1.548
RevenueNT$B
1.261
1.369
1.489
1.610
1.757
1.904
2.078
2.268
2.453
2.661
1.639
8.66%
8.56%
11
23.41
Revenue growth%
11.00
10.21
10.24
11.55
8.97
7.25
8.08
8.54
7.81
6.33
9.67
7.81
8.75
41
13.65
Gross margin%
15.73
15.86
13.24
13.49
12.75
11.22
10.55
10.48
10.02
9.50
2.66
10.48
11.98
50
17.19
Operating margin%
3.49
5.42
5.85
4.47
4.13
2.02
1.33
1.30
3.39
4.64
14.94
2.02
3.81
90
10.43
Net margin%
7.17
9.87
11.79
9.84
8.56
10.98
13.61
13.53
16.33
18.53
13.06
13.61
11.38
21
8.285
P/E ratio (avg)x
34.39
39.50
45.50
50.21
50.73
57.68
55.94
62.43
59.79
59.94
21.25
59.79
53.34
27
31.87
EV/EBITx
26.94
30.73
33.76
37.61
42.51
44.65
45.54
44.51
44.64
42.24
19.60
44.64
42.38
66
7.39
FCF yield (avg)%
17.19
18.45
20.06
22.98
21.43
20.96
23.09
25.86
24.26
23.19
27.77
23.19
22.21
62
27.22
FCF margin%
29.46
30.02
32.20
31.99
30.46
27.75
27.92
25.33
26.84
27.74
22.31
27.74
28.69
73
0.307
FCF / Net incomex
0.636
0.572
0.547
0.583
0.631
0.627
0.695
0.717
0.673
0.676
1.251
0.676
0.633
70
26.52
ROIC%
22.63
22.64
25.63
25.63
25.91
25.23
23.37
23.29
24.61
22.21
23.58
23.37
23.99
92
12.21
Return on equity%
4.08
6.58
4.94
5.26
5.94
8.16
7.08
9.87
10.78
11.60
19.38
9.87
6.83
13
12.96
Return on assets%
22.78
23.27
20.27
21.15
24.12
26.77
29.52
31.57
34.54
37.29
20.17
31.57
25.45
58
7.17
EPSNT$
21.17
21.37
22.14
23.11
27.87
28.01
32.13
37.74
39.01
40.45
7.88
7.73%
8.40%
—
11.49
EPS growth%
2.58
2.37
1.82
4.42
1.77
1.90
1.67
4.64
4.29
3.57
28.59
3.57
2.48
83
8.50
Bookvalue per shNT$
17.04
16.69
16.93
18.06
19.93
21.91
23.54
22.09
21.28
21.21
12.38
1.25%
2.97%
—
3.93
FCF per shareNT$
3.63
3.82
3.70
3.59
3.67
3.85
4.01
4.30
3.73
3.22
9.16
(2.58%)
(2.04%)
—
3.00
Dividend per shNT$
10.51
10.49
11.75
11.70
12.12
12.99
13.32
13.57
14.02
15.42
11.69
4.93%
3.55%
—
3.11
Div yield (avg)%
32.19
31.09
31.88
29.26
28.30
27.11
29.08
28.80
31.10
31.68
12.09
29.08
30.18
22
13.90
Payout ratio%
12.42
10.47
11.67
12.61
13.12
15.38
13.35
12.85
11.40
11.09
19.96
12.85
12.51
19
91.62
Shares (diluted)M
126.7
144.8
170.6
164.5
181.1
173.9
169.5
189.3
200.9
194.1
91.07
1.39%
5.15%
34
29.75
Buyback yield%
22.08
24.58
23.22
21.06
18.67
19.09
19.66
18.37
17.22
17.88
13.96
18.37
19.37
27
0.853
D/E ratiox
0.989
1.044
1.093
1.073
0.951
1.039
0.907
0.900
0.923
1.013
1.080
0.923
1.001
40
0.716
Enterprise valueNT$B
2.135
2.329
2.568
2.418
2.294
2.108
2.103
2.253
2.345
2.547
1.131
2.12%
1.38%
35
524.7
LT debtNT$M
561.9
549.4
514.5
529.3
480.9
455.7
437.1
420.1
380.9
350.9
330.9
(6.11%)
(4.24%)
88
Cost of revenue
8.35%
0.98×
Operating expenses
8.70%
1.01×
Cash and investments
18.86%
Spread over hurdle
39.23%