320.4
RevenueNT$M
575.0
616.6
651.8
704.7
752.2
789.6
842.5
878.0
917.3
997.1
340.9
5.80%
6.50%
17
14.13
Revenue growth%
8.22
6.40
4.85
7.37
6.76
4.03
2.33
4.81
3.83
6.14
15.38
4.03
5.49
43
24.21
Gross margin%
14.04
15.87
13.71
14.16
14.53
17.16
17.30
20.29
21.65
21.74
10.42
20.29
16.51
62
22.11
Operating margin%
15.97
14.04
12.90
11.22
10.24
12.47
9.72
12.40
9.49
7.90
18.78
9.72
11.81
35
10.62
Net margin%
23.99
21.82
24.46
27.42
30.23
30.40
28.55
30.65
32.13
34.94
28.34
30.65
29.39
68
27.64
P/E ratio (avg)x
17.05
16.33
15.96
14.70
15.49
13.95
14.98
16.11
16.87
18.54
10.49
16.11
16.04
79
10.40
EV/EBITx
32.92
31.49
32.37
35.78
33.63
31.54
35.17
34.24
35.61
35.70
20.42
35.17
33.93
27
7.06
FCF yield (avg)%
27.32
24.71
22.71
24.66
24.07
26.59
28.45
29.37
31.49
33.06
4.88
29.37
26.95
19
4.61
FCF margin%
11.88
10.35
12.32
12.05
13.09
15.15
16.14
13.96
11.64
9.85
11.43
13.96
12.18
82
0.423
FCF / Net incomex
1.243
1.150
1.310
1.251
1.351
1.508
1.661
1.691
1.645
1.784
0.526
1.661
1.430
74
20.02
ROIC%
13.74
11.68
13.72
13.54
12.86
14.13
12.11
14.02
12.41
14.18
19.44
14.02
13.63
83
16.29
Return on equity%
20.89
20.68
22.84
20.98
23.29
23.03
23.02
21.72
21.31
20.29
21.95
21.72
21.52
12
26.67
Return on assets%
0.40
2.79
4.49
4.81
6.48
8.85
11.43
10.43
7.67
5.14
6.37
8.85
5.81
77
8.88
EPSNT$
15.55
17.38
19.55
20.04
23.97
27.15
30.08
31.99
36.35
35.52
9.68
8.18%
9.20%
—
2.17
EPS growth%
2.64
2.95
0.62
0.89
0.40
3.18
2.77
3.21
3.73
2.51
5.23
3.18
2.70
62
9.56
Bookvalue per shNT$
13.59
13.28
12.70
11.92
10.61
10.05
11.02
11.79
10.81
9.67
3.40
(1.84%)
(3.24%)
—
14.41
FCF per shareNT$
10.13
9.96
10.39
11.58
13.19
13.61
15.93
16.82
17.88
20.95
7.16
9.69%
7.78%
—
14.97
Dividend per shNT$
17.99
20.77
23.25
27.27
30.08
35.22
41.15
49.16
50.16
58.37
6.01
14.18%
12.44%
—
13.65
Div yield (avg)%
9.79
9.92
9.02
9.38
8.89
7.51
8.99
7.89
5.36
3.47
16.63
7.51
8.94
44
11.58
Payout ratio%
19.36
16.88
17.14
17.76
17.67
16.13
15.32
18.09
16.82
17.51
4.37
16.82
17.32
28
37.72
Shares (diluted)M
41.21
44.71
42.62
46.86
43.79
44.76
43.92
49.18
51.02
50.35
36.59
2.83%
1.85%
19
6.10
Buyback yield%
28.70
30.12
32.47
31.27
32.63
35.63
33.32
32.99
34.56
33.34
26.51
33.34
32.81
19
1.153
D/E ratiox
1.333
1.425
1.511
1.636
1.688
1.579
1.384
1.460
1.575
1.466
1.175
1.466
1.489
79
0.227
Enterprise valueNT$B
2.037
2.124
2.449
2.470
2.655
2.716
2.775
3.290
3.460
3.911
0.668
8.05%
8.27%
91
402.9
LT debtNT$M
855.2
754.9
774.6
713.6
745.4
739.2
723.7
775.2
742.7
655.4
115.5
(2.54%)
(2.22%)
39
Cost of revenue
6.50%
1.00×
Operating expenses
6.64%
1.01×
Spread over hurdle
(2.19%)