32.28
31.54
6.93
29.36
31.34
44
0.95
Bookvalue per shNT$
1.54
1.55
1.58
1.83
2.03
2.26
2.32
2.41
2.81
2.87
0.25
7.15%
6.69%
—
0.58
FCF per shareNT$
0.83
0.92
0.80
0.79
0.84
0.85
0.93
0.95
1.04
1.03
0.24
4.08%
1.03%
—
0.29
Dividend per shNT$
0.81
0.73
0.81
0.71
0.76
0.70
0.71
0.64
0.68
0.68
0.84
(2.17%)
(1.10%)
—
24.16
Div yield (avg)%
29.48
28.62
29.16
28.27
29.29
29.96
29.66
29.27
31.81
31.52
23.89
29.96
29.38
72
2.71
Payout ratio%
29.73
28.97
30.01
30.60
33.15
33.84
34.84
37.51
40.16
37.79
8.42
37.51
33.49
77
160.7
Shares (diluted)M
145.5
152.4
143.4
136.3
126.0
132.4
139.5
152.0
148.8
155.8
158.3
4.32%
1.23%
61
7.03
Buyback yield%
24.56
25.52
24.70
22.88
25.03
23.66
25.33
26.50
26.47
23.57
5.65
25.33
24.87
55
0.184
D/E ratiox
1.303
1.324
1.433
1.608
1.835
1.873
1.875
1.858
1.942
2.072
0.397
1.875
1.847
61
594.6
Enterprise valueNT$M
407.6
396.8
446.7
446.2
483.6
571.0
609.2
643.1
619.5
739.9
585.0
8.88%
6.77%
58
431.9
LT debtNT$M
417.2
375.3
356.4
365.3
376.4
335.5
296.3
301.2
309.9
275.0
336.9
(6.09%)
(5.56%)
40
Cost of revenue
8.34%
0.99×
Operating expenses
7.99%
0.96×
Cash and investments
21.93%
Goodwill & intangibles
17.91%
Spread over hurdle
17.55%