2.070
RevenueNT$B
2.939
3.013
3.098
3.188
3.393
3.463
3.514
3.633
3.738
3.812
2.161
2.36%
3.25%
14
13.81
Revenue growth%
25.62
25.88
22.94
25.38
24.42
22.46
19.78
20.06
21.32
23.95
20.66
21.32
23.44
25
15.72
Gross margin%
11.80
13.91
11.13
10.96
13.02
15.40
17.01
19.57
22.32
19.47
9.50
19.47
14.66
73
25.44
Operating margin%
25.41
27.05
26.29
24.65
24.62
25.37
26.86
29.14
30.52
29.63
25.12
29.14
26.58
69
29.00
Net margin%
4.25
3.10
3.16
2.40
2.73
1.65
0.40
0.84
0.40
1.21
8.92
0.84
2.03
83
36.69
P/E ratio (avg)x
13.56
13.50
15.97
18.41
21.92
21.37
25.50
30.17
35.77
40.66
9.876
30.17
21.65
34
14.27
EV/EBITx
14.47
15.71
14.33
14.96
13.78
15.38
16.04
17.38
19.54
17.88
6.529
17.38
15.54
40
20.23
FCF yield (avg)%
16.94
19.61
18.50
16.81
16.06
17.79
20.49
18.18
18.96
18.96
28.73
18.96
18.34
38
15.07
FCF margin%
34.79
33.28
33.91
36.69
36.64
35.50
36.68
36.62
34.04
33.23
25.49
35.50
35.15
79
1.383
FCF / Net incomex
1.545
1.580
1.694
1.677
1.953
1.835
1.759
2.013
2.078
2.141
1.149
2.013
1.797
80
5.13
ROIC%
15.98
16.05
13.64
10.77
13.38
14.35
15.57
14.56
17.52
15.28
15.04
15.28
14.92
35
25.29
Return on equity%
15.88
15.05
14.16
13.89
12.21
13.90
15.83
15.17
14.82
12.87
26.44
14.82
14.49
72
8.86
Return on assets%
12.54
12.06
10.30
12.92
13.41
12.90
13.59
12.26
11.77
10.74
19.21
12.26
12.40
24
6.75
EPSNT$
7.09
6.31
6.32
6.77
7.41
7.07
7.45
7.64
8.13
8.43
7.50
2.60%
1.58%
—
13.12
EPS growth%
17.20
17.61
18.23
15.75
18.39
17.19
17.41
18.21
15.83
13.23
15.41
17.19
17.31
43
3.53
Bookvalue per shNT$
3.86
4.07
4.78
5.38
5.81
6.12
6.15
6.81
6.92
7.20
8.61
4.37%
6.05%
—
8.49
FCF per shareNT$
14.86
16.57
17.89
17.68
19.32
22.73
25.05
26.55
30.46
34.06
11.87
12.01%
10.09%
—
5.00
Dividend per shNT$
8.88
8.20
8.98
8.71
9.25
9.05
9.05
10.17
9.58
10.14
4.61
1.87%
2.29%
—
3.20
Div yield (avg)%
32.45
31.46
33.31
31.39
34.31
32.35
33.35
30.56
33.10
33.90
21.35
33.10
32.78
21
10.98
Payout ratio%
7.72
9.53
6.63
5.21
3.08
0.74
2.92
1.64
3.16
4.04
16.26
2.92
3.60
18
199.5
Shares (diluted)M
217.0
221.5
247.1
271.3
269.3
302.0
312.4
331.0
345.3
384.1
192.9
7.36%
6.89%
47
27.71
Buyback yield%
5.68
5.58
7.26
6.57
8.64
10.32
8.91
10.83
10.21
12.81
8.41
10.32
8.78
40
1.386
D/E ratiox
1.968
2.046
2.111
2.096
2.174
2.173
2.105
1.921
1.756
1.845
0.269
1.921
2.071
71
0.702
Enterprise valueNT$B
2.220
2.272
2.605
2.619
3.037
3.436
3.840
3.951
4.599
4.990
2.343
10.44%
8.91%
45
0.516
LT debtNT$B
2.495
2.394
2.238
2.298
2.391
2.215
2.057
2.335
2.406
2.509
0.727
0.97%
(0.58%)
12
Cost of revenue
3.02%
0.98×
Operating expenses
3.20%
0.99×
Property and equipment
15.95%
Spread over hurdle
(0.94%)