2.392
RevenueNT$B
1.946
2.032
2.197
2.375
2.480
2.586
2.754
2.935
3.147
3.278
2.563
5.74%
5.93%
9
8.19
Revenue growth%
5.56
5.66
4.54
2.12
0.63
0.55
0.40
2.07
1.56
2.04
11.18
1.56
2.05
63
20.29
Gross margin%
24.61
24.05
21.15
20.59
18.42
19.94
18.62
19.20
19.30
22.19
20.58
19.30
20.27
74
29.72
Operating margin%
6.42
8.85
9.73
8.64
9.26
10.86
10.27
9.19
9.45
7.13
19.01
9.45
9.22
20
12.53
Net margin%
10.98
11.81
13.47
15.05
15.07
13.35
11.99
10.97
11.91
8.98
25.68
11.91
11.95
22
35.28
P/E ratio (avg)x
43.29
43.23
44.38
48.11
56.56
63.89
70.56
83.85
89.15
105.0
16.17
83.85
60.22
77
21.60
EV/EBITx
12.82
14.54
14.86
15.00
17.16
19.41
21.14
22.07
25.84
28.95
19.80
22.07
18.28
29
12.35
FCF yield (avg)%
19.84
17.10
16.56
14.65
15.75
13.13
15.44
14.86
17.45
20.25
2.48
15.44
16.16
13
23.68
FCF margin%
11.94
12.53
10.97
10.52
9.85
9.97
11.90
13.60
15.25
14.42
12.60
13.60
11.92
46
0.149
FCF / Net incomex
0.478
0.468
0.517
0.574
0.520
0.533
0.516
0.474
0.469
0.490
1.442
0.490
0.503
49
10.84
ROIC%
27.32
25.43
28.33
28.09
28.23
26.46
28.90
28.34
25.54
25.37
27.90
26.46
27.71
78
18.53
Return on equity%
17.13
18.81
19.43
21.65
19.34
21.47
19.48
18.89
21.60
18.83
7.43
19.48
19.39
75
2.82
Return on assets%
19.18
18.39
17.70
15.49
14.66
14.72
16.84
19.09
18.38
20.38
12.19
18.38
18.04
85
8.68
EPSNT$
9.31
9.31
10.59
10.74
11.62
12.62
12.53
13.19
15.19
17.11
9.28
8.05%
6.12%
—
18.97
EPS growth%
21.77
22.60
20.75
19.93
18.70
19.36
20.73
19.50
21.53
19.73
12.47
19.73
20.33
37
5.45
Bookvalue per shNT$
8.03
7.86
6.92
7.10
7.34
6.74
7.10
7.06
7.75
7.41
9.24
0.19%
(1.60%)
—
11.20
FCF per shareNT$
6.14
6.31
6.72
7.44
7.26
7.55
7.11
6.96
7.68
8.71
9.18
3.70%
3.72%
—
6.74
Dividend per shNT$
6.85
7.93
9.32
10.43
10.39
9.99
11.58
12.96
13.15
14.13
5.27
6.34%
7.95%
—
21.85
Div yield (avg)%
9.87
11.25
13.90
16.18
15.85
15.35
13.51
16.11
18.72
17.93
27.09
16.11
15.60
40
13.09
Payout ratio%
24.35
23.97
24.88
26.29
25.17
22.48
25.30
26.65
26.75
29.12
14.72
26.65
25.23
25
154.3
Shares (diluted)M
194.0
221.2
225.7
242.2
274.1
274.0
314.3
331.5
374.6
377.0
153.5
6.59%
7.14%
45
19.01
Buyback yield%
21.09
22.80
25.01
25.12
24.64
26.55
25.92
27.64
27.13
28.19
17.70
27.13
25.52
94
1.569
D/E ratiox
0.893
1.074
1.095
1.223
1.452
1.651
1.814
2.202
2.401
2.602
1.193
2.202
1.551
26
2.100
Enterprise valueNT$B
4.857
5.739
6.659
7.212
8.193
8.665
10.16
9.896
9.973
11.80
2.261
7.57%
11.35%
26
1.482
LT debtNT$B
1.363
1.427
1.543
1.570
1.455
1.600
1.723
1.776
1.705
1.740
1.521
3.65%
2.79%
60
Cost of revenue
6.46%
1.05×
Operating expenses
5.14%
0.93×
Cash and investments
17.05%
Spread over hurdle
24.10%