153.1
RevenueNT$M
200.0
211.0
216.6
223.9
238.2
251.0
266.1
275.4
282.1
293.8
158.6
4.29%
4.30%
90
16.54
Revenue growth%
0.40
1.47
0.40
0.59
1.91
0.47
0.40
1.46
1.06
2.94
5.52
1.06
0.82
29
9.72
Gross margin%
6.73
4.37
5.02
7.89
7.97
9.02
9.15
7.41
9.32
11.94
27.99
9.15
7.93
38
17.19
Operating margin%
2.22
5.15
2.39
3.08
5.36
7.91
9.58
9.14
11.34
8.58
8.99
9.14
6.64
29
25.22
Net margin%
16.93
15.46
13.05
14.19
13.68
12.60
11.70
11.59
10.58
11.38
6.88
11.59
12.82
85
18.58
P/E ratio (avg)x
40.01
45.70
44.18
43.48
51.30
57.77
65.37
70.46
72.64
77.98
22.48
70.46
54.53
56
7.401
EV/EBITx
29.08
26.60
26.14
25.07
25.89
24.31
23.24
20.99
22.67
25.27
30.99
23.24
25.17
12
28.95
FCF yield (avg)%
21.84
24.47
22.57
19.66
19.22
17.28
16.91
15.40
16.19
13.45
23.48
16.19
18.25
31
16.61
FCF margin%
10.97
11.26
11.84
14.01
14.13
15.04
12.86
14.75
13.81
15.49
6.73
14.75
13.91
84
1.281
FCF / Net incomex
2.980
3.093
3.105
3.683
4.410
4.479
4.537
4.832
5.785
6.034
0.163
4.832
4.444
37
21.33
ROIC%
19.76
21.79
22.68
21.93
22.49
20.24
22.45
20.46
21.48
19.77
18.49
20.46
21.64
19
22.03
Return on equity%
13.78
13.37
12.16
11.05
12.84
12.60
11.38
10.04
12.98
10.45
2.84
11.38
12.38
77
4.41
Return on assets%
31.38
29.42
30.22
29.41
30.11
32.89
30.23
27.63
28.21
28.89
11.01
28.89
29.76
30
5.66
EPSNT$
7.09
7.49
7.31
7.73
8.63
8.30
9.36
10.63
10.20
11.67
6.16
6.22%
4.28%
—
16.91
EPS growth%
8.53
10.42
9.19
7.77
10.59
8.75
5.87
7.09
8.73
8.50
8.09
8.50
8.63
55
2.53
Bookvalue per shNT$
9.51
9.85
9.72
9.68
9.26
9.20
9.24
9.40
10.38
12.18
6.06
5.64%
2.63%
—
1.31
FCF per shareNT$
2.93
3.49
3.67
3.95
3.94
4.34
4.39
4.84
5.75
6.49
1.48
10.50%
9.23%
—
6.14
Dividend per shNT$
1.43
1.42
1.50
1.40
1.46
1.30
1.28
1.35
1.38
1.29
5.87
(2.42%)
(1.96%)
—
4.34
Div yield (avg)%
11.23
11.64
11.89
14.69
16.32
17.86
18.02
17.17
16.78
16.28
19.85
17.17
16.30
92
13.35
Payout ratio%
20.36
18.62
17.29
14.44
16.27
14.16
15.34
17.52
19.46
17.45
27.17
17.45
17.37
48
44.12
Shares (diluted)M
62.76
72.75
83.22
85.76
90.70
105.1
104.6
120.8
131.8
154.2
45.22
11.20%
11.53%
11
15.24
Buyback yield%
24.94
24.31
25.68
26.51
25.22
23.19
25.42
25.32
25.92
27.79
27.33
25.42
25.37
53
0.933
D/E ratiox
1.467
1.385
1.568
1.483
1.689
1.968
2.054
2.193
2.488
2.426
0.469
2.193
1.829
81
277.2
Enterprise valueNT$M
19.32
20.30
21.26
22.62
25.18
24.85
23.67
25.38
27.24
25.37
326.9
0.14%
1.99%
62
0.214
LT debtNT$B
0.481
0.482
0.569
0.678
0.812
0.852
0.955
1.060
1.058
1.141
0.020
7.05%
9.36%
44
Cost of revenue
4.14%
0.98×
Operating expenses
5.09%
1.08×
Goodwill & intangibles
18.68%
Cash and investments
15.43%
Spread over hurdle
(0.44%)