453.3
RevenueNT$M
383.6
426.5
455.5
500.0
554.5
603.3
669.6
731.0
785.8
871.9
493.8
9.47%
9.47%
88
18.53
Revenue growth%
17.40
19.21
19.88
18.23
17.02
19.02
17.21
19.59
21.01
19.03
11.70
19.03
19.03
70
22.25
Gross margin%
14.54
14.73
15.40
16.43
18.27
18.36
19.58
21.85
22.03
20.72
19.55
20.72
18.31
9
24.13
Operating margin%
17.07
18.55
19.26
19.24
18.64
16.42
19.36
22.00
22.03
19.58
16.38
19.58
19.25
65
6.75
Net margin%
14.90
14.47
14.06
13.07
10.75
10.41
11.78
13.72
11.59
10.76
22.13
11.59
12.43
58
22.21
P/E ratio (avg)x
26.62
25.63
29.27
31.71
33.53
38.19
42.82
47.78
47.72
51.55
20.45
47.72
35.86
94
29.27
EV/EBITx
22.17
23.27
24.83
25.35
23.71
23.91
22.72
21.26
21.83
21.37
30.29
21.83
22.99
48
6.15
FCF yield (avg)%
13.76
13.65
12.81
10.16
9.27
9.27
10.62
11.81
13.68
12.13
25.27
11.81
11.97
44
25.63
FCF margin%
15.10
16.43
14.66
13.81
11.35
10.28
13.25
11.57
9.63
10.37
2.09
10.37
12.41
86
0.129
FCF / Net incomex
0.499
0.473
0.472
0.477
0.557
0.646
0.706
0.680
0.692
0.687
0.434
0.687
0.602
92
27.01
ROIC%
0.40
0.40
0.40
3.18
0.40
0.40
1.59
4.27
2.65
4.72
8.30
2.65
1.00
42
21.20
Return on equity%
25.54
28.00
27.54
30.33
32.29
34.24
34.59
35.79
38.07
37.05
18.12
35.79
33.27
13
15.98
Return on assets%
5.88
6.44
4.34
4.07
2.79
1.73
0.40
0.40
3.12
3.32
26.86
1.73
3.22
35
10.73
EPSNT$
11.73
12.72
13.64
13.65
12.87
13.72
13.47
13.67
14.52
14.06
12.01
1.77%
1.82%
—
13.74
EPS growth%
23.11
21.64
24.54
23.46
26.25
26.12
28.44
26.86
29.77
27.87
25.33
27.87
26.18
44
2.32
Bookvalue per shNT$
9.75
9.07
9.44
9.83
10.48
9.92
10.61
11.00
12.03
13.42
7.53
5.06%
4.40%
—
10.56
FCF per shareNT$
4.75
4.77
4.27
4.37
4.68
4.74
4.61
4.87
4.27
4.21
7.29
(2.08%)
(1.90%)
—
11.84
Dividend per shNT$
8.23
9.91
10.41
11.44
12.94
12.70
14.22
15.46
18.00
20.56
5.61
9.70%
9.64%
—
13.43
Div yield (avg)%
21.86
21.69
20.24
18.16
16.13
14.24
16.00
14.37
13.58
13.03
22.90
14.24
16.06
50
7.06
Payout ratio%
12.16
9.73
8.11
7.86
6.09
3.57
0.65
3.16
1.18
1.58
9.42
1.58
4.83
68
36.33
Shares (diluted)M
62.05
73.81
77.85
87.05
104.4
115.3
117.1
118.5
130.1
151.3
35.93
7.69%
11.31%
42
6.00
Buyback yield%
7.03
9.42
8.23
5.96
5.89
8.49
8.40
9.36
10.15
8.95
28.21
8.95
8.44
21
1.419
D/E ratiox
1.010
1.077
1.025
1.075
1.098
0.970
1.020
0.911
0.813
0.882
0.422
0.911
1.015
28
233.4
Enterprise valueNT$M
572.7
647.4
605.4
629.5
700.4
746.0
785.3
789.0
802.7
909.1
269.6
5.36%
5.64%
50
65.93
LT debtNT$M
355.5
406.8
449.6
490.7
552.5
599.4
574.0
583.9
537.3
517.1
238.6
(1.31%)
4.08%
43
Cost of revenue
9.17%
0.97×
Operating expenses
9.70%
1.02×
Cash and investments
16.90%
Spread over hurdle
(0.21%)