1.413
RevenueNT$B
1.447
1.522
1.584
1.671
1.746
1.782
1.890
1.980
2.025
2.119
1.446
3.96%
4.53%
43
9.15
Revenue growth%
10.76
9.01
8.23
5.91
7.58
5.79
4.33
1.83
1.87
1.98
27.91
1.98
5.85
93
9.04
Gross margin%
25.47
25.90
27.00
26.35
23.51
25.13
27.16
28.30
26.83
29.32
24.89
27.16
26.59
38
11.21
Operating margin%
25.85
26.70
26.28
24.36
25.87
27.40
27.68
24.75
27.19
27.87
25.32
27.40
26.49
28
21.51
Net margin%
20.39
21.96
19.53
18.18
19.16
18.71
21.18
22.59
25.53
22.61
29.60
22.59
20.79
51
29.20
P/E ratio (avg)x
22.32
24.03
25.33
29.07
30.42
28.89
27.40
29.24
28.89
31.87
31.63
28.89
28.89
41
11.52
EV/EBITx
14.77
13.32
14.08
13.49
11.44
11.86
11.12
10.51
9.539
8.591
23.26
10.51
11.65
34
29.49
FCF yield (avg)%
1.45
4.31
3.79
6.77
5.71
5.47
3.48
2.10
2.55
2.56
20.74
2.56
3.64
39
4.20
FCF margin%
29.24
28.93
28.38
31.12
30.15
28.21
26.61
26.05
28.26
29.21
19.08
28.21
28.65
71
0.988
FCF / Net incomex
0.197
0.193
0.206
0.221
0.241
0.246
0.241
0.225
0.237
0.222
0.640
0.237
0.223
16
3.20
ROIC%
14.68
13.29
15.80
17.60
15.81
14.71
14.37
15.44
18.30
19.18
2.85
15.44
15.62
28
8.80
Return on equity%
24.57
26.14
28.47
29.99
32.34
33.49
34.71
33.31
34.82
35.55
13.60
34.71
32.82
15
16.90
Return on assets%
21.42
21.34
20.42
17.51
19.13
19.28
19.25
21.97
23.19
21.32
7.38
21.32
20.87
94
5.64
EPSNT$
8.71
8.91
9.28
9.95
9.67
9.39
10.47
11.44
10.77
10.40
6.24
1.46%
3.14%
—
27.15
EPS growth%
26.14
24.56
22.93
20.36
18.40
19.41
20.79
22.44
24.56
26.09
7.30
22.44
22.68
32
5.63
Bookvalue per shNT$
9.70
10.13
9.26
9.10
8.39
9.07
10.26
11.30
11.46
11.77
5.44
7.02%
3.15%
—
3.53
FCF per shareNT$
8.80
9.56
9.19
9.41
10.12
9.92
9.02
9.20
8.26
7.89
5.03
(4.87%)
(0.28%)
—
4.32
Dividend per shNT$
9.94
10.11
10.59
12.56
13.28
15.08
16.70
17.18
20.51
23.22
6.93
11.82%
9.70%
—
21.87
Div yield (avg)%
3.32
2.26
1.71
1.07
1.91
2.79
5.67
6.20
5.96
8.49
9.21
5.96
3.06
39
7.18
Payout ratio%
12.88
11.42
14.18
15.03
13.91
11.24
11.89
9.82
11.96
12.48
9.87
11.89
12.22
64
84.69
Shares (diluted)M
135.5
160.9
166.7
195.6
215.8
249.8
251.6
272.8
308.0
329.0
87.46
8.80%
9.17%
20
7.10
Buyback yield%
19.96
18.80
19.64
19.04
21.94
21.94
19.70
19.09
19.47
20.77
23.97
19.70
19.67
6
0.178
D/E ratiox
1.056
1.102
1.235
1.299
1.290
1.464
1.350
1.386
1.302
1.423
0.145
1.386
1.300
66
121.2
Enterprise valueNT$M
425.5
416.1
408.8
395.8
399.5
399.5
402.1
465.1
510.0
505.3
711.4
4.81%
2.49%
51
0.399
LT debtNT$B
1.106
1.212
1.374
1.608
1.798
1.956
1.875
2.065
2.199
2.435
1.154
6.25%
9.75%
30
Cost of revenue
4.37%
0.99×
Operating expenses
4.45%
0.99×
Goodwill & intangibles
19.31%
Cash and investments
17.80%
Spread over hurdle
13.74%