3.365
RevenueNT$B
2.608
2.743
2.815
2.919
3.079
3.106
3.151
3.257
3.428
3.499
3.553
2.59%
3.50%
39
24.00
Revenue growth%
10.91
13.29
11.55
10.54
9.11
8.73
8.93
8.64
9.52
6.57
4.94
8.73
9.32
39
27.92
Gross margin%
2.98
3.64
2.32
0.40
0.40
1.44
1.54
4.15
1.97
3.82
2.41
1.97
2.15
27
24.10
Operating margin%
8.75
9.48
8.84
6.72
8.34
5.94
4.38
6.80
9.64
9.27
18.66
6.80
8.55
18
21.95
Net margin%
6.95
8.94
10.33
9.75
8.75
8.11
8.56
10.37
9.57
8.06
21.91
8.56
8.84
86
37.92
P/E ratio (avg)x
13.58
15.80
17.52
19.03
22.34
23.01
25.43
28.86
29.30
29.07
11.21
28.86
22.67
92
18.08
EV/EBITx
43.65
46.19
43.99
43.91
48.14
53.08
58.98
59.55
63.26
74.53
25.17
59.55
50.61
51
6.34
FCF yield (avg)%
34.44
35.06
34.83
35.32
35.68
34.93
35.94
35.19
32.77
32.43
5.71
34.93
34.99
50
28.03
FCF margin%
30.30
31.58
28.62
27.17
28.84
28.01
29.19
27.74
26.96
25.34
20.44
27.74
28.32
49
1.741
FCF / Net incomex
0.354
0.353
0.360
0.348
0.378
0.352
0.378
0.354
0.343
0.367
0.904
0.354
0.354
76
12.01
ROIC%
4.39
3.49
6.10
6.33
6.66
6.02
7.22
6.77
9.40
9.90
25.32
7.22
6.50
30
11.34
Return on equity%
29.87
28.72
26.66
27.25
26.34
29.30
28.44
27.47
26.06
25.16
17.99
27.47
27.36
37
18.22
Return on assets%
17.19
17.25
17.17
14.39
12.11
13.78
14.87
12.95
12.27
11.59
28.75
12.95
14.09
85
5.54
EPSNT$
3.45
3.04
3.17
2.96
2.97
3.22
3.07
2.76
2.80
2.69
5.90
(1.93%)
(3.80%)
—
22.14
EPS growth%
9.09
7.99
10.09
9.06
6.25
3.43
2.78
0.40
2.25
3.69
27.29
2.78
4.97
70
2.69
Bookvalue per shNT$
6.79
7.12
7.81
7.39
7.82
8.93
10.31
11.92
12.11
12.35
3.82
9.56%
7.47%
—
7.62
FCF per shareNT$
5.12
5.49
5.23
5.05
5.03
4.94
4.61
5.08
5.36
5.44
5.40
1.59%
0.64%
—
2.21
Dividend per shNT$
5.99
6.44
6.10
6.63
6.09
5.88
6.46
6.28
6.59
5.85
5.44
(0.80%)
(0.23%)
—
9.90
Div yield (avg)%
25.12
26.01
23.65
22.06
21.15
18.62
19.10
20.33
20.27
17.94
10.64
19.10
20.74
48
2.05
Payout ratio%
6.09
5.45
3.02
4.56
1.94
0.40
1.85
0.50
0.40
1.69
22.76
0.50
1.90
22
133.5
Shares (diluted)M
127.9
108.1
97.59
91.88
91.35
91.00
88.28
94.00
80.12
78.22
139.9
(3.06%)
(4.57%)
55
29.18
Buyback yield%
9.31
12.19
11.33
12.24
15.13
14.36
14.35
15.52
15.19
14.51
15.97
14.51
14.36
56
1.368
D/E ratiox
1.146
1.234
1.082
1.089
1.125
1.107
1.092
1.110
0.953
1.041
1.459
1.092
1.099
85
3.624
Enterprise valueNT$B
6.180
6.375
6.402
6.684
7.977
8.024
9.406
10.34
10.14
9.771
1.977
4.14%
6.55%
94
1.540
LT debtNT$B
2.001
2.086
2.065
2.397
2.711
3.166
3.436
3.871
4.016
3.796
1.439
6.96%
6.82%
11
Cost of revenue
3.50%
1.00×
Operating expenses
3.50%
1.00×
Spread over hurdle
(2.31%)