0.749
RevenueNT$B
0.966
1.004
1.029
1.100
1.152
1.232
1.290
1.343
1.421
1.480
0.809
5.15%
4.92%
50
24.64
Revenue growth%
24.76
22.79
24.34
23.60
22.00
22.18
20.14
19.72
20.55
20.57
19.19
20.55
22.09
7
19.62
Gross margin%
26.26
28.56
25.56
25.61
23.53
20.98
18.83
18.50
16.13
14.25
24.33
18.50
22.25
82
14.85
Operating margin%
0.61
1.66
2.14
0.59
0.40
2.49
1.10
1.84
0.40
0.40
24.91
1.10
0.85
34
2.96
Net margin%
27.17
26.57
25.65
28.45
27.93
27.24
30.00
30.12
31.10
29.23
8.27
30.00
28.19
68
19.45
P/E ratio (avg)x
27.33
26.66
25.71
26.71
22.76
21.64
18.39
17.47
15.36
14.66
13.00
17.47
22.20
87
11.73
EV/EBITx
11.54
10.97
11.53
11.29
10.10
9.804
9.873
10.53
11.16
10.40
8.120
10.40
10.75
78
5.71
FCF yield (avg)%
18.93
20.20
21.14
21.81
24.43
21.91
21.69
20.72
19.73
21.55
24.64
21.55
21.35
30
20.10
FCF margin%
18.32
19.73
18.79
19.04
20.01
18.20
20.30
19.97
18.52
19.36
2.19
19.36
19.20
80
0.642
FCF / Net incomex
0.507
0.536
0.517
0.556
0.594
0.648
0.582
0.554
0.541
0.500
1.280
0.554
0.547
15
20.15
ROIC%
19.98
22.82
25.56
22.68
20.46
20.11
18.82
19.53
20.04
19.34
17.42
19.53
20.07
89
2.84
Return on equity%
8.37
11.31
14.01
11.72
9.40
11.92
9.26
8.02
8.10
9.92
28.41
9.26
9.66
32
18.42
Return on assets%
19.78
17.86
15.28
17.60
18.17
16.47
14.81
12.66
11.20
13.04
26.90
13.04
15.88
15
0.92
EPSNT$
0.87
0.78
0.74
0.78
0.78
0.75
0.67
0.59
0.62
0.52
0.97
(7.72%)
(6.03%)
—
28.41
EPS growth%
2.68
0.40
0.40
0.40
3.01
3.21
3.47
1.92
4.71
2.61
6.54
3.21
2.64
38
2.81
Bookvalue per shNT$
3.32
3.25
3.32
3.26
3.18
3.20
3.53
3.87
4.13
3.88
1.32
4.03%
1.30%
—
1.56
FCF per shareNT$
3.81
4.11
4.49
4.73
4.53
4.42
4.39
4.20
4.61
4.39
3.86
(0.66%)
1.98%
—
2.51
Dividend per shNT$
4.44
4.88
4.89
4.84
5.02
5.92
6.43
7.27
7.12
7.67
3.27
8.86%
5.65%
—
23.26
Div yield (avg)%
12.12
9.27
8.68
6.30
9.27
9.48
9.20
11.64
13.99
13.62
21.25
11.64
9.38
32
12.83
Payout ratio%
18.32
19.19
19.10
16.83
16.52
15.52
18.18
20.24
20.02
21.41
2.89
20.02
18.71
33
98.27
Shares (diluted)M
67.55
59.08
62.14
55.32
56.82
51.62
45.45
47.87
45.40
41.32
98.25
(6.17%)
(5.45%)
20
27.01
Buyback yield%
10.48
10.12
12.52
13.66
13.13
14.54
13.10
14.32
16.52
19.15
23.08
14.54
13.39
14
0.784
D/E ratiox
1.840
1.941
2.092
2.275
2.669
3.154
3.593
3.621
3.652
3.680
0.433
3.621
2.911
32
988.5
Enterprise valueNT$M
446.9
474.6
488.3
522.0
505.8
557.3
583.2
599.9
650.5
585.2
706.6
2.96%
1.59%
12
66.42
LT debtNT$M
215.6
231.0
248.9
264.7
270.0
315.5
343.9
369.9
420.8
433.5
246.2
9.93%
8.32%
75
Cost of revenue
4.59%
0.97×
Operating expenses
5.46%
1.05×
Cash and investments
13.83%
Spread over hurdle
55.91%