327.1
RevenueNT$M
478.4
492.5
521.0
546.6
570.5
589.2
619.9
660.6
678.4
721.6
346.3
4.81%
4.67%
12
25.87
Revenue growth%
24.21
23.13
23.58
21.03
23.17
24.95
24.99
25.72
28.30
27.32
6.07
25.72
24.58
21
25.08
Gross margin%
10.21
9.36
9.47
11.48
12.25
11.32
11.41
8.61
8.51
8.47
29.90
8.61
9.84
57
13.31
Operating margin%
0.68
1.05
2.06
4.77
7.33
5.27
7.77
6.26
4.07
2.85
4.21
5.27
4.42
23
10.42
Net margin%
27.77
26.80
26.65
28.65
29.37
31.71
28.82
27.70
30.15
27.35
29.26
28.82
28.21
36
36.98
P/E ratio (avg)x
14.29
14.60
16.69
18.66
20.31
22.98
26.10
26.52
29.58
33.18
33.12
26.52
21.64
24
14.63
EV/EBITx
17.39
16.03
15.15
15.74
14.99
13.43
11.96
11.54
11.78
12.60
13.82
11.96
14.21
64
16.42
FCF yield (avg)%
18.12
16.88
14.86
11.90
11.42
9.77
9.23
10.28
8.33
6.39
7.86
9.23
10.85
73
13.77
FCF margin%
16.46
17.23
16.41
15.58
12.84
10.07
11.53
10.88
10.26
12.09
17.81
10.88
12.46
47
0.186
FCF / Net incomex
2.062
2.144
2.159
2.105
2.106
2.118
2.169
2.475
2.501
2.543
0.406
2.475
2.151
39
22.08
ROIC%
5.14
7.54
5.31
6.18
5.38
5.56
3.73
0.99
0.40
2.72
27.38
2.72
5.22
13
23.04
Return on equity%
8.48
6.35
7.58
7.97
7.96
10.46
8.50
8.39
10.05
8.48
15.22
8.50
8.43
47
27.73
Return on assets%
22.10
21.98
24.63
26.85
28.76
27.37
29.70
28.71
31.18
31.42
7.07
29.70
28.04
20
2.86
EPSNT$
1.21
1.30
1.41
1.51
1.76
1.80
1.83
2.20
2.32
2.43
3.08
6.58%
9.10%
—
15.83
EPS growth%
22.90
24.91
23.82
21.45
21.82
21.86
21.48
18.49
20.11
20.94
17.96
20.94
21.65
13
3.26
Bookvalue per shNT$
6.31
6.75
6.37
7.06
8.11
7.76
8.59
8.99
9.60
10.79
1.05
5.88%
5.23%
—
1.52
FCF per shareNT$
2.34
2.41
2.78
2.95
3.23
3.38
3.89
4.27
4.31
4.93
2.07
8.85%
8.63%
—
1.51
Dividend per shNT$
7.41
8.59
9.57
11.17
13.36
13.99
15.87
16.52
17.43
19.94
4.33
8.34%
11.13%
—
4.32
Div yield (avg)%
11.84
10.33
9.25
10.31
10.52
8.97
9.24
6.91
7.43
10.27
6.40
8.97
9.76
8
12.28
Payout ratio%
6.58
5.02
4.47
2.40
0.40
2.01
0.84
0.87
0.40
0.90
13.13
0.87
1.45
45
57.03
Shares (diluted)M
89.59
98.30
100.1
98.94
102.9
101.1
103.0
113.5
124.9
126.3
54.68
4.19%
4.71%
26
26.37
Buyback yield%
29.73
31.77
32.15
30.57
30.26
29.74
32.36
31.33
32.81
33.55
10.45
32.36
31.55
49
1.168
D/E ratiox
0.580
0.561
0.534
0.547
0.496
0.437
0.434
0.412
0.427
0.360
1.051
0.427
0.466
76
0.147
Enterprise valueNT$B
1.115
1.114
1.259
1.494
1.654
1.928
2.162
2.343
2.391
2.633
0.076
9.75%
10.69%
64
0.563
LT debtNT$B
0.856
0.842
0.850
0.810
0.934
1.020
0.966
1.024
1.155
1.240
0.432
5.83%
4.02%
83
Cost of revenue
5.06%
1.04×
Operating expenses
3.85%
0.92×
Spread over hurdle
18.04%