234.1
RevenueNT$M
562.3
600.2
640.0
681.8
731.9
768.4
816.0
867.2
934.4
979.9
256.2
6.01%
6.51%
39
18.26
Revenue growth%
15.35
16.48
17.94
14.96
13.06
15.84
13.84
15.38
15.06
17.55
21.15
15.38
15.36
39
15.02
Gross margin%
18.25
18.73
20.84
21.55
18.92
16.07
15.71
18.59
15.76
17.65
29.45
16.07
18.42
56
25.30
Operating margin%
27.18
28.27
27.51
28.98
30.40
29.14
26.76
27.19
27.63
25.03
21.33
27.19
27.57
17
15.84
Net margin%
25.29
27.77
25.49
25.40
24.02
22.56
24.24
23.16
26.07
23.34
8.30
23.34
24.76
12
19.49
P/E ratio (avg)x
16.05
15.94
14.53
15.56
14.90
16.44
15.96
15.11
14.02
13.59
9.921
15.11
15.33
64
35.73
EV/EBITx
14.40
14.37
13.60
15.19
13.69
12.30
11.84
12.06
13.08
11.96
14.17
12.06
13.34
34
9.13
FCF yield (avg)%
20.44
20.29
20.77
22.71
24.50
25.05
26.85
24.02
22.49
23.55
4.00
24.02
23.13
56
16.04
FCF margin%
8.02
10.41
7.74
7.07
5.65
4.78
6.10
3.88
4.98
4.09
28.64
4.78
5.88
81
1.697
FCF / Net incomex
0.226
0.245
0.238
0.267
0.266
0.285
0.269
0.257
0.271
0.264
1.731
0.269
0.265
15
3.83
ROIC%
14.65
12.72
10.36
11.14
9.95
8.01
6.98
6.48
8.39
9.31
26.34
8.01
9.63
20
12.50
Return on equity%
32.59
32.49
29.86
28.09
26.33
26.38
26.30
26.64
24.77
26.26
15.28
26.30
26.51
10
21.27
Return on assets%
26.17
25.52
28.50
26.84
27.34
30.17
30.36
32.34
33.70
32.29
20.66
32.29
29.34
48
1.78
EPSNT$
1.41
1.25
1.36
1.27
1.35
1.30
1.33
1.38
1.41
1.36
1.93
0.21%
(0.49%)
—
20.84
EPS growth%
13.81
11.63
12.41
13.68
16.27
13.82
15.55
15.46
16.50
14.23
10.84
15.46
14.02
30
0.87
Bookvalue per shNT$
3.40
3.44
3.46
3.97
4.71
4.75
5.65
5.65
6.53
7.20
2.10
8.87%
7.88%
—
1.57
FCF per shareNT$
2.22
2.39
2.48
2.90
3.06
3.48
4.06
4.72
4.48
4.27
1.03
6.88%
6.27%
—
2.77
Dividend per shNT$
0.84
0.84
0.98
0.95
1.06
1.21
1.32
1.29
1.49
1.66
0.55
9.28%
8.91%
—
24.64
Div yield (avg)%
8.02
6.38
8.13
9.98
12.44
14.69
12.81
14.50
16.13
15.76
18.36
14.69
12.62
63
8.27
Payout ratio%
19.93
20.28
20.63
18.21
17.17
14.21
12.99
13.25
13.27
13.54
26.90
13.27
15.69
21
198.7
Shares (diluted)M
223.8
247.0
278.5
290.5
287.7
304.3
292.1
268.1
263.0
257.1
198.0
(2.23%)
2.06%
36
2.99
Buyback yield%
29.43
29.77
29.27
32.04
30.59
28.33
31.04
31.12
29.67
26.77
5.21
29.67
29.72
24
0.761
D/E ratiox
2.173
2.244
2.205
1.954
1.824
1.625
1.745
1.713
1.813
1.774
0.856
1.745
1.819
39
917.6
Enterprise valueNT$M
66.57
67.27
72.72
61.62
60.25
64.96
60.73
60.68
64.06
67.81
181.7
2.39%
(0.75%)
25
0.204
LT debtNT$B
1.071
1.292
1.443
1.722
1.923
1.972
2.365
2.840
3.140
3.146
0.421
10.34%
13.44%
80
Cost of revenue
6.27%
0.98×
Operating expenses
6.44%
0.99×
Property and equipment
22.53%
Spread over hurdle
(2.98%)