3.665
RevenueNT$B
6.400
6.912
7.455
7.970
8.330
8.682
9.251
9.941
10.35
10.90
4.044
5.52%
6.30%
10
15.66
Revenue growth%
15.18
16.46
16.01
17.36
15.78
14.83
17.79
15.03
16.20
16.45
23.01
16.20
16.10
63
28.77
Gross margin%
18.32
21.27
23.51
23.74
22.60
22.65
22.25
19.49
22.21
23.47
10.62
22.25
22.43
91
29.45
Operating margin%
14.57
13.13
15.66
18.50
18.04
19.69
20.21
22.04
21.17
18.38
29.90
20.21
18.44
12
12.17
Net margin%
11.80
9.41
6.69
5.65
4.06
4.15
6.20
4.77
3.92
5.91
3.76
4.77
5.78
79
21.88
P/E ratio (avg)x
36.98
34.88
33.10
30.56
31.12
34.32
38.43
40.80
38.94
38.79
37.80
38.79
35.93
80
26.09
EV/EBITx
29.60
33.31
33.86
33.55
37.74
37.12
38.32
37.00
35.30
37.03
32.16
37.03
36.15
25
26.81
FCF yield (avg)%
14.78
15.68
13.20
12.69
11.07
12.89
15.59
17.98
15.03
16.44
6.90
15.59
14.90
73
18.50
FCF margin%
19.32
21.17
21.56
20.03
21.14
20.86
23.66
20.68
23.34
23.75
5.97
23.34
21.15
30
1.194
FCF / Net incomex
0.879
0.872
0.929
0.927
0.978
0.981
0.945
0.997
0.862
0.789
1.481
0.945
0.928
78
26.76
ROIC%
9.37
9.71
11.25
12.00
14.19
16.08
16.18
13.54
14.11
11.36
8.89
14.11
12.77
15
4.92
Return on equity%
26.48
27.68
26.13
24.09
23.26
25.10
27.08
26.76
24.19
26.21
9.03
26.21
26.17
38
29.93
Return on assets%
31.39
32.85
33.33
31.57
29.63
30.93
33.48
36.00
35.37
34.88
3.67
34.88
33.09
13
75.52
EPSNT$
21.20
20.12
19.41
20.40
19.03
17.90
17.96
19.08
20.49
20.35
81.80
1.35%
(1.35%)
—
26.94
EPS growth%
21.13
22.40
20.61
18.74
20.21
20.16
18.59
17.89
20.03
22.88
12.05
20.03
20.19
10
80.47
Bookvalue per shNT$
39.65
36.99
37.12
37.38
33.71
33.51
33.24
29.57
25.96
25.49
46.66
(5.44%)
(5.57%)
—
77.53
FCF per shareNT$
31.48
31.95
32.55
33.99
36.64
40.08
40.30
40.45
44.72
49.70
15.64
6.28%
5.83%
—
58.73
Dividend per shNT$
60.32
58.38
62.18
61.63
57.86
58.16
57.96
60.19
56.81
58.36
79.52
0.17%
0.44%
—
9.19
Div yield (avg)%
26.89
29.02
26.40
26.49
26.37
24.03
21.41
22.60
23.16
20.91
20.83
22.60
25.20
36
21.04
Payout ratio%
18.35
17.41
14.76
14.48
15.81
16.05
18.27
19.69
16.81
16.63
13.49
16.81
16.72
29
28.22
Shares (diluted)M
40.22
39.79
47.39
48.99
59.09
69.22
76.45
79.21
89.69
96.92
27.82
10.40%
9.50%
86
24.04
Buyback yield%
28.42
29.44
27.32
24.82
26.30
25.79
23.74
23.49
21.36
23.05
13.24
23.49
25.31
41
1.423
D/E ratiox
0.971
0.944
0.932
0.829
0.801
0.889
0.835
0.930
1.027
1.140
0.236
0.930
0.931
59
8.400
Enterprise valueNT$B
9.413
8.565
8.411
8.178
7.830
6.996
6.479
7.157
7.452
7.003
0.542
(2.21%)
(1.99%)
42
3.674
LT debtNT$B
9.163
9.903
10.46
11.50
12.43
13.83
15.99
18.12
20.41
21.27
7.027
11.34%
9.00%
81
Cost of revenue
6.22%
0.99×
Operating expenses
6.95%
1.06×
Property and equipment
21.91%
Cash and investments
14.46%
Spread over hurdle
(2.99%)