173.7
RevenueNT$M
287.4
301.0
307.8
320.0
325.3
333.2
353.7
361.0
375.9
391.0
182.0
3.75%
3.48%
41
27.03
Revenue growth%
16.42
15.20
17.34
18.78
20.65
18.04
16.66
17.52
15.07
17.29
7.83
17.29
17.32
32
8.17
Gross margin%
13.86
11.71
13.78
11.73
13.13
11.15
12.38
13.20
11.86
12.87
17.17
12.38
12.63
53
3.92
Operating margin%
17.10
18.29
19.45
20.45
19.08
19.83
21.50
19.44
21.97
24.67
4.91
21.50
19.64
7
7.95
Net margin%
14.48
13.40
16.32
17.85
15.80
18.27
17.07
16.31
16.85
19.61
19.20
17.07
16.59
93
16.98
P/E ratio (avg)x
50.77
54.07
64.44
70.81
74.23
80.10
95.65
98.08
110.9
129.1
24.38
98.08
77.16
21
28.83
EV/EBITx
37.10
42.87
44.35
47.78
50.67
57.22
61.76
68.14
67.29
69.80
15.65
67.29
53.95
60
29.80
FCF yield (avg)%
3.79
3.83
5.77
2.83
4.79
3.35
3.93
4.51
5.02
2.46
18.61
3.93
3.88
20
18.68
FCF margin%
7.72
7.75
8.19
8.35
10.02
8.38
8.92
9.69
12.30
14.74
17.60
9.69
8.65
76
0.128
FCF / Net incomex
0.670
0.756
0.750
0.820
0.844
0.990
1.183
1.276
1.390
1.442
0.313
1.276
0.917
26
17.83
ROIC%
24.86
22.16
20.27
22.27
22.62
21.46
22.63
22.73
19.77
22.67
25.08
22.63
22.45
93
20.52
Return on equity%
27.82
26.74
24.56
27.23
26.42
27.48
28.31
29.55
28.50
26.51
4.31
28.31
27.36
18
2.10
Return on assets%
19.35
21.45
23.76
23.64
25.20
28.11
26.23
25.40
22.88
25.49
15.45
25.49
24.48
63
9.04
EPSNT$
12.61
12.05
11.42
10.82
10.22
11.45
10.83
11.82
12.12
11.20
9.92
1.85%
(0.73%)
—
20.05
EPS growth%
11.36
11.58
9.15
10.36
8.99
8.19
7.69
8.51
9.10
6.97
21.90
8.19
9.04
77
2.18
Bookvalue per shNT$
12.15
12.08
12.19
12.36
13.31
15.13
17.81
21.21
23.32
24.23
11.73
12.73%
7.07%
—
13.27
FCF per shareNT$
4.99
4.83
5.26
6.19
6.31
6.90
8.31
9.95
10.24
11.20
7.80
12.14%
8.31%
—
7.90
Dividend per shNT$
4.85
4.82
4.91
4.76
4.68
5.10
4.89
5.73
6.37
6.71
5.75
7.44%
3.54%
—
15.00
Div yield (avg)%
0.40
0.40
0.40
2.48
0.98
1.81
1.29
0.88
2.73
0.93
9.52
1.29
0.95
46
5.61
Payout ratio%
7.97
9.68
9.89
10.06
12.42
14.23
11.80
11.31
11.77
12.18
5.88
11.80
11.54
46
26.09
Shares (diluted)M
26.56
27.70
29.15
29.89
30.19
30.20
25.77
24.48
22.58
24.16
26.72
(4.36%)
(0.95%)
33
22.67
Buyback yield%
4.03
4.44
4.18
1.49
3.19
1.26
4.00
6.81
6.01
5.36
5.51
5.36
4.10
59
1.393
D/E ratiox
1.464
1.329
1.480
1.565
1.405
1.516
1.655
1.578
1.700
1.651
1.602
1.651
1.540
92
334.8
Enterprise valueNT$M
108.8
109.9
114.1
129.1
126.1
140.5
144.6
139.3
147.7
143.3
389.4
2.59%
2.22%
40
275.3
LT debtNT$M
104.6
122.1
132.6
155.6
151.5
147.1
165.4
162.2
169.8
186.9
401.3
4.29%
5.74%
37
Cost of revenue
3.54%
1.01×
Operating expenses
3.03%
0.96×
Cash and investments
14.78%
Spread over hurdle
(3.30%)