158.9
RevenueNT$M
122.3
130.9
143.9
155.4
168.4
185.5
199.5
213.3
230.4
252.4
173.0
8.43%
8.22%
75
12.62
Revenue growth%
8.33
6.62
9.39
9.89
10.74
11.52
10.77
8.14
8.61
10.26
11.22
10.26
9.64
84
17.28
Gross margin%
24.78
24.76
22.14
19.16
17.94
20.29
22.22
23.49
21.79
23.88
8.21
22.22
22.18
94
28.94
Operating margin%
7.65
6.95
7.08
6.09
6.11
4.76
4.24
6.09
7.47
7.95
4.07
6.09
6.53
46
16.02
Net margin%
7.86
6.09
4.85
7.40
8.29
6.35
5.97
3.71
3.16
0.40
6.94
3.71
6.03
51
18.25
P/E ratio (avg)x
16.90
20.20
19.88
22.33
25.89
30.91
33.61
37.75
39.65
40.23
21.95
37.75
28.40
63
19.02
EV/EBITx
25.74
22.62
23.81
24.97
23.24
23.43
21.01
21.74
21.72
21.80
19.72
21.74
22.93
59
13.02
FCF yield (avg)%
16.93
15.48
16.10
15.98
18.05
20.95
22.79
21.92
24.69
23.31
27.87
22.79
19.50
8
6.21
FCF margin%
11.70
9.80
8.61
9.33
7.51
5.43
3.61
6.19
4.98
6.42
23.25
5.43
6.97
40
0.643
FCF / Net incomex
0.772
0.782
0.677
0.623
0.566
0.536
0.518
0.491
0.510
0.462
0.838
0.510
0.551
27
10.50
ROIC%
30.42
29.20
31.90
33.04
32.17
34.64
31.75
33.53
33.24
34.77
7.49
33.53
32.60
69
20.56
Return on equity%
10.69
10.48
12.92
15.87
16.25
15.50
17.34
16.77
15.00
16.57
29.89
16.57
15.69
39
24.92
Return on assets%
21.84
22.64
22.33
22.46
23.61
25.84
28.58
31.11
32.68
31.78
17.52
31.11
24.73
59
3.04
EPSNT$
1.93
1.97
1.99
1.99
1.91
2.04
2.25
2.50
2.39
2.80
3.20
8.02%
4.08%
—
16.23
EPS growth%
20.44
22.92
25.63
24.66
24.09
25.57
27.79
28.46
26.64
27.56
16.89
27.56
25.60
85
2.81
Bookvalue per shNT$
3.73
4.33
4.91
4.80
5.13
5.38
5.80
6.07
5.98
7.04
0.90
6.56%
7.64%
—
3.12
FCF per shareNT$
2.64
2.46
2.33
2.02
1.96
1.69
1.62
1.69
1.59
1.49
1.66
(5.34%)
(5.02%)
—
2.89
Dividend per shNT$
1.13
1.21
1.22
1.35
1.54
1.73
1.92
1.97
2.14
2.48
2.08
10.03%
7.96%
—
10.14
Div yield (avg)%
5.30
2.44
4.12
1.55
0.94
2.05
0.40
0.60
2.27
0.78
20.54
0.78
1.80
72
28.34
Payout ratio%
21.04
22.22
22.36
22.50
23.34
20.46
22.81
22.98
24.28
24.86
2.90
22.98
22.65
89
45.68
Shares (diluted)M
52.20
47.47
51.34
54.21
58.66
55.48
58.42
54.04
55.99
59.70
47.61
0.35%
1.90%
55
17.29
Buyback yield%
24.08
27.06
28.79
28.71
25.95
28.04
30.89
32.89
33.77
36.43
13.17
32.89
28.75
12
1.658
D/E ratiox
2.090
2.043
1.989
1.812
2.037
2.100
2.231
2.160
2.085
2.315
1.486
2.160
2.088
72
281.5
Enterprise valueNT$M
421.0
493.1
545.8
593.8
575.6
603.4
644.3
699.5
772.4
901.8
160.3
9.40%
9.45%
80
186.5
LT debtNT$M
100.8
116.9
120.8
120.8
122.9
128.5
134.3
150.3
147.2
164.6
270.4
6.03%
5.90%
25
Cost of revenue
8.12%
0.99×
Operating expenses
8.36%
1.01×
Property and equipment
13.57%
Spread over hurdle
(3.73%)