1.515
RevenueNT$B
0.927
0.983
1.050
1.088
1.143
1.188
1.259
1.335
1.390
1.458
1.628
5.00%
5.38%
14
17.97
Revenue growth%
1.37
0.40
0.40
0.40
0.59
0.88
2.61
3.00
3.92
3.28
26.31
3.00
1.12
42
28.63
Gross margin%
16.69
19.45
18.33
18.98
19.87
21.37
19.98
18.26
16.04
13.48
6.37
18.26
18.66
28
19.40
Operating margin%
3.49
4.17
6.55
6.85
4.14
5.35
5.51
8.17
6.03
4.90
17.18
5.51
5.43
42
22.44
Net margin%
13.22
12.84
13.61
16.08
17.80
15.16
16.66
16.19
16.95
16.51
13.14
16.51
16.14
68
36.64
P/E ratio (avg)x
17.22
15.65
16.74
15.39
15.81
14.58
14.69
15.28
13.37
14.15
30.25
14.58
15.34
61
6.736
EV/EBITx
34.48
38.89
37.20
37.56
36.93
38.11
42.73
49.76
56.69
58.46
22.10
49.76
38.50
12
6.64
FCF yield (avg)%
24.84
24.04
24.26
23.40
24.34
26.31
24.92
25.64
28.27
26.47
4.75
26.31
24.88
48
23.62
FCF margin%
22.85
22.17
22.04
22.68
22.92
21.65
19.83
19.17
18.72
20.88
6.51
19.83
21.85
64
1.189
FCF / Net incomex
1.177
1.107
1.178
1.345
1.271
1.279
1.300
1.365
1.350
1.236
0.474
1.300
1.275
54
3.93
ROIC%
33.09
35.23
37.81
35.62
37.31
39.05
38.45
35.89
37.68
35.88
15.41
37.68
36.60
46
19.91
Return on equity%
30.82
33.76
31.60
32.63
33.65
34.34
32.40
29.75
29.15
27.07
13.70
29.75
32.00
31
5.22
Return on assets%
20.15
18.24
18.64
16.85
16.12
16.79
15.05
16.49
14.28
12.46
14.29
15.05
16.64
39
1.27
EPSNT$
1.06
1.00
0.99
1.10
1.04
0.96
0.95
0.96
1.06
1.17
1.41
2.37%
0.29%
—
27.88
EPS growth%
22.83
20.27
22.01
20.73
18.29
16.53
17.07
17.71
18.93
19.43
21.23
17.71
19.18
55
1.06
Bookvalue per shNT$
0.87
0.99
1.12
1.13
1.12
1.21
1.36
1.51
1.49
1.73
0.93
9.03%
7.22%
—
0.55
FCF per shareNT$
1.40
1.45
1.59
1.77
1.54
1.66
1.67
1.82
1.81
1.69
0.20
1.80%
1.06%
—
0.97
Dividend per shNT$
1.06
1.10
1.16
1.28
1.23
1.31
1.47
1.36
1.28
1.43
0.44
3.01%
3.16%
—
2.53
Div yield (avg)%
0.89
0.40
0.40
2.16
4.70
4.15
3.24
0.40
0.40
0.40
22.35
0.40
0.64
80
9.36
Payout ratio%
8.42
6.81
9.22
7.76
6.74
7.06
10.00
7.77
6.38
5.91
25.55
7.06
7.41
38
497.7
Shares (diluted)M
502.9
494.2
513.4
561.5
583.1
576.2
651.4
675.8
649.4
650.2
491.1
2.20%
2.39%
77
26.75
Buyback yield%
6.15
4.77
2.19
2.07
0.40
0.40
0.40
1.69
0.40
0.40
2.39
0.40
1.05
72
1.683
D/E ratiox
2.107
2.247
2.256
2.462
2.319
2.336
2.303
2.423
2.527
2.668
0.619
2.423
2.328
55
0.214
Enterprise valueNT$B
1.775
1.999
2.038
2.156
2.568
2.508
2.529
2.946
3.100
3.283
1.415
5.03%
7.50%
81
779.7
LT debtNT$M
758.0
753.9
647.5
632.9
602.4
607.7
560.3
530.0
573.5
502.0
699.5
(3.58%)
(5.06%)
53
Cost of revenue
5.56%
1.02×
Operating expenses
4.67%
0.93×
Spread over hurdle
13.15%