1.092
RevenueNT$B
1.194
1.290
1.369
1.446
1.510
1.569
1.631
1.748
1.877
2.000
1.162
5.78%
6.17%
58
20.06
Revenue growth%
8.34
10.98
13.40
14.34
12.20
10.93
11.64
13.03
11.86
12.90
13.97
11.86
12.03
18
8.06
Gross margin%
18.40
15.79
15.99
14.57
14.86
15.72
14.77
15.91
14.96
13.99
11.34
14.96
15.34
32
13.46
Operating margin%
28.50
27.44
26.09
24.12
23.77
21.02
18.37
19.10
20.89
20.56
15.29
20.56
22.40
47
10.95
Net margin%
23.07
25.46
26.82
25.86
22.93
20.23
21.09
21.57
23.71
24.93
14.44
21.57
23.39
43
22.71
P/E ratio (avg)x
12.14
13.51
14.82
15.38
17.70
17.53
19.28
21.75
23.71
25.38
29.89
21.75
17.61
75
25.75
EV/EBITx
26.92
24.79
24.47
25.42
25.07
26.93
26.03
25.93
27.15
29.18
10.67
26.93
25.98
53
8.08
FCF yield (avg)%
18.75
21.73
24.35
21.52
20.32
21.79
22.08
22.52
23.21
22.53
12.38
22.52
21.94
74
28.32
FCF margin%
22.69
23.00
23.95
25.73
23.62
20.69
20.15
20.02
22.81
24.22
8.95
20.69
22.90
89
1.463
FCF / Net incomex
1.211
1.062
1.165
1.092
1.109
1.060
1.044
1.081
1.108
1.146
1.387
1.081
1.100
5
21.98
ROIC%
11.07
8.20
8.29
11.22
9.30
11.97
12.14
12.56
10.65
11.82
16.23
11.97
11.14
57
14.44
Return on equity%
26.66
24.40
24.49
24.38
26.85
23.97
26.18
24.74
26.54
24.70
25.34
24.74
24.72
69
20.21
Return on assets%
15.16
13.40
11.75
13.44
15.44
13.34
12.51
13.76
11.58
13.68
10.92
13.34
13.42
9
22.24
EPSNT$
35.19
40.85
38.47
42.45
46.58
50.93
57.43
65.16
65.95
68.59
23.48
8.05%
8.12%
—
3.41
EPS growth%
24.53
21.95
23.05
21.59
23.21
23.17
21.03
22.73
22.29
24.47
10.21
22.73
22.89
41
5.94
Bookvalue per shNT$
26.61
24.17
22.48
20.62
19.07
18.97
18.98
17.14
18.82
17.79
14.27
(1.38%)
(4.43%)
—
20.30
FCF per shareNT$
23.30
23.56
22.05
23.25
24.86
28.40
28.99
32.68
35.05
32.92
25.97
5.78%
4.81%
—
20.06
Dividend per shNT$
32.68
32.85
35.79
35.63
34.36
38.05
43.03
42.96
45.46
52.70
20.92
8.93%
6.37%
—
7.13
Div yield (avg)%
29.92
29.31
26.59
27.09
26.98
27.07
25.63
25.11
26.12
27.24
19.46
26.12
27.03
27
2.68
Payout ratio%
4.83
3.19
6.16
4.40
6.14
8.70
7.85
9.39
9.85
10.27
23.52
9.39
7.00
52
27.75
Shares (diluted)M
47.78
44.90
47.46
48.56
46.24
46.38
48.99
57.16
58.81
58.43
26.92
4.79%
2.44%
48
3.54
Buyback yield%
19.17
18.78
20.87
23.46
22.66
21.51
18.78
19.63
20.86
23.00
4.78
20.86
20.86
75
1.245
D/E ratiox
0.861
0.791
0.831
0.804
0.884
0.901
0.846
0.798
0.793
0.762
1.624
0.798
0.817
57
711.1
Enterprise valueNT$M
595.1
521.6
479.6
493.3
446.4
455.4
397.2
380.6
358.6
355.9
799.6
(4.43%)
(5.57%)
34
0.247
LT debtNT$B
0.335
0.375
0.398
0.409
0.387
0.365
0.379
0.371
0.397
0.432
1.870
2.20%
3.23%
51
Cost of revenue
6.23%
1.01×
Operating expenses
5.84%
0.97×
Property and equipment
20.04%
Spread over hurdle
11.65%