142.0
RevenueNT$M
142.6
154.6
167.5
175.4
189.4
206.8
220.9
232.9
246.1
258.9
156.5
6.45%
6.95%
20
25.52
Revenue growth%
17.52
18.40
18.36
15.98
17.34
19.13
20.86
19.07
20.95
21.78
7.05
20.86
18.74
7
19.45
Gross margin%
25.37
27.36
29.34
28.99
26.27
27.71
29.98
27.94
28.21
26.35
3.24
27.94
27.83
36
21.82
Operating margin%
11.08
13.93
13.88
12.34
9.93
9.73
12.45
10.53
8.86
10.50
9.79
10.50
10.81
90
2.46
Net margin%
15.89
18.01
16.02
18.17
16.92
15.84
15.19
15.88
15.22
12.51
15.78
15.22
15.88
14
32.13
P/E ratio (avg)x
30.98
33.17
36.09
43.13
49.80
48.58
53.07
59.87
72.06
86.79
17.56
59.87
49.19
46
33.45
EV/EBITx
31.80
30.99
28.81
29.38
30.13
32.49
31.83
30.71
33.17
32.03
6.065
32.03
31.40
86
3.14
FCF yield (avg)%
15.16
16.21
14.40
13.92
14.40
12.96
11.65
11.44
9.61
12.15
27.37
11.65
13.44
70
8.25
FCF margin%
18.76
21.52
23.93
23.39
26.15
27.20
27.47
25.65
27.17
30.00
4.49
27.20
25.90
29
0.634
FCF / Net incomex
1.964
2.225
2.460
2.930
3.394
3.350
3.384
3.765
4.087
4.348
0.124
3.765
3.367
8
5.81
ROIC%
7.79
10.12
12.26
12.90
12.38
14.32
15.52
15.93
16.15
18.65
20.72
15.93
13.61
40
19.52
Return on equity%
15.49
14.08
14.14
16.07
17.99
17.02
18.62
17.92
19.41
18.57
16.22
18.57
17.47
47
18.53
Return on assets%
4.52
3.89
1.88
3.37
2.45
0.90
1.48
3.82
1.55
0.40
26.79
1.48
2.17
53
7.51
EPSNT$
13.07
15.42
17.64
17.83
20.03
21.88
22.38
22.17
25.59
25.32
8.41
4.80%
8.78%
—
11.89
EPS growth%
8.16
5.90
3.49
3.33
1.70
0.40
3.39
5.63
2.85
4.12
29.96
3.39
3.44
43
4.61
Bookvalue per shNT$
6.67
6.42
5.86
6.31
6.13
6.49
6.00
6.53
6.39
5.87
2.16
(0.88%)
(1.29%)
—
8.92
FCF per shareNT$
4.56
4.88
5.53
6.70
7.48
8.21
8.93
10.83
11.52
12.48
6.46
10.77%
11.18%
—
8.37
Dividend per shNT$
2.32
2.67
2.68
2.54
2.63
2.87
2.78
3.27
3.09
3.03
7.20
2.88%
3.01%
—
29.08
Div yield (avg)%
27.65
30.38
31.48
30.05
29.11
31.86
33.74
32.73
32.61
31.91
24.46
32.61
31.67
52
12.60
Payout ratio%
12.52
13.55
15.11
12.66
13.78
15.92
16.64
18.84
18.02
15.05
26.43
16.64
15.08
54
26.13
Shares (diluted)M
41.21
47.26
48.77
57.41
57.86
65.05
68.01
71.17
81.31
78.28
25.02
6.23%
6.68%
50
19.60
Buyback yield%
5.82
7.43
9.65
10.65
8.91
8.84
11.50
12.19
14.48
14.86
12.41
12.19
10.15
68
1.385
D/E ratiox
0.616
0.684
0.632
0.689
0.755
0.760
0.824
0.757
0.744
0.756
1.616
0.757
0.750
82
124.1
Enterprise valueNT$M
173.9
184.3
165.6
144.1
128.1
110.0
117.7
107.6
116.8
111.7
34.71
(2.70%)
(5.22%)
12
126.2
LT debtNT$M
110.5
125.0
144.1
155.6
169.4
188.6
180.9
210.7
243.8
266.4
17.76
9.47%
10.51%
87
Cost of revenue
6.85%
0.99×
Operating expenses
6.88%
0.99×
Goodwill & intangibles
16.23%
Spread over hurdle
11.60%