35.76
RevenueNT$M
269.7
299.0
329.0
359.6
387.9
424.2
469.7
505.8
548.8
599.2
36.90
9.09%
9.36%
45
29.49
Revenue growth%
14.92
17.80
15.73
14.38
16.06
16.57
17.29
16.81
17.27
18.84
2.89
17.27
16.69
47
17.53
Gross margin%
29.10
29.95
27.64
28.47
27.01
27.14
26.38
24.73
26.44
26.78
25.79
26.44
27.08
29
16.09
Operating margin%
19.39
17.33
14.49
16.39
18.27
15.30
13.87
15.73
14.61
17.57
24.79
15.30
16.06
24
22.63
Net margin%
23.12
22.76
22.04
24.78
24.88
25.54
26.64
26.02
28.22
25.91
12.58
26.02
25.21
90
35.44
P/E ratio (avg)x
28.52
27.26
28.84
27.48
24.77
25.66
25.55
27.04
29.78
30.00
32.07
27.04
27.37
16
6.694
EV/EBITx
16.58
16.44
17.97
20.21
23.76
24.28
26.86
25.97
26.54
27.18
23.92
26.54
24.02
25
10.39
FCF yield (avg)%
13.69
13.03
15.16
12.95
13.59
10.77
12.55
12.15
12.39
13.66
27.60
12.39
12.99
66
22.69
FCF margin%
11.71
10.47
11.57
9.63
12.20
9.28
6.83
9.35
6.88
7.22
23.02
7.22
9.49
43
1.546
FCF / Net incomex
0.638
0.719
0.690
0.816
0.904
1.044
1.211
1.165
1.284
1.363
0.638
1.211
0.974
36
17.18
ROIC%
19.79
18.34
19.25
17.51
16.50
19.30
17.33
17.57
14.98
17.94
22.81
17.57
17.75
79
19.84
Return on equity%
11.77
11.69
11.12
11.93
14.13
12.06
10.44
13.32
16.02
16.03
2.98
13.32
11.99
82
19.91
Return on assets%
23.50
20.85
18.11
20.88
22.87
21.18
20.57
20.51
21.13
24.05
7.83
21.13
21.01
12
7.93
EPSNT$
4.29
4.04
4.17
4.22
4.36
4.32
4.22
4.23
3.72
4.11
8.40
(1.18%)
(1.69%)
—
10.28
EPS growth%
15.49
16.33
13.51
16.20
18.67
18.40
18.53
19.66
16.71
19.10
13.86
18.53
17.55
25
14.09
Bookvalue per shNT$
13.20
13.09
13.85
14.25
13.24
14.68
13.84
15.34
13.76
12.52
10.69
(1.11%)
0.30%
—
15.66
FCF per shareNT$
15.03
16.34
19.15
20.86
24.04
23.96
24.86
27.64
31.17
36.20
2.87
8.53%
9.77%
—
17.95
Dividend per shNT$
8.50
7.97
8.59
8.54
8.22
7.69
8.39
7.97
8.65
9.13
13.23
2.13%
0.49%
—
10.53
Div yield (avg)%
21.15
19.98
22.03
23.45
24.42
27.31
26.54
27.26
29.80
31.53
11.27
27.31
25.48
33
10.32
Payout ratio%
12.25
13.24
11.65
11.50
12.48
10.98
12.39
9.65
11.13
13.58
4.86
11.13
11.95
34
32.47
Shares (diluted)M
45.76
48.62
50.09
50.80
52.01
59.44
61.93
66.12
77.10
91.52
32.69
11.97%
8.10%
73
21.18
Buyback yield%
1.40
2.50
2.44
2.81
4.35
6.92
9.65
12.07
9.94
11.67
26.31
9.94
5.64
91
0.612
D/E ratiox
1.619
1.698
1.561
1.757
1.621
1.784
1.846
1.898
1.860
1.901
0.822
1.860
1.770
67
214.8
Enterprise valueNT$M
438.2
462.5
550.1
540.5
550.4
539.3
614.1
643.3
631.1
693.7
288.4
4.74%
5.77%
75
466.9
LT debtNT$M
267.5
295.8
267.8
274.5
304.7
311.2
291.7
274.5
269.9
251.7
642.1
(3.75%)
(0.72%)
33
Cost of revenue
9.30%
0.99×
Operating expenses
9.46%
1.01×
Goodwill & intangibles
20.22%
Property and equipment
15.98%
Spread over hurdle
(2.90%)