37.70
RevenueNT$M
232.4
248.7
257.5
264.9
277.1
293.4
308.8
331.7
355.4
365.2
42.00
5.67%
5.15%
28
3.50
Revenue growth%
20.37
19.90
19.88
18.70
21.57
18.72
16.78
18.64
19.19
17.30
12.91
18.64
18.96
29
26.24
Gross margin%
11.20
12.60
11.66
12.05
11.38
11.77
9.84
6.88
8.57
6.69
27.74
8.57
11.29
60
22.44
Operating margin%
5.47
2.93
0.40
1.67
1.45
4.22
5.77
3.49
1.45
2.95
4.88
3.49
2.94
27
26.38
Net margin%
13.55
10.68
8.13
9.66
10.33
11.89
14.80
12.09
11.22
11.70
7.53
11.89
11.46
9
7.793
P/E ratio (avg)x
27.76
24.29
21.18
22.81
23.28
22.87
22.82
21.16
22.20
22.98
13.75
22.82
22.84
39
21.32
EV/EBITx
29.21
25.22
24.87
22.65
21.86
22.14
23.18
20.75
22.16
20.79
10.28
22.14
22.41
42
23.22
FCF yield (avg)%
7.77
8.89
6.14
7.68
8.26
5.78
5.42
8.19
7.14
7.78
17.46
7.14
7.73
5
23.98
FCF margin%
4.58
2.01
1.33
2.19
1.48
3.99
5.58
6.10
6.07
4.43
17.08
5.58
4.21
9
1.181
FCF / Net incomex
2.150
2.435
2.723
2.878
3.232
3.718
3.859
4.168
4.188
4.605
1.611
4.168
3.475
64
18.31
ROIC%
8.89
6.69
5.05
4.94
7.44
8.04
10.29
11.92
12.99
10.66
14.49
10.66
8.47
8
26.60
Return on equity%
6.91
8.43
10.80
10.44
10.41
11.17
14.07
14.96
17.76
16.20
12.36
14.96
10.98
25
6.35
Return on assets%
14.38
14.51
16.60
19.12
20.19
18.19
20.99
22.31
24.34
25.59
24.16
22.31
19.65
80
4.44
EPSNT$
2.23
2.65
3.00
3.39
3.99
4.02
4.04
4.81
5.12
5.84
4.66
7.91%
10.43%
—
5.59
EPS growth%
11.59
12.22
10.49
12.36
10.77
11.58
10.75
11.51
11.34
13.77
10.50
11.51
11.54
73
1.15
Bookvalue per shNT$
5.42
6.21
6.40
7.02
7.89
7.69
7.92
9.34
10.26
10.41
4.34
5.70%
8.35%
—
4.68
FCF per shareNT$
2.56
2.37
2.39
2.19
2.41
2.18
2.09
2.24
2.39
2.10
2.32
(2.70%)
(1.87%)
—
3.21
Dividend per shNT$
3.64
3.88
4.55
4.37
4.63
4.82
5.49
6.02
5.92
6.60
4.11
7.34%
6.45%
—
6.63
Div yield (avg)%
3.94
5.01
5.47
2.51
1.69
4.52
2.10
2.43
5.19
3.14
25.31
3.14
3.54
75
10.93
Payout ratio%
1.00
1.57
0.40
3.39
5.45
7.24
7.28
4.87
4.96
5.04
17.13
5.04
4.92
30
56.51
Shares (diluted)M
44.53
45.52
50.40
53.31
56.16
58.65
56.36
57.14
53.65
59.66
54.17
1.22%
2.06%
71
4.44
Buyback yield%
25.89
24.92
25.07
23.40
20.76
18.19
19.23
20.47
23.20
20.73
16.97
20.47
21.98
54
0.206
D/E ratiox
1.586
1.403
1.308
1.282
1.243
1.084
1.142
1.148
1.245
1.291
1.231
1.148
1.263
73
292.1
Enterprise valueNT$M
80.71
80.96
90.93
90.75
90.88
85.62
89.36
104.6
100.9
109.4
378.5
3.78%
4.60%
59
403.6
LT debtNT$M
82.80
90.82
83.34
72.98
77.91
75.55
76.80
83.00
85.03
78.56
359.3
0.17%
(1.31%)
19
Cost of revenue
5.35%
1.02×
Operating expenses
5.27%
1.01×
Goodwill & intangibles
20.08%
Spread over hurdle
11.66%