0.621
RevenueNT$B
0.826
0.884
0.944
1.005
1.086
1.180
1.288
1.376
1.491
1.581
0.679
7.80%
7.53%
27
17.75
Revenue growth%
19.10
21.14
22.87
23.19
26.16
27.89
28.52
25.82
26.10
25.28
21.93
26.10
25.55
73
10.60
Gross margin%
21.62
22.11
20.93
19.67
20.29
21.82
24.13
26.72
24.50
26.33
28.47
24.50
21.97
25
15.40
Operating margin%
15.52
14.57
14.72
16.81
16.64
17.56
14.96
14.99
16.66
16.74
28.99
16.66
16.08
44
10.79
Net margin%
34.16
31.92
30.65
30.64
28.07
25.08
26.42
24.41
25.82
23.09
14.64
25.08
27.24
42
16.73
P/E ratio (avg)x
28.35
30.74
31.97
35.55
34.70
36.29
35.83
34.31
35.00
35.81
37.68
35.81
34.85
61
21.61
EV/EBITx
42.19
40.22
37.74
39.53
37.74
42.48
48.25
48.51
45.32
45.45
31.67
45.45
42.34
75
22.93
FCF yield (avg)%
20.35
19.79
20.22
18.11
18.53
16.37
15.86
16.94
17.26
15.30
5.38
16.37
17.68
6
10.36
FCF margin%
7.24
9.01
8.05
6.96
5.62
7.49
9.98
12.34
9.77
12.66
13.79
9.98
8.53
58
0.692
FCF / Net incomex
2.049
2.333
2.466
2.599
2.638
2.872
3.104
3.005
3.339
3.444
1.005
3.104
2.755
16
8.26
ROIC%
21.12
18.15
18.85
17.54
17.54
17.84
19.43
18.52
17.16
15.10
4.19
17.84
18.00
25
25.11
Return on equity%
14.47
13.51
11.35
11.20
9.28
6.71
9.12
7.39
5.65
4.20
28.53
6.71
9.20
25
11.02
Return on assets%
13.84
11.30
9.97
8.51
10.80
9.18
8.63
10.98
13.13
12.49
16.06
10.98
10.89
84
2.22
EPSNT$
2.10
2.00
2.05
1.85
1.86
2.00
2.00
1.73
1.69
1.62
2.47
(2.65%)
(3.28%)
—
11.03
EPS growth%
6.34
6.35
5.98
3.84
4.20
5.71
8.18
6.80
8.44
7.89
9.78
7.89
6.34
76
1.13
Bookvalue per shNT$
2.59
2.97
3.22
3.33
3.16
3.47
3.39
3.76
3.57
3.78
3.07
3.66%
5.44%
—
1.72
FCF per shareNT$
3.18
2.94
2.73
2.80
2.48
2.79
2.67
2.37
2.64
2.65
3.14
1.28%
(0.94%)
—
3.43
Dividend per shNT$
4.09
4.57
4.97
5.19
5.65
6.29
5.82
5.82
5.65
5.20
2.30
(1.67%)
2.01%
—
15.66
Div yield (avg)%
11.20
11.31
12.76
12.98
10.59
11.97
11.86
13.97
13.69
14.73
11.59
13.69
12.37
47
29.62
Payout ratio%
18.81
20.63
19.25
19.27
19.84
17.99
20.36
21.04
20.66
22.48
7.66
20.66
20.10
85
88.38
Shares (diluted)M
95.54
104.0
123.7
139.5
159.2
175.4
180.8
188.2
195.2
210.2
89.40
5.72%
8.11%
38
26.15
Buyback yield%
20.40
20.68
18.17
18.61
21.12
19.39
17.27
18.49
15.81
18.06
29.00
18.06
18.55
24
0.135
D/E ratiox
0.200
0.204
0.222
0.211
0.211
0.233
0.238
0.274
0.313
0.332
0.361
0.274
0.228
95
544.7
Enterprise valueNT$M
676.7
666.6
672.4
767.7
830.3
834.1
920.0
914.9
917.1
967.3
900.2
3.10%
3.52%
62
775.2
LT debtNT$M
907.2
904.1
894.5
812.8
738.8
716.0
739.3
721.4
651.5
671.7
205.1
(1.89%)
(4.24%)
16
Cost of revenue
7.42%
0.99×
Operating expenses
7.85%
1.03×
Cash and investments
17.87%
Spread over hurdle
(4.34%)