2.983
RevenueNT$B
1.229
1.343
1.458
1.557
1.691
1.808
1.999
2.159
2.347
2.577
3.134
8.79%
8.45%
66
16.45
Revenue growth%
10.39
8.52
10.13
11.56
12.39
13.96
12.77
15.15
12.85
14.13
5.43
13.96
12.58
90
23.62
Gross margin%
16.16
16.92
17.49
19.34
19.79
21.55
23.07
23.85
22.97
19.97
23.08
22.97
19.88
72
27.51
Operating margin%
15.87
17.94
15.60
14.26
11.59
8.75
10.72
13.36
14.30
13.32
2.76
13.32
13.81
67
16.11
Net margin%
28.55
27.01
26.03
28.98
31.20
33.10
34.75
34.57
35.44
35.21
20.24
34.75
32.15
60
27.32
P/E ratio (avg)x
17.28
16.40
16.92
17.72
17.26
16.32
17.94
16.68
15.33
15.23
27.39
16.32
16.80
7
18.09
EV/EBITx
30.45
30.66
29.99
31.48
30.98
34.66
33.35
32.30
33.47
33.20
30.56
33.35
31.89
85
18.99
FCF yield (avg)%
24.95
23.13
25.52
28.51
31.08
29.61
28.73
30.08
27.64
28.13
7.46
28.73
28.32
10
24.85
FCF margin%
15.65
18.27
17.87
17.09
14.70
16.43
16.59
17.78
15.92
15.06
9.90
16.43
16.51
13
1.520
FCF / Net incomex
0.602
0.669
0.685
0.774
0.828
0.990
0.960
0.991
1.085
1.228
0.539
0.991
0.894
49
23.61
ROIC%
27.16
27.99
27.42
25.55
23.31
22.51
22.59
22.08
23.75
24.38
14.38
22.59
24.06
62
4.63
Return on equity%
9.29
9.81
10.18
8.53
6.53
6.12
8.58
10.34
8.76
10.59
23.17
8.76
9.02
61
25.77
Return on assets%
11.99
14.98
15.70
17.63
19.79
18.30
18.99
16.01
13.96
13.63
15.39
16.01
15.86
11
5.41
EPSNT$
20.73
20.10
22.30
24.98
28.87
28.20
29.87
34.45
37.39
41.76
5.69
7.66%
7.15%
—
9.83
EPS growth%
29.92
27.17
27.12
26.97
25.33
23.50
25.78
26.05
24.96
22.87
17.18
24.96
25.91
81
13.04
Bookvalue per shNT$
5.55
6.45
7.55
7.35
8.19
8.85
9.41
11.04
12.77
14.82
5.39
12.61%
10.38%
—
10.60
FCF per shareNT$
5.55
5.96
6.66
7.36
6.93
7.39
7.73
8.65
8.77
9.52
10.85
6.56%
5.31%
—
3.61
Dividend per shNT$
15.03
13.70
14.45
14.33
16.40
18.42
17.16
17.58
16.63
17.49
2.11
1.31%
0.98%
—
24.50
Div yield (avg)%
15.28
15.69
15.78
15.40
15.22
12.65
14.77
12.76
13.95
16.53
12.48
13.95
15.25
19
3.71
Payout ratio%
3.64
6.56
7.26
10.09
7.91
10.22
9.20
11.64
12.54
14.45
17.68
11.64
9.65
10
162.3
Shares (diluted)M
263.4
259.0
284.0
312.1
357.5
401.9
412.2
476.0
568.1
554.6
161.8
9.18%
9.64%
89
19.72
Buyback yield%
20.04
17.31
19.36
18.89
20.05
20.13
18.20
16.59
14.46
16.21
21.27
16.59
18.55
83
0.631
D/E ratiox
0.803
0.802
0.793
0.826
0.892
0.774
0.759
0.677
0.723
0.737
0.566
0.737
0.783
52
1.757
Enterprise valueNT$B
2.189
2.501
2.356
2.716
2.767
2.806
3.119
3.090
3.195
3.006
2.890
1.68%
2.87%
76
2.965
LT debtNT$B
0.551
0.549
0.607
0.735
0.874
1.042
1.030
1.218
1.317
1.576
1.941
12.52%
12.38%
91
Cost of revenue
8.54%
1.01×
Operating expenses
8.22%
0.98×
Goodwill & intangibles
23.45%
Cash and investments
18.47%
Spread over hurdle
(0.21%)