2.092
RevenueNT$B
1.233
1.326
1.427
1.539
1.645
1.763
1.837
1.987
2.109
2.214
2.294
6.11%
6.82%
76
14.10
Revenue growth%
5.73
6.94
5.38
3.73
5.31
7.30
6.71
5.15
3.34
0.47
18.70
5.15
5.34
65
10.97
Gross margin%
27.06
28.88
28.81
26.80
29.33
32.30
33.83
34.83
35.73
34.47
15.47
34.47
30.82
33
11.57
Operating margin%
20.57
21.03
18.04
19.32
20.15
20.26
22.66
20.44
21.41
21.44
12.51
21.41
20.51
64
26.16
Net margin%
18.53
18.72
20.83
22.31
21.81
23.96
21.14
18.54
18.87
21.45
23.61
21.14
20.99
35
12.90
P/E ratio (avg)x
34.16
35.54
38.91
35.71
36.19
33.70
36.74
39.87
42.88
47.49
21.45
39.87
36.46
37
34.11
EV/EBITx
7.822
8.674
9.778
10.93
11.16
10.75
11.56
12.97
13.58
15.55
12.98
12.97
11.05
84
19.59
FCF yield (avg)%
10.76
11.62
12.43
9.70
10.39
11.21
11.01
10.89
12.03
9.45
20.15
11.01
10.95
27
19.62
FCF margin%
18.14
17.94
17.73
16.04
16.33
13.86
11.89
11.54
14.49
17.00
20.62
13.86
16.19
81
1.734
FCF / Net incomex
1.500
1.763
1.897
2.296
2.771
3.030
3.364
4.071
4.713
4.740
0.383
4.071
2.900
86
19.39
ROIC%
7.63
7.33
8.16
5.41
5.58
4.01
2.44
4.59
3.06
4.89
18.36
4.01
5.15
27
10.09
Return on equity%
20.98
19.90
22.81
21.33
20.77
21.90
20.29
18.89
17.63
20.37
9.77
20.29
20.57
89
3.96
Return on assets%
1.13
2.63
5.35
7.69
9.97
10.06
11.22
13.54
14.87
16.14
19.10
13.54
10.02
85
2.38
EPSNT$
4.40
5.22
5.58
5.43
5.28
5.45
6.21
6.96
8.07
8.35
2.48
9.60%
7.92%
—
10.52
EPS growth%
32.09
34.32
37.29
34.91
34.08
33.82
35.18
34.71
37.63
35.17
23.90
35.17
34.81
45
5.93
Bookvalue per shNT$
2.91
2.54
2.58
2.53
2.50
2.52
2.68
2.78
2.50
2.24
3.85
(2.12%)
(2.21%)
—
6.76
FCF per shareNT$
3.12
3.16
2.76
2.45
2.64
2.63
2.60
2.63
2.64
2.65
1.28
0.02%
(2.05%)
—
6.51
Dividend per shNT$
7.80
9.21
10.66
11.94
12.81
13.47
13.56
16.26
16.64
17.36
3.95
6.27%
8.20%
—
13.87
Div yield (avg)%
10.66
10.54
8.86
9.12
11.84
8.88
9.08
8.43
7.78
10.62
5.20
8.88
9.10
42
12.57
Payout ratio%
28.79
28.80
29.99
29.87
31.33
31.95
28.98
27.99
28.21
26.33
17.37
28.21
28.89
74
107.6
Shares (diluted)M
118.8
121.4
119.0
129.6
150.6
170.5
159.4
151.9
171.5
194.3
109.8
5.22%
4.38%
45
9.67
Buyback yield%
26.05
24.61
27.55
29.40
31.82
31.11
31.31
30.23
32.68
34.65
24.73
31.31
30.67
49
1.229
D/E ratiox
1.496
1.618
1.880
2.008
2.224
2.346
2.356
2.444
2.852
2.877
1.044
2.444
2.285
82
1.177
Enterprise valueNT$B
4.828
4.728
5.517
6.291
7.477
8.006
9.358
9.717
9.907
10.50
0.472
7.02%
9.89%
83
1.097
LT debtNT$B
3.212
2.782
2.739
2.950
3.184
3.331
3.377
3.150
3.006
2.549
0.727
(4.35%)
(1.69%)
74
Cost of revenue
6.64%
0.98×
Operating expenses
6.94%
1.01×
Goodwill & intangibles
18.79%
Property and equipment
13.69%
Spread over hurdle
(2.45%)