498.0
RevenueNT$M
491.1
489.4
501.6
497.9
505.9
522.3
541.1
557.5
571.8
582.7
527.0
2.87%
1.61%
56
26.16
Revenue growth%
15.03
17.41
18.01
17.46
19.10
21.50
18.58
19.97
19.14
21.98
21.92
19.97
18.84
87
12.80
Gross margin%
3.81
1.44
0.40
0.40
2.06
0.52
0.88
1.31
1.70
4.33
21.52
1.31
1.38
40
17.26
Operating margin%
5.75
8.02
5.12
7.93
10.50
12.78
11.66
13.88
16.19
17.74
27.79
13.88
11.08
26
6.83
Net margin%
19.92
18.65
15.84
15.68
18.65
21.44
22.25
20.52
21.59
22.93
20.33
21.59
20.22
43
32.08
P/E ratio (avg)x
20.43
21.72
20.33
23.56
26.60
25.26
25.18
28.09
31.86
32.38
18.86
28.09
25.22
37
16.90
EV/EBITx
44.12
48.10
48.92
56.51
65.57
71.10
81.67
87.35
95.43
97.16
22.72
87.35
68.33
25
29.36
FCF yield (avg)%
15.98
14.23
14.48
15.03
13.71
13.84
11.50
8.67
9.79
7.14
5.38
9.79
13.77
35
15.70
FCF margin%
27.03
25.05
27.50
25.91
25.78
28.29
28.60
29.47
27.44
25.81
15.39
28.29
27.24
66
1.220
FCF / Net incomex
1.683
1.752
2.005
2.355
2.710
2.858
2.810
3.168
3.321
3.537
1.260
3.168
2.760
33
9.35
ROIC%
21.83
21.73
20.83
22.16
22.22
24.94
21.99
21.57
24.01
24.15
3.74
24.01
22.08
70
28.36
Return on equity%
8.83
6.03
4.40
4.38
6.88
4.78
2.22
4.71
3.54
6.34
14.49
4.71
4.74
90
17.79
Return on assets%
10.51
12.52
12.37
9.90
10.74
8.32
7.79
6.31
4.68
6.36
12.86
6.36
9.11
70
9.53
EPSNT$
3.00
3.44
3.50
3.41
3.90
4.22
4.51
5.02
5.81
6.71
9.91
11.43%
10.31%
—
5.48
EPS growth%
27.68
26.82
24.75
26.34
26.97
25.98
23.07
21.62
24.14
21.36
2.67
23.07
25.37
38
6.44
Bookvalue per shNT$
6.66
7.38
7.46
8.25
8.45
9.17
8.93
8.87
9.25
8.92
9.13
1.07%
3.78%
—
11.11
FCF per shareNT$
6.77
8.07
8.07
8.02
8.51
8.36
8.87
9.15
9.70
10.50
2.32
4.31%
5.48%
—
12.78
Dividend per shNT$
8.92
8.66
9.88
10.12
11.49
13.74
14.56
16.75
17.83
18.72
11.18
10.25%
9.22%
—
6.66
Div yield (avg)%
25.15
23.51
24.68
24.62
27.23
29.16
28.73
26.08
25.43
22.91
2.61
26.08
25.29
29
21.97
Payout ratio%
9.12
8.32
7.74
10.46
11.56
12.52
12.71
14.13
16.04
16.39
28.08
14.13
12.04
74
52.85
Shares (diluted)M
77.58
89.39
97.01
94.20
107.4
116.2
130.0
144.6
140.8
154.2
52.01
7.51%
6.94%
92
27.75
Buyback yield%
11.38
10.85
10.40
12.38
13.16
12.96
12.26
10.92
9.45
6.87
9.41
10.92
11.15
70
1.623
D/E ratiox
1.264
1.131
0.972
0.995
0.929
0.864
0.831
0.705
0.707
0.732
1.341
0.732
0.897
74
298.9
Enterprise valueNT$M
199.4
200.5
212.0
213.8
220.6
236.8
266.2
275.6
307.7
344.1
379.8
9.30%
5.80%
90
0.295
LT debtNT$B
0.799
0.752
0.876
0.860
0.885
0.846
0.939
0.996
0.986
1.047
0.292
3.42%
3.37%
83
Cost of revenue
1.61%
1.00×
Operating expenses
1.63%
1.00×
Cash and investments
18.53%
Property and equipment
18.23%
Spread over hurdle
(3.76%)