2.628
RevenueNT$B
3.474
3.766
4.108
4.498
4.870
5.305
5.701
6.195
6.574
7.022
2.907
7.59%
8.12%
93
2.62
Revenue growth%
23.69
26.22
26.44
28.34
27.49
27.02
29.57
32.18
34.16
33.26
19.04
32.18
27.91
51
12.20
Gross margin%
22.47
20.87
23.15
25.99
25.56
27.72
27.99
25.07
23.72
21.85
22.17
25.07
24.40
63
7.27
Operating margin%
13.17
14.34
14.32
13.35
10.49
9.62
8.42
7.44
9.95
10.73
5.93
9.62
10.61
31
21.79
Net margin%
16.24
13.46
14.98
17.00
18.24
20.66
18.52
21.21
22.54
21.97
10.03
21.21
18.38
15
11.12
P/E ratio (avg)x
13.34
14.68
16.41
17.02
19.26
19.79
21.29
23.56
24.74
27.02
11.01
23.56
19.52
65
9.478
EV/EBITx
15.23
17.88
21.18
25.46
26.20
30.27
35.45
35.85
42.82
51.48
16.65
35.85
28.23
39
25.87
FCF yield (avg)%
25.30
24.69
24.23
22.97
22.90
25.67
27.92
27.49
26.90
28.16
19.29
27.49
25.48
51
14.44
FCF margin%
3.58
6.53
7.15
8.92
9.11
9.20
10.25
12.24
10.72
12.68
9.70
10.72
9.16
38
0.414
FCF / Net incomex
2.356
2.779
2.649
3.126
3.515
3.351
3.312
3.609
3.405
3.538
0.932
3.405
3.331
39
5.67
ROIC%
0.40
3.04
1.27
1.31
0.69
0.40
2.14
0.40
0.78
0.40
6.63
0.40
0.73
94
13.18
Return on equity%
18.91
18.64
18.76
16.73
16.52
17.02
15.96
15.29
13.21
10.73
14.26
15.29
16.62
14
20.79
Return on assets%
22.51
21.76
22.65
25.07
26.15
26.12
27.39
30.25
31.82
30.08
15.28
30.08
26.13
30
1.15
EPSNT$
2.99
3.56
3.42
3.29
3.34
3.20
3.70
4.25
4.41
4.45
1.18
5.93%
5.19%
—
10.09
EPS growth%
17.46
18.54
16.84
18.49
20.26
23.22
20.83
19.16
18.23
19.03
23.99
19.16
18.78
9
2.48
Bookvalue per shNT$
3.37
4.00
4.13
4.98
5.90
5.83
6.47
6.45
6.40
6.44
3.35
1.74%
8.03%
—
4.62
FCF per shareNT$
5.63
6.29
6.50
7.28
6.58
7.10
6.59
7.36
8.17
8.68
4.13
5.71%
5.60%
—
4.20
Dividend per shNT$
5.91
5.96
6.20
5.62
5.35
5.59
5.46
5.32
5.53
5.33
1.41
(0.09%)
(0.49%)
—
28.38
Div yield (avg)%
29.75
27.23
26.19
26.83
28.93
30.09
28.57
30.10
31.69
31.96
12.19
30.10
29.34
24
3.39
Payout ratio%
24.96
22.39
22.66
23.36
20.66
17.86
14.94
14.35
11.41
13.87
24.38
14.35
19.26
14
0.332
Shares (diluted)B
0.608
0.612
0.676
0.704
0.786
0.884
0.885
0.907
0.937
1.071
0.326
6.37%
7.71%
78
2.62
Buyback yield%
29.02
30.25
30.32
32.96
33.09
30.59
30.43
33.14
33.25
35.29
20.35
33.14
31.77
62
0.737
D/E ratiox
0.555
0.671
0.675
0.718
0.854
0.999
0.971
0.985
1.164
1.380
0.788
0.999
0.912
82
3.406
Enterprise valueNT$B
4.697
5.130
5.432
4.834
4.452
4.947
4.908
5.173
4.610
4.821
0.514
1.60%
1.05%
14
4.650
LT debtNT$B
0.473
0.468
0.429
0.417
0.377
0.349
0.353
0.340
0.314
0.332
5.951
(2.54%)
(4.54%)
11
Cost of revenue
8.39%
1.03×
Operating expenses
7.60%
0.95×
Spread over hurdle
13.10%