39.31
RevenueNT$M
260.7
260.0
267.8
276.2
284.8
295.4
294.9
295.0
307.6
319.4
43.94
2.31%
2.49%
64
24.31
Revenue growth%
30.13
29.76
29.07
28.50
29.42
28.77
30.96
31.12
30.79
28.04
9.84
30.79
29.59
64
25.05
Gross margin%
29.68
32.05
31.52
30.18
28.05
26.09
27.39
26.67
28.96
26.06
3.02
26.67
28.50
25
16.83
Operating margin%
21.51
20.72
18.64
16.27
14.41
15.59
14.12
11.14
13.83
15.49
15.69
14.12
15.54
22
20.65
Net margin%
26.31
29.02
30.51
29.61
28.05
25.07
22.32
19.48
18.13
15.77
27.08
19.48
25.69
91
8.993
P/E ratio (avg)x
16.09
16.65
15.12
16.71
17.28
17.72
19.54
20.30
20.99
18.63
22.63
19.54
17.50
85
35.99
EV/EBITx
35.29
35.40
37.10
37.93
38.90
36.08
35.62
33.00
33.85
36.83
33.83
35.62
35.85
24
8.27
FCF yield (avg)%
27.33
29.75
31.97
29.40
28.42
30.81
32.82
31.38
33.64
35.31
21.26
32.82
31.09
19
17.11
FCF margin%
17.47
16.68
16.28
16.54
14.62
14.29
11.68
14.15
12.13
10.08
9.90
12.13
14.46
76
1.488
FCF / Net incomex
1.852
1.922
1.687
1.556
1.682
1.531
1.503
1.440
1.301
1.213
0.249
1.440
1.543
11
2.05
ROIC%
15.12
17.76
15.73
17.61
19.09
18.82
19.49
17.04
15.08
12.85
10.06
17.04
17.32
54
25.93
Return on equity%
25.63
27.77
28.42
31.39
33.35
34.77
36.12
38.02
38.71
39.08
20.82
38.02
34.06
27
2.04
Return on assets%
5.76
4.29
3.69
2.01
4.14
6.33
4.45
3.68
5.87
6.09
29.39
5.87
4.37
44
1.06
EPSNT$
6.87
8.15
8.80
9.54
10.18
10.72
12.10
13.11
15.20
15.81
1.17
9.19%
9.28%
—
29.21
EPS growth%
23.70
22.54
24.25
27.17
27.59
26.11
28.73
30.76
30.08
32.37
24.80
30.08
27.38
61
0.88
Bookvalue per shNT$
3.80
3.72
3.50
4.00
4.13
4.19
4.73
4.96
5.03
5.26
2.57
4.99%
4.57%
—
2.87
FCF per shareNT$
1.31
1.39
1.35
1.40
1.28
1.23
1.29
1.34
1.49
1.37
5.34
1.44%
(0.21%)
—
3.19
Dividend per shNT$
1.44
1.49
1.53
1.77
1.73
2.07
2.04
2.29
2.50
2.42
4.75
6.93%
6.35%
—
12.57
Div yield (avg)%
19.85
22.60
23.08
24.42
25.59
25.39
24.33
22.01
23.64
20.89
16.46
23.64
23.36
36
10.32
Payout ratio%
2.64
5.36
4.54
7.20
7.97
10.14
9.06
10.81
11.35
9.47
23.25
10.14
8.51
80
28.09
Shares (diluted)M
29.27
29.85
30.93
33.17
37.16
41.64
38.20
41.20
41.12
39.88
27.22
1.42%
2.75%
39
13.80
Buyback yield%
27.19
24.59
22.11
24.46
26.04
26.25
26.88
27.20
25.10
22.76
4.70
26.25
25.57
13
0.449
D/E ratiox
1.603
1.604
1.422
1.410
1.370
1.203
1.162
1.222
1.244
1.203
1.002
1.203
1.307
75
84.24
Enterprise valueNT$M
267.5
269.6
301.6
329.5
362.9
336.2
376.0
428.8
403.7
461.7
113.4
4.93%
6.82%
38
37.81
LT debtNT$M
253.6
245.9
215.7
214.8
230.0
210.2
182.1
191.3
198.6
171.1
90.63
(5.75%)
(3.59%)
93
Cost of revenue
2.94%
1.05×
Operating expenses
2.22%
0.97×
Spread over hurdle
25.13%