658.5
RevenueNT$M
385.1
408.5
435.7
467.9
492.5
533.0
569.8
609.2
642.0
678.5
708.2
6.62%
6.71%
22
25.18
Revenue growth%
0.40
2.25
0.40
0.40
0.97
0.40
0.40
0.40
0.40
0.94
25.78
0.40
0.40
82
26.59
Gross margin%
26.92
24.14
22.63
22.32
22.02
19.59
17.48
16.31
13.99
16.62
7.43
16.62
20.81
29
7.64
Operating margin%
24.88
24.31
23.17
22.64
24.54
22.00
19.90
17.92
17.48
15.73
20.20
17.92
22.32
58
22.87
Net margin%
21.00
20.64
19.58
20.82
17.88
19.77
16.86
14.53
14.51
14.63
7.67
14.63
18.73
12
12.64
P/E ratio (avg)x
31.92
33.01
36.03
33.51
31.72
35.12
38.12
40.63
39.90
36.54
8.984
38.12
35.57
73
32.49
EV/EBITx
11.38
11.73
12.94
14.35
16.80
17.59
20.63
22.77
24.77
24.52
11.82
22.77
17.20
35
27.29
FCF yield (avg)%
27.15
29.89
29.40
27.94
29.33
31.93
32.60
34.31
33.78
33.47
12.86
33.47
30.91
30
6.43
FCF margin%
14.15
11.67
8.98
10.28
9.33
8.34
9.90
7.26
7.03
5.37
23.00
7.26
9.16
71
1.658
FCF / Net incomex
0.891
0.901
1.006
0.982
1.042
1.168
1.264
1.235
1.242
1.140
1.710
1.235
1.091
15
27.61
ROIC%
8.70
8.15
9.87
9.84
12.64
9.93
11.60
10.36
12.64
14.06
12.05
11.60
10.15
15
26.37
Return on equity%
10.62
13.01
12.60
13.11
14.87
16.95
17.95
17.18
19.80
20.22
6.09
17.95
15.91
30
22.32
Return on assets%
18.13
19.22
16.86
15.58
15.63
17.02
17.06
17.38
20.33
22.79
14.66
17.38
17.22
7
7.01
EPSNT$
3.12
3.33
3.70
3.93
3.99
4.24
4.16
4.35
4.81
5.10
7.84
5.03%
4.87%
—
22.62
EPS growth%
25.75
23.77
21.44
20.01
18.19
16.77
17.01
18.98
19.07
21.89
13.97
18.98
19.54
38
5.15
Bookvalue per shNT$
12.75
13.05
14.42
17.13
18.38
18.06
17.91
19.05
19.86
19.80
2.02
1.49%
4.64%
—
4.04
FCF per shareNT$
10.58
11.13
11.23
13.11
14.98
17.03
18.52
19.02
22.00
21.98
7.34
7.96%
7.29%
—
7.60
Dividend per shNT$
5.88
5.67
5.71
6.19
6.33
6.42
6.99
7.88
7.81
7.71
1.97
4.00%
2.88%
—
23.47
Div yield (avg)%
28.18
25.89
24.69
24.89
26.09
26.04
25.60
25.65
25.58
25.64
10.79
25.64
25.64
17
5.28
Payout ratio%
16.56
13.90
13.30
14.15
17.01
17.79
18.80
16.13
14.15
14.49
29.61
16.13
15.31
39
40.15
Shares (diluted)M
37.94
38.15
32.73
30.15
32.72
29.60
28.89
28.59
24.75
22.09
37.99
(7.55%)
(6.41%)
50
12.15
Buyback yield%
24.77
23.99
26.55
28.04
25.40
26.18
24.37
25.12
24.76
23.49
29.40
24.76
24.94
75
0.704
D/E ratiox
1.131
1.033
0.997
1.008
0.997
0.852
0.723
0.710
0.604
0.523
0.446
0.710
0.924
36
0.401
Enterprise valueNT$B
0.726
0.713
0.806
0.956
1.079
1.058
1.243
1.415
1.374
1.429
0.764
5.77%
8.52%
11
0.365
LT debtNT$B
0.556
0.639
0.684
0.777
0.921
1.063
1.070
1.204
1.394
1.559
0.719
11.10%
11.00%
32
Cost of revenue
6.52%
0.98×
Operating expenses
6.55%
0.98×
Cash and investments
17.93%
Spread over hurdle
24.27%