1.326
RevenueNT$B
2.028
2.124
2.216
2.230
2.236
2.300
2.318
2.419
2.535
2.653
1.429
3.48%
3.05%
36
4.85
Revenue growth%
6.21
4.89
4.45
6.10
3.20
5.85
4.80
6.72
9.03
7.01
13.35
6.72
5.98
13
14.48
Gross margin%
22.87
23.69
22.30
24.17
26.10
24.87
24.19
25.45
27.96
28.62
25.24
25.45
24.53
56
14.96
Operating margin%
18.65
19.07
18.34
15.71
17.53
17.13
16.71
18.81
18.02
18.75
20.55
18.02
18.18
87
27.55
Net margin%
13.75
11.26
13.82
14.32
12.63
13.70
16.06
15.41
18.02
20.00
26.22
16.06
14.07
48
22.85
P/E ratio (avg)x
30.76
33.58
34.16
36.91
38.70
42.10
48.49
50.78
51.04
48.93
10.10
48.93
40.40
45
12.41
EV/EBITx
34.35
40.07
48.72
57.51
59.74
70.74
77.91
92.21
105.5
115.1
8.476
92.21
65.24
58
18.73
FCF yield (avg)%
9.44
11.73
11.87
11.99
14.34
15.49
16.87
14.82
13.73
11.82
2.72
14.82
12.86
37
10.62
FCF margin%
17.44
16.19
13.76
16.08
15.01
16.09
15.11
16.45
13.77
14.74
8.09
15.11
15.60
20
0.361
FCF / Net incomex
0.682
0.715
0.762
0.784
0.836
0.777
0.772
0.819
0.807
0.808
0.589
0.807
0.781
10
15.08
ROIC%
1.08
2.13
2.13
2.83
0.71
0.62
1.49
3.72
2.79
4.37
29.40
2.79
2.13
49
13.58
Return on equity%
16.94
14.15
15.04
13.24
13.09
10.76
13.28
11.83
10.91
8.67
5.39
10.91
13.16
11
12.22
Return on assets%
35.04
34.90
35.72
33.96
32.50
30.80
33.13
34.05
32.41
34.72
7.57
33.13
34.00
90
2.16
EPSNT$
8.53
8.55
8.67
9.14
9.28
10.14
11.01
9.99
9.93
10.81
2.30
3.09%
3.52%
—
4.52
EPS growth%
14.67
15.16
15.12
14.20
14.78
17.33
16.52
16.34
17.63
19.53
20.62
17.33
15.75
31
6.98
Bookvalue per shNT$
9.95
11.19
11.83
12.75
14.90
14.88
14.03
13.80
15.33
17.10
8.33
2.78%
5.56%
—
7.95
FCF per shareNT$
8.32
9.28
9.99
10.87
12.06
12.27
12.30
12.05
13.42
13.17
11.13
1.77%
4.90%
—
2.31
Dividend per shNT$
8.16
8.18
7.99
7.22
7.43
6.66
6.57
7.34
6.67
5.98
12.34
(4.27%)
(2.83%)
—
24.62
Div yield (avg)%
24.21
26.75
28.05
25.68
23.12
24.86
24.50
21.74
24.63
24.41
13.87
24.50
24.57
93
15.16
Payout ratio%
22.69
21.87
20.54
22.21
21.21
22.34
24.00
25.28
26.29
25.76
6.20
25.28
22.52
84
98.84
Shares (diluted)M
111.2
124.1
117.6
116.9
111.9
117.6
112.9
101.3
114.1
123.1
99.39
1.92%
0.99%
83
4.85
Buyback yield%
7.96
7.60
8.15
8.23
5.50
3.22
4.53
5.66
4.15
5.10
22.11
4.53
5.58
17
1.524
D/E ratiox
0.439
0.440
0.427
0.474
0.474
0.436
0.470
0.499
0.509
0.498
0.158
0.498
0.472
90
0.544
Enterprise valueNT$B
2.681
2.945
3.015
3.216
3.168
3.390
3.689
4.073
4.480
4.451
0.985
7.04%
5.01%
16
0.628
LT debtNT$B
1.460
1.666
1.920
2.120
2.174
2.112
2.203
2.573
2.534
2.526
0.927
3.05%
6.70%
59
Cost of revenue
3.05%
1.00×
Operating expenses
3.63%
1.06×
Property and equipment
16.25%
Goodwill & intangibles
16.16%
Spread over hurdle
(0.39%)