1.626
RevenueNT$B
3.419
3.708
4.000
4.316
4.548
4.729
4.911
5.292
5.523
5.911
1.754
5.38%
6.23%
22
23.03
Revenue growth%
28.45
26.72
29.06
31.22
28.61
31.18
31.10
33.81
36.62
37.10
2.52
33.81
31.14
23
4.14
Gross margin%
24.15
24.93
27.32
29.54
27.48
30.14
31.20
31.79
30.86
32.80
12.83
31.20
29.84
37
13.21
Operating margin%
28.23
30.73
33.36
33.37
30.63
30.60
28.05
26.53
24.45
27.09
24.14
27.09
29.41
86
11.56
Net margin%
9.13
10.83
12.77
15.29
12.79
13.94
13.74
13.83
15.05
16.62
17.32
13.94
13.78
27
33.45
P/E ratio (avg)x
16.50
18.90
18.09
19.46
22.29
22.71
23.81
24.18
25.72
29.73
18.97
24.18
22.50
9
15.04
EV/EBITx
33.70
36.53
36.15
42.33
44.76
47.50
54.91
63.16
66.73
67.92
19.14
63.16
46.13
77
25.25
FCF yield (avg)%
21.24
19.45
17.02
15.42
12.95
13.47
15.38
15.07
17.81
20.00
15.44
15.38
16.22
38
10.53
FCF margin%
4.39
6.51
9.03
11.21
14.15
16.20
14.94
16.69
14.05
15.76
21.62
15.76
14.10
66
1.382
FCF / Net incomex
1.288
1.347
1.342
1.209
1.032
0.989
0.846
0.877
0.886
0.882
1.105
0.882
1.010
69
25.55
ROIC%
13.62
12.34
11.57
8.79
7.06
9.53
12.37
13.87
12.60
12.70
22.35
12.60
12.36
90
27.08
Return on equity%
13.18
14.61
17.26
18.83
16.79
14.72
16.76
19.20
20.55
23.03
25.70
19.20
17.02
93
20.39
Return on assets%
11.60
11.81
9.95
12.53
10.13
9.98
10.38
8.03
7.71
8.95
5.99
8.95
10.05
29
4.07
EPSNT$
9.28
8.56
8.47
7.47
7.95
7.31
7.21
7.86
8.60
9.31
4.33
3.22%
0.15%
—
18.64
EPS growth%
18.25
20.69
21.49
21.72
24.43
26.41
27.45
29.39
31.48
31.64
16.25
29.39
25.42
17
3.40
Bookvalue per shNT$
6.81
6.80
6.98
6.06
6.26
5.54
4.93
4.75
4.82
4.28
11.23
(7.31%)
(3.65%)
—
10.80
FCF per shareNT$
21.37
20.94
21.38
22.97
23.42
26.32
28.58
28.47
32.71
33.33
9.58
7.31%
4.32%
—
7.51
Dividend per shNT$
9.58
9.85
10.61
11.51
11.64
12.72
13.74
12.97
12.39
14.30
12.81
4.22%
5.15%
—
12.88
Div yield (avg)%
17.45
15.30
13.59
12.16
10.32
11.71
11.76
13.55
11.46
9.91
9.82
11.71
11.96
55
28.84
Payout ratio%
12.00
10.55
13.25
10.42
11.75
11.82
10.52
10.73
13.15
12.50
27.87
11.82
11.78
93
116.7
Shares (diluted)M
155.9
158.4
163.8
191.3
189.2
218.7
249.9
271.5
268.2
290.5
118.3
8.95%
7.21%
6
22.24
Buyback yield%
22.94
23.81
25.97
26.02
23.76
24.43
25.04
25.32
24.06
25.07
23.27
25.04
24.73
73
1.183
D/E ratiox
0.180
0.182
0.204
0.224
0.251
0.276
0.328
0.386
0.382
0.376
1.254
0.376
0.263
25
4.381
Enterprise valueNT$B
4.134
4.286
4.695
4.168
3.938
3.564
3.203
2.808
2.423
2.527
1.070
(8.49%)
(5.04%)
95
4.285
LT debtNT$B
2.621
2.328
2.085
2.093
2.046
1.792
1.714
1.816
1.747
1.536
2.543
(5.58%)
(6.31%)
86
Cost of revenue
6.23%
1.00×
Operating expenses
6.14%
0.99×
Goodwill & intangibles
16.34%
Spread over hurdle
10.34%