1.756
RevenueNT$B
1.597
1.718
1.826
1.990
2.124
2.253
2.366
2.475
2.670
2.846
1.908
6.02%
6.56%
65
23.44
Revenue growth%
26.73
29.62
31.83
30.02
27.67
24.87
26.94
26.99
24.75
22.86
5.15
24.87
26.97
70
17.41
Gross margin%
11.06
12.12
13.55
15.06
14.36
12.84
12.39
9.64
8.15
9.87
8.66
9.87
12.25
8
14.21
Operating margin%
26.45
28.20
27.24
29.36
30.29
32.14
34.20
32.19
34.49
34.24
29.39
34.20
31.22
83
28.45
Net margin%
13.07
13.72
14.63
17.55
17.06
19.06
17.16
14.23
16.50
13.58
8.60
16.50
15.57
50
25.34
P/E ratio (avg)x
45.27
49.25
53.88
58.69
57.06
65.13
76.25
74.26
78.71
90.40
22.64
76.25
61.91
66
29.62
EV/EBITx
33.23
35.32
36.43
37.72
38.22
41.01
37.88
36.75
33.24
30.16
28.76
36.75
36.59
73
14.03
FCF yield (avg)%
13.38
11.07
8.41
11.15
12.52
13.22
12.12
10.71
10.85
9.33
23.34
10.85
11.11
90
24.74
FCF margin%
10.32
12.29
10.00
11.22
11.54
9.84
7.27
4.35
6.61
8.48
25.85
7.27
9.92
90
1.371
FCF / Net incomex
1.167
1.252
1.312
1.426
1.404
1.384
1.410
1.342
1.445
1.408
1.130
1.408
1.394
39
21.60
ROIC%
12.98
11.08
9.33
7.19
9.39
11.04
10.85
10.08
7.51
6.85
16.77
10.08
9.74
82
8.78
Return on equity%
12.66
12.75
14.29
16.09
15.63
15.36
14.90
16.16
16.35
19.00
28.23
16.16
15.49
77
24.66
Return on assets%
2.73
3.46
2.49
3.20
0.97
2.53
1.05
0.40
0.40
0.48
7.33
0.48
1.77
6
4.51
EPSNT$
3.04
2.87
2.58
2.69
2.76
2.83
2.60
2.48
2.30
2.44
5.03
(2.45%)
(3.64%)
—
23.28
EPS growth%
19.46
19.23
21.24
21.91
24.55
25.78
26.00
23.60
26.23
25.54
17.78
25.78
24.07
32
3.60
Bookvalue per shNT$
0.92
0.86
0.85
0.89
0.85
0.88
0.92
0.89
0.89
0.84
3.87
(0.18%)
(1.79%)
—
2.68
FCF per shareNT$
2.82
2.78
2.75
2.69
2.75
2.95
3.15
2.98
2.79
2.77
4.36
0.15%
(0.29%)
—
0.75
Dividend per shNT$
3.85
3.46
3.17
3.31
3.69
3.50
3.21
3.42
3.62
3.70
1.84
0.07%
0.67%
—
23.70
Div yield (avg)%
28.67
29.13
27.62
26.31
24.45
23.62
21.64
23.07
24.76
22.34
28.99
23.07
24.61
17
12.79
Payout ratio%
25.14
26.56
28.01
28.53
28.19
26.08
26.61
25.82
23.97
22.22
4.80
25.82
26.32
74
208.6
Shares (diluted)M
300.4
291.0
347.5
351.6
372.5
373.3
415.4
456.3
534.5
624.9
216.6
10.90%
7.90%
55
7.19
Buyback yield%
22.68
24.37
23.99
21.92
20.41
22.58
24.50
24.68
27.52
25.43
21.52
24.68
24.18
34
1.686
D/E ratiox
0.154
0.152
0.132
0.114
0.108
0.107
0.117
0.124
0.116
0.114
1.736
0.116
0.116
65
0.210
Enterprise valueNT$B
2.125
2.511
2.900
3.366
3.516
3.624
4.131
4.653
4.399
4.697
1.670
5.96%
8.28%
74
1.821
LT debtNT$B
3.129
3.479
3.628
3.666
4.223
4.853
4.743
5.429
5.381
6.055
2.216
7.48%
7.64%
39
Cost of revenue
6.53%
1.00×
Operating expenses
5.83%
0.93×
Property and equipment
18.14%
Spread over hurdle
(1.37%)