2.099
RevenueNT$B
1.341
1.406
1.494
1.569
1.657
1.714
1.817
1.913
2.051
2.182
2.213
5.66%
5.78%
84
22.50
Revenue growth%
13.73
15.03
16.80
17.09
15.45
12.95
13.82
10.97
10.11
9.32
24.61
10.97
13.78
41
29.53
Gross margin%
9.40
6.55
6.79
8.81
7.95
10.51
11.65
8.73
10.94
10.72
6.94
10.72
9.11
38
27.25
Operating margin%
7.59
9.61
12.04
12.26
13.37
16.12
14.55
16.23
16.99
18.95
12.36
16.23
13.96
11
3.10
Net margin%
24.95
24.94
22.63
23.66
21.45
19.00
18.78
18.26
18.22
17.53
21.80
18.26
20.23
82
8.345
P/E ratio (avg)x
25.10
27.21
27.14
25.55
27.80
28.54
30.58
27.59
28.69
30.22
34.42
28.69
27.70
58
25.52
EV/EBITx
32.94
31.38
28.65
26.63
25.30
25.15
26.82
26.60
27.97
28.16
36.93
26.82
27.39
85
13.58
FCF yield (avg)%
24.92
22.54
25.09
24.65
25.98
23.08
22.47
20.41
22.18
20.72
12.34
22.18
22.81
5
27.99
FCF margin%
15.32
13.56
15.08
14.15
12.01
9.17
6.90
9.85
12.42
11.46
21.89
9.85
12.21
11
1.120
FCF / Net incomex
0.641
0.743
0.860
0.848
0.852
0.885
1.010
0.991
1.031
1.099
0.469
1.010
0.873
56
23.54
ROIC%
5.89
4.11
5.29
6.93
4.21
2.77
4.67
5.88
5.27
5.91
19.09
5.27
5.28
77
11.52
Return on equity%
20.20
18.31
20.09
20.26
20.89
23.01
22.97
20.21
21.78
23.05
17.85
22.97
20.57
19
19.69
Return on assets%
14.96
13.64
15.60
15.77
17.81
17.46
20.38
19.90
21.54
18.85
10.04
19.90
17.64
95
7.47
EPSNT$
6.08
6.52
6.22
6.46
6.97
7.17
7.63
8.31
9.05
9.84
8.11
7.13%
4.01%
—
13.82
EPS growth%
7.27
9.46
11.14
8.23
7.21
10.05
9.20
10.70
9.60
10.97
25.59
10.05
9.53
77
3.23
Bookvalue per shNT$
2.92
2.83
2.43
2.36
2.00
2.08
1.95
1.69
1.60
1.62
9.38
(4.11%)
(5.85%)
—
10.21
FCF per shareNT$
7.46
7.49
8.50
10.27
11.80
12.03
11.72
12.26
13.27
13.17
10.20
2.21%
7.33%
—
5.77
Dividend per shNT$
1.64
1.79
1.65
1.67
1.67
1.81
1.94
2.07
1.95
2.10
6.63
4.66%
3.54%
—
22.43
Div yield (avg)%
12.12
10.17
8.37
10.43
12.59
11.20
9.69
9.05
11.06
10.88
23.10
10.88
10.66
93
27.76
Payout ratio%
12.93
10.73
10.49
12.66
14.36
15.92
13.94
13.12
11.72
13.51
15.79
13.51
13.02
61
153.6
Shares (diluted)M
135.4
141.4
132.1
128.2
131.4
137.6
142.9
161.5
175.2
168.7
153.3
5.12%
1.99%
44
3.32
Buyback yield%
12.75
15.18
14.17
12.04
9.90
10.62
11.36
12.73
15.05
16.14
7.94
12.73
12.74
68
1.689
D/E ratiox
1.014
1.081
1.149
1.145
1.147
1.225
1.202
1.049
1.155
1.218
1.451
1.202
1.148
84
0.559
Enterprise valueNT$B
2.556
2.436
2.599
2.727
2.801
3.043
3.300
3.661
4.069
4.097
1.942
7.90%
4.44%
59
2.115
LT debtNT$B
3.516
4.161
4.162
4.077
4.261
4.675
5.543
5.905
6.876
7.530
1.653
12.06%
8.71%
42
Cost of revenue
5.74%
1.00×
Operating expenses
5.20%
0.95×
Goodwill & intangibles
18.63%
Spread over hurdle
(3.64%)