174.5
RevenueNT$M
417.4
440.4
457.8
486.8
507.3
517.6
536.6
570.0
588.4
621.4
181.3
4.14%
4.22%
17
18.12
Revenue growth%
20.14
17.93
18.35
19.94
19.64
18.02
15.48
13.07
10.72
11.58
3.56
13.07
17.97
31
20.04
Gross margin%
17.21
16.96
15.11
13.69
14.89
17.63
16.67
14.04
13.02
12.60
13.20
14.04
15.00
7
2.91
Operating margin%
8.44
6.88
6.12
8.93
9.57
7.42
9.93
9.04
10.66
7.99
27.07
9.04
8.68
9
25.89
Net margin%
12.96
14.46
16.85
15.83
13.27
12.83
15.44
18.17
19.87
21.76
11.50
18.17
15.63
6
14.26
P/E ratio (avg)x
39.32
41.14
45.50
41.83
44.79
42.57
45.12
44.70
41.38
43.00
13.22
43.00
42.79
35
12.73
EV/EBITx
21.41
21.01
19.81
20.72
19.56
22.21
20.75
22.30
20.71
19.86
16.45
20.75
20.73
15
5.76
FCF yield (avg)%
17.18
17.82
19.53
21.23
23.66
26.21
28.16
29.95
30.88
30.67
11.77
29.95
24.94
87
7.27
FCF margin%
18.06
19.36
21.53
19.95
20.55
22.22
24.95
22.18
23.30
25.40
13.39
23.30
21.85
80
1.243
FCF / Net incomex
0.733
0.740
0.736
0.721
0.717
0.843
0.975
0.979
1.077
1.093
0.839
0.979
0.791
7
18.56
ROIC%
18.66
21.37
18.48
21.06
19.34
17.96
18.03
15.55
17.07
19.12
26.51
17.96
18.57
48
2.25
Return on equity%
25.03
23.90
25.49
24.46
25.02
23.75
25.77
26.26
25.20
26.71
6.82
25.77
25.11
24
10.99
Return on assets%
16.12
18.33
19.78
18.82
20.02
20.51
17.65
16.99
14.14
17.10
9.61
17.10
17.99
75
10.42
EPSNT$
11.37
11.12
12.10
12.07
12.25
12.91
13.93
14.60
14.34
14.89
11.14
3.98%
2.40%
—
3.63
EPS growth%
16.03
18.83
20.00
21.73
18.79
21.46
24.09
25.18
26.43
28.41
5.72
25.18
21.60
6
6.80
Bookvalue per shNT$
9.06
9.66
10.67
10.26
10.58
9.84
10.21
10.11
9.22
9.51
2.89
(2.11%)
(0.65%)
—
9.78
FCF per shareNT$
18.65
21.91
23.02
24.16
27.42
29.84
34.16
38.71
44.02
50.64
11.73
13.06%
11.95%
—
13.11
Dividend per shNT$
3.73
4.03
4.32
4.45
4.07
3.79
3.74
3.35
3.37
2.96
4.36
(6.15%)
(2.26%)
—
22.27
Div yield (avg)%
16.55
15.94
13.87
14.33
12.33
10.84
12.32
11.37
9.09
9.20
14.09
10.84
12.33
21
14.09
Payout ratio%
16.74
17.91
19.26
18.06
17.59
19.55
16.85
16.06
17.55
15.42
6.62
16.85
17.57
78
21.71
Shares (diluted)M
18.96
19.86
20.81
18.02
17.33
16.10
14.10
13.52
12.57
13.18
22.38
(5.33%)
(3.10%)
55
11.32
Buyback yield%
23.91
25.69
25.09
23.61
22.45
24.44
23.89
23.80
25.40
26.36
2.60
24.44
24.17
48
1.286
D/E ratiox
1.466
1.515
1.466
1.493
1.665
1.686
1.815
1.904
2.234
2.256
1.674
1.904
1.676
80
293.5
Enterprise valueNT$M
52.72
55.10
56.33
51.63
51.50
53.85
57.44
56.92
63.44
66.01
368.4
5.09%
2.20%
60
279.9
LT debtNT$M
77.38
86.20
99.91
112.7
130.0
126.0
142.3
163.2
160.2
152.5
449.7
3.24%
8.34%
93
Cost of revenue
4.10%
0.99×
Operating expenses
3.74%
0.96×
Spread over hurdle
62.83%