97.22
RevenueNT$M
419.9
430.1
451.5
464.9
475.7
488.7
495.3
509.0
514.5
538.7
101.4
2.52%
2.96%
61
25.56
Revenue growth%
17.17
16.13
16.05
17.21
17.47
16.13
17.36
18.64
18.69
16.68
18.64
17.36
17.19
50
27.54
Gross margin%
20.85
22.54
24.05
22.49
22.68
20.75
22.75
24.20
25.57
24.30
17.66
24.20
22.72
93
12.48
Operating margin%
25.05
27.48
28.07
30.99
32.88
32.15
30.69
32.91
35.19
33.89
27.27
32.91
31.57
19
7.57
Net margin%
23.19
24.57
23.40
21.90
24.56
23.56
21.29
23.66
21.50
20.49
2.55
21.50
23.29
67
7.246
P/E ratio (avg)x
16.88
17.04
18.96
17.67
16.94
16.37
17.01
17.04
15.83
16.81
27.57
16.81
16.98
82
24.42
EV/EBITx
71.59
75.27
82.61
86.57
99.41
118.5
122.1
127.6
142.0
162.7
17.19
127.6
108.9
76
7.46
FCF yield (avg)%
6.66
6.72
5.89
5.89
6.90
4.92
4.35
6.26
3.62
2.34
10.45
4.35
5.89
65
9.26
FCF margin%
26.34
24.10
26.45
25.92
28.23
28.93
27.11
26.11
24.67
24.27
20.18
26.11
26.23
77
1.541
FCF / Net incomex
2.563
2.986
3.271
3.581
3.459
3.283
3.465
3.597
4.219
4.129
0.186
3.597
3.462
76
29.45
ROIC%
26.25
25.14
26.90
29.51
32.18
34.39
34.52
34.22
33.97
32.90
2.36
34.22
32.54
13
21.51
Return on equity%
12.01
14.91
11.94
10.85
11.96
13.23
11.28
12.41
14.82
16.08
19.49
13.23
12.21
57
19.81
Return on assets%
13.86
11.64
8.72
7.93
7.63
5.91
6.61
9.52
10.94
9.01
28.57
9.01
8.86
22
3.48
EPSNT$
12.84
14.41
16.37
17.02
16.18
18.60
21.42
24.04
26.46
29.05
3.78
12.43%
7.83%
—
6.62
EPS growth%
21.88
20.69
17.96
20.73
18.90
17.17
19.37
20.99
18.85
21.09
13.91
19.37
20.03
58
9.66
Bookvalue per shNT$
4.53
4.38
4.41
4.27
4.11
3.85
4.23
4.64
4.70
4.55
5.74
2.05%
(0.75%)
—
4.73
FCF per shareNT$
7.83
7.22
7.23
6.88
7.11
7.92
7.47
7.29
6.71
6.16
8.33
(2.83%)
(2.98%)
—
9.80
Dividend per shNT$
6.92
6.72
7.07
7.69
8.82
9.57
9.59
9.49
10.91
11.85
2.16
6.09%
6.05%
—
18.65
Div yield (avg)%
25.12
22.47
20.05
20.13
17.70
15.89
18.69
18.35
18.55
16.96
25.25
18.35
18.62
73
16.03
Payout ratio%
19.78
16.78
15.28
15.58
18.45
17.77
16.40
14.45
15.50
17.37
14.65
16.40
16.59
65
29.71
Shares (diluted)M
42.20
40.81
47.71
46.88
45.07
48.81
48.39
57.55
64.36
73.77
31.48
10.36%
5.85%
95
27.34
Buyback yield%
16.38
13.90
12.28
13.11
10.17
7.33
5.93
8.88
7.53
5.88
7.71
7.33
9.53
81
0.321
D/E ratiox
1.630
1.725
1.767
1.728
1.660
1.764
1.730
1.858
1.753
1.725
1.004
1.753
1.729
70
98.43
Enterprise valueNT$M
499.7
573.6
599.7
615.4
584.6
658.6
741.9
797.1
860.0
900.4
244.6
9.02%
5.62%
94
34.61
LT debtNT$M
322.4
384.0
374.2
435.2
453.0
532.9
584.1
607.5
672.2
780.3
181.4
11.49%
10.96%
81
Cost of revenue
2.91%
1.00×
Operating expenses
2.89%
0.99×
Spread over hurdle
(1.07%)