393.4
RevenueNT$M
457.7
463.8
473.9
470.2
476.7
479.8
479.1
489.8
484.4
496.6
430.4
0.82%
0.80%
89
19.10
Revenue growth%
14.17
15.02
13.31
10.63
11.84
12.38
10.89
12.79
15.21
12.45
27.46
12.45
12.62
11
27.28
Gross margin%
5.92
8.51
10.13
7.27
8.74
6.77
7.38
6.95
7.97
8.19
2.16
7.38
7.67
68
18.53
Operating margin%
13.88
15.13
16.48
18.26
19.10
20.21
19.08
19.66
17.52
14.63
12.21
19.08
17.89
88
22.18
Net margin%
5.42
3.95
1.30
1.40
0.40
0.40
0.40
1.07
1.98
1.27
6.84
1.07
1.29
37
10.10
P/E ratio (avg)x
18.15
17.96
18.19
21.68
21.35
25.34
29.89
32.69
37.02
44.72
32.56
32.69
23.51
83
24.26
EV/EBITx
25.78
26.77
26.94
28.78
31.20
35.22
37.16
43.40
47.02
47.47
7.340
43.40
33.21
39
2.78
FCF yield (avg)%
8.31
7.39
6.75
7.10
5.73
5.33
3.49
5.50
3.49
1.12
28.51
3.49
5.61
86
11.93
FCF margin%
8.88
6.79
9.16
11.02
11.37
12.55
10.19
9.87
8.05
10.56
9.88
10.19
10.03
87
1.732
FCF / Net incomex
2.543
2.866
3.062
3.395
3.547
3.931
4.380
5.070
5.045
5.495
1.703
5.045
3.739
43
7.91
ROIC%
8.77
11.04
8.19
8.46
11.07
13.06
10.82
8.69
9.48
11.09
26.79
10.82
10.15
90
24.95
Return on equity%
5.45
5.52
8.18
9.28
6.40
4.49
3.93
4.22
5.71
5.22
4.28
4.49
5.49
69
12.80
Return on assets%
3.67
6.39
6.77
5.53
5.69
3.25
4.25
3.39
5.16
4.01
26.72
4.01
4.70
15
5.57
EPSNT$
5.44
6.04
6.72
6.73
6.55
7.13
7.56
8.94
8.81
9.75
6.04
8.28%
5.98%
—
26.36
EPS growth%
32.93
33.21
31.52
33.40
32.95
30.63
32.88
34.18
36.68
36.81
22.67
34.18
33.08
84
1.54
Bookvalue per shNT$
6.79
7.82
7.50
8.60
9.19
10.05
10.21
9.99
10.19
11.49
3.98
4.57%
5.26%
—
1.59
FCF per shareNT$
4.00
3.97
3.79
4.01
4.58
4.75
4.94
5.39
6.16
7.11
1.77
9.17%
7.02%
—
1.07
Dividend per shNT$
2.99
2.78
2.47
2.73
2.67
2.54
2.22
2.29
2.30
2.45
7.14
(1.69%)
(2.69%)
—
7.87
Div yield (avg)%
20.48
18.64
20.46
17.79
20.03
20.87
23.70
23.79
24.57
25.66
8.31
23.79
20.67
49
10.39
Payout ratio%
25.47
24.80
23.57
20.98
22.14
24.33
23.35
23.84
25.38
26.92
28.46
24.33
24.08
52
30.64
Shares (diluted)M
31.43
35.75
32.91
34.02
33.28
33.39
37.04
39.02
40.70
43.69
30.57
5.60%
2.46%
18
20.74
Buyback yield%
21.47
21.78
22.95
22.55
19.60
17.02
18.06
15.60
13.30
15.81
15.15
15.81
18.83
95
0.278
D/E ratiox
0.665
0.584
0.587
0.627
0.607
0.527
0.490
0.485
0.430
0.456
1.685
0.485
0.555
54
401.6
Enterprise valueNT$M
393.1
394.8
457.2
444.0
493.3
543.1
556.2
617.2
619.0
641.8
103.6
5.41%
5.56%
35
53.98
LT debtNT$M
379.9
420.7
444.7
517.9
601.3
595.9
714.5
776.5
789.6
838.1
69.43
6.87%
8.08%
72
Cost of revenue
0.80%
1.00×
Operating expenses
1.02%
1.02×
Property and equipment
14.25%
Spread over hurdle
(1.15%)