2.007
RevenueNT$B
2.442
2.538
2.695
2.825
2.950
3.108
3.269
3.532
3.831
4.077
2.226
6.69%
5.95%
23
22.96
Revenue growth%
21.83
19.36
19.91
22.01
24.87
25.49
26.23
26.72
27.36
24.85
21.72
26.23
24.86
22
21.08
Gross margin%
5.05
3.42
5.82
3.28
4.32
6.09
8.56
5.89
6.55
6.63
2.94
6.55
5.85
57
25.06
Operating margin%
31.96
31.11
28.98
27.18
29.51
31.31
30.91
29.82
29.90
27.77
24.55
29.90
29.86
46
11.97
Net margin%
25.61
24.27
24.06
26.11
28.16
27.40
29.51
27.79
26.07
24.09
3.16
27.40
26.09
47
32.51
P/E ratio (avg)x
29.32
28.74
27.45
29.62
27.50
24.38
23.69
23.24
23.09
21.99
10.56
23.24
25.91
55
33.05
EV/EBITx
31.27
27.72
29.76
29.11
31.59
32.94
34.32
36.96
37.07
31.74
27.78
34.32
31.67
6
3.88
FCF yield (avg)%
19.03
21.27
18.70
20.19
22.66
22.95
23.69
21.23
18.70
18.03
15.44
21.23
20.71
71
29.85
FCF margin%
19.89
17.17
16.58
18.73
21.50
20.20
17.85
18.26
16.22
18.29
10.60
18.26
18.27
38
0.971
FCF / Net incomex
0.530
0.532
0.584
0.552
0.511
0.578
0.539
0.531
0.573
0.611
0.943
0.573
0.545
31
12.23
ROIC%
3.69
2.20
3.44
6.01
6.33
6.51
7.69
6.43
8.18
7.67
5.13
7.67
6.38
68
3.51
Return on equity%
4.12
1.75
0.40
0.40
0.40
0.40
0.40
0.40
1.08
2.95
7.58
0.40
0.40
76
17.94
Return on assets%
21.17
18.92
18.69
16.89
15.96
13.94
14.55
16.78
16.74
14.93
22.85
14.93
16.76
63
25.83
EPSNT$
22.77
23.92
21.80
22.81
25.20
24.12
24.12
21.30
22.08
20.97
27.65
(3.61%)
(2.09%)
—
20.47
EPS growth%
10.72
11.74
11.11
9.19
6.84
7.67
9.27
8.61
10.74
12.25
23.52
9.27
10.00
9
26.79
Bookvalue per shNT$
5.16
5.35
5.03
4.94
4.45
4.45
3.95
3.38
3.37
3.02
39.50
(7.44%)
(6.07%)
—
25.89
FCF per shareNT$
21.06
21.96
22.34
23.20
20.92
22.95
23.85
25.39
24.77
22.97
23.90
1.89%
0.34%
—
8.87
Dividend per shNT$
6.62
6.04
6.19
5.46
5.42
5.33
4.99
5.02
4.90
5.17
22.18
(0.92%)
(1.88%)
—
26.65
Div yield (avg)%
9.91
11.61
11.98
9.79
10.27
8.26
7.14
5.88
6.98
7.30
25.77
7.14
9.02
18
8.60
Payout ratio%
16.88
16.59
17.46
15.10
12.71
14.64
17.57
20.35
19.46
20.92
2.70
19.46
17.17
20
44.16
Shares (diluted)M
53.28
53.70
60.43
57.65
52.98
49.96
50.03
51.77
50.32
46.23
45.64
(2.69%)
(0.17%)
68
17.58
Buyback yield%
23.63
22.46
21.08
19.97
21.58
23.74
22.68
22.21
24.45
24.28
3.02
23.74
22.57
6
0.690
D/E ratiox
1.203
1.292
1.106
1.163
1.164
1.213
1.095
1.062
1.119
1.133
0.963
1.119
1.148
87
2.030
Enterprise valueNT$B
2.973
3.192
3.375
3.665
3.689
3.491
3.307
3.468
3.611
3.892
3.243
1.08%
3.25%
90
0.599
LT debtNT$B
3.386
3.223
2.978
2.648
2.841
2.759
2.461
2.293
2.294
2.183
2.229
(5.13%)
(4.41%)
14
Cost of revenue
5.91%
1.00×
Operating expenses
5.72%
0.98×
Cash and investments
15.66%
Spread over hurdle
(3.05%)