301.1
RevenueNT$M
289.9
305.2
319.0
328.8
341.5
353.9
361.0
365.0
377.1
387.0
337.2
2.53%
3.42%
62
9.79
Revenue growth%
25.11
25.95
28.07
26.55
29.27
28.32
26.07
28.23
31.13
32.50
14.38
28.32
28.15
88
10.68
Gross margin%
7.16
6.10
6.66
6.86
9.09
10.82
8.02
10.27
11.62
10.50
16.01
10.50
8.56
56
3.88
Operating margin%
1.52
0.40
2.85
0.98
0.40
0.57
2.16
2.90
5.37
6.75
3.72
2.90
1.84
27
11.62
Net margin%
11.25
11.96
10.56
7.57
10.29
12.84
12.29
13.50
11.66
9.54
29.62
12.29
11.45
87
13.77
P/E ratio (avg)x
24.24
24.55
26.87
28.15
26.41
27.25
30.45
33.63
33.74
38.12
20.03
33.63
27.70
23
37.92
EV/EBITx
28.57
27.84
29.50
27.15
24.08
25.90
24.51
26.16
23.94
21.40
19.71
24.51
26.03
14
16.60
FCF yield (avg)%
8.11
10.61
9.47
7.65
8.11
8.92
11.08
13.76
12.32
9.82
18.77
11.08
9.64
72
9.62
FCF margin%
7.74
10.35
8.29
8.65
11.63
13.99
16.24
15.63
13.85
16.29
14.41
15.63
12.74
17
0.322
FCF / Net incomex
1.089
1.203
1.311
1.341
1.292
1.502
1.726
1.900
1.903
1.823
1.015
1.823
1.421
29
21.93
ROIC%
25.00
25.32
25.48
28.27
26.89
24.80
27.55
29.28
30.16
28.15
16.11
28.15
27.22
30
29.83
Return on equity%
8.16
7.44
5.95
7.09
9.05
10.28
12.29
14.40
17.14
19.87
10.78
14.40
9.66
81
27.19
Return on assets%
11.46
13.13
10.94
13.93
14.56
14.07
12.32
12.37
11.06
12.76
14.26
12.37
12.57
25
1.11
EPSNT$
0.82
0.85
0.84
0.90
0.94
0.86
0.85
0.76
0.73
0.67
1.14
(6.59%)
(2.57%)
—
29.18
EPS growth%
18.48
20.03
20.21
22.30
22.92
25.39
26.39
28.09
30.85
28.52
23.41
28.09
24.15
10
0.45
Bookvalue per shNT$
1.62
1.62
1.69
1.83
1.90
1.96
1.91
2.13
2.09
2.39
1.84
4.76%
3.88%
—
1.85
FCF per shareNT$
1.14
1.23
1.21
1.16
1.37
1.50
1.60
1.62
1.92
1.90
0.32
6.81%
6.30%
—
1.36
Dividend per shNT$
0.58
0.59
0.56
0.54
0.61
0.62
0.60
0.59
0.61
0.68
0.49
2.30%
1.04%
—
26.78
Div yield (avg)%
11.63
11.92
14.27
13.16
10.28
7.96
5.75
6.01
5.41
6.36
19.22
6.01
9.12
80
5.32
Payout ratio%
19.64
19.61
21.06
19.28
17.68
20.38
20.88
22.04
19.16
17.04
13.72
20.38
19.63
29
104.7
Shares (diluted)M
166.6
189.4
194.7
207.9
215.1
229.7
220.6
225.9
229.8
264.2
106.9
4.19%
4.75%
71
25.00
Buyback yield%
7.88
8.09
5.67
3.97
1.64
3.04
0.61
0.40
0.63
2.98
9.55
0.63
3.01
9
1.482
D/E ratiox
1.037
1.008
0.971
1.119
1.241
1.307
1.428
1.406
1.430
1.523
0.611
1.428
1.274
69
202.7
Enterprise valueNT$M
88.70
76.22
82.30
81.48
73.26
73.98
74.94
80.53
79.82
72.18
253.5
(0.30%)
(1.33%)
44
150.8
LT debtNT$M
237.5
216.8
218.9
200.5
228.0
227.4
216.9
216.8
246.0
238.6
201.3
0.91%
1.25%
70
Cost of revenue
3.42%
1.00×
Operating expenses
2.86%
0.95×
Property and equipment
18.97%
Spread over hurdle
(1.70%)