1.910
RevenueNT$B
1.356
1.440
1.567
1.696
1.800
1.910
2.007
2.124
2.311
2.420
2.099
6.10%
6.40%
83
14.40
Revenue growth%
21.55
22.26
20.43
19.71
17.38
20.36
19.98
17.57
19.21
18.59
5.48
19.21
19.84
49
6.53
Gross margin%
10.36
9.73
11.55
11.75
14.19
12.43
12.21
11.90
12.95
13.52
5.78
12.43
12.05
62
29.68
Operating margin%
24.21
22.30
19.83
21.09
20.30
18.33
16.28
18.24
16.07
16.48
22.35
16.48
19.08
60
5.46
Net margin%
6.33
5.11
2.34
0.80
2.44
3.45
4.68
7.38
7.72
6.71
15.08
6.71
4.89
53
35.23
P/E ratio (avg)x
24.99
27.75
28.25
28.05
28.32
26.48
27.91
28.97
26.61
28.44
29.14
27.91
27.98
80
18.68
EV/EBITx
8.010
7.893
7.677
7.906
7.668
7.552
7.458
6.797
5.910
5.083
8.168
6.797
7.610
80
16.19
FCF yield (avg)%
19.10
20.91
18.38
16.13
14.50
15.46
18.41
16.39
19.23
17.94
5.85
17.94
18.16
87
24.28
FCF margin%
17.96
16.25
13.46
14.98
14.04
14.20
15.14
12.85
14.94
14.11
21.25
14.20
14.57
30
1.251
FCF / Net incomex
1.483
1.614
1.900
2.108
2.249
2.627
3.049
3.190
3.601
3.601
0.277
3.190
2.438
45
16.37
ROIC%
27.92
25.74
25.57
24.95
25.85
24.35
21.56
20.00
20.68
17.72
15.42
20.68
24.65
67
15.36
Return on equity%
11.03
9.11
11.28
12.12
10.80
11.09
12.40
13.09
11.52
12.26
24.91
12.26
11.40
10
2.26
Return on assets%
6.79
6.13
3.60
2.44
4.42
6.18
3.37
0.52
0.40
0.40
10.61
0.52
3.49
91
4.60
EPSNT$
5.09
5.26
4.94
4.39
4.57
4.47
4.76
5.16
5.25
4.56
4.95
(0.05%)
(1.89%)
—
22.97
EPS growth%
22.39
21.45
22.83
22.05
22.16
22.12
22.62
25.54
26.08
25.74
27.11
25.54
22.51
87
6.28
Bookvalue per shNT$
3.40
3.67
3.85
3.78
3.82
3.50
3.64
3.62
3.69
3.84
2.90
0.12%
0.99%
—
1.60
FCF per shareNT$
5.27
5.58
6.08
6.11
6.10
6.23
6.21
7.07
7.27
8.27
2.77
6.27%
4.74%
—
6.74
Dividend per shNT$
9.18
10.71
12.12
12.54
14.26
14.36
15.86
17.15
18.07
18.05
5.28
4.82%
7.49%
—
14.02
Div yield (avg)%
23.91
21.60
18.99
20.27
20.67
23.18
24.95
23.70
20.95
22.27
7.53
23.18
21.94
69
6.14
Payout ratio%
19.47
21.33
20.36
23.02
20.35
22.47
23.77
25.72
24.78
21.87
22.25
23.77
22.17
56
113.6
Shares (diluted)M
115.8
112.8
106.6
105.0
97.79
108.7
116.5
128.1
124.5
134.7
113.2
6.61%
1.57%
13
2.79
Buyback yield%
6.26
9.08
7.99
10.04
10.63
10.70
10.32
11.94
10.36
12.65
28.06
10.70
10.34
71
0.651
D/E ratiox
0.175
0.180
0.175
0.195
0.208
0.246
0.280
0.325
0.379
0.396
0.565
0.325
0.227
44
0.169
Enterprise valueNT$B
1.716
1.742
1.809
1.822
1.895
2.136
2.182
2.098
2.306
2.189
0.603
2.93%
2.08%
90
1.810
LT debtNT$B
2.052
2.176
2.181
2.394
2.549
2.752
2.751
2.980
3.017
2.717
1.446
1.29%
3.03%
77
Cost of revenue
6.71%
1.03×
Operating expenses
5.66%
0.93×
Goodwill & intangibles
17.80%
Cash and investments
16.68%
Spread over hurdle
19.43%