471.2
RevenueNT$M
454.1
471.0
497.0
514.5
541.3
577.3
602.9
631.1
656.4
671.1
520.3
4.39%
4.68%
71
21.73
Revenue growth%
24.49
24.33
27.21
28.06
28.80
29.77
32.06
34.01
35.79
38.33
6.02
34.01
29.28
60
8.82
Gross margin%
26.61
27.88
29.24
29.12
26.54
28.68
26.72
27.76
28.85
26.77
17.63
27.76
27.82
34
7.57
Operating margin%
13.45
12.67
10.25
7.41
4.77
5.96
7.48
4.59
4.00
5.40
23.44
5.40
6.69
88
13.28
Net margin%
7.86
8.95
9.99
11.87
9.38
11.96
13.22
15.63
17.92
16.59
3.98
15.63
11.91
19
34.88
P/E ratio (avg)x
18.86
21.02
24.30
25.74
30.78
32.14
35.69
40.05
41.07
45.55
31.37
40.05
31.46
20
36.27
EV/EBITx
11.22
10.09
10.06
10.54
11.65
12.29
12.50
12.78
13.30
13.69
12.23
12.78
11.97
50
22.08
FCF yield (avg)%
15.96
14.84
15.06
16.70
17.81
15.01
15.48
14.87
15.16
17.36
24.97
15.16
15.32
43
17.94
FCF margin%
11.23
12.25
14.78
17.39
17.49
17.45
18.82
20.82
22.72
19.92
12.45
19.92
17.47
6
0.909
FCF / Net incomex
2.698
3.047
3.145
3.482
3.826
3.811
4.421
4.249
4.786
5.139
1.518
4.421
3.818
26
8.07
ROIC%
18.87
15.88
16.35
14.43
14.84
16.38
16.14
18.90
16.30
19.01
28.66
16.38
16.32
18
12.26
Return on equity%
17.79
17.87
15.94
16.37
18.57
17.15
19.71
18.37
19.45
18.18
17.78
18.37
18.03
62
14.46
Return on assets%
24.89
26.80
28.81
29.81
27.53
27.18
29.86
29.58
26.99
27.98
16.11
27.98
27.76
28
2.66
EPSNT$
2.28
2.20
2.18
2.48
2.69
3.04
3.02
3.41
3.96
3.97
2.95
8.11%
6.98%
—
6.17
EPS growth%
12.85
15.41
15.73
18.46
20.73
23.11
25.51
24.71
26.20
24.14
2.42
24.71
21.92
60
2.13
Bookvalue per shNT$
1.28
1.14
1.14
1.00
1.03
1.11
1.17
1.24
1.34
1.37
2.48
5.88%
1.08%
—
1.25
FCF per shareNT$
3.01
2.91
3.21
2.99
2.72
2.49
2.29
2.26
2.30
2.07
1.92
(5.27%)
(4.63%)
—
1.23
Dividend per shNT$
1.26
1.31
1.43
1.50
1.62
1.71
1.68
1.78
1.67
1.51
2.04
(1.35%)
0.90%
—
24.61
Div yield (avg)%
22.19
21.59
23.22
26.21
25.26
26.42
29.06
28.10
27.74
30.30
12.92
28.10
26.32
7
10.59
Payout ratio%
13.73
16.32
14.54
11.69
13.53
12.80
13.46
13.46
15.66
14.02
7.41
13.46
13.63
63
142.4
Shares (diluted)M
172.1
184.0
203.5
232.9
275.0
308.2
341.1
340.9
352.4
347.0
142.4
4.77%
7.39%
33
15.45
Buyback yield%
7.54
4.85
4.94
5.41
7.57
5.90
8.72
11.18
9.75
10.52
4.75
9.75
7.56
92
1.315
D/E ratiox
1.336
1.372
1.437
1.466
1.765
2.103
2.318
2.366
2.821
2.805
1.370
2.366
1.934
55
480.9
Enterprise valueNT$M
294.1
315.8
367.8
371.4
443.1
462.4
546.1
572.7
602.9
652.1
462.8
8.03%
9.64%
38
205.1
LT debtNT$M
188.7
180.6
190.3
178.0
187.6
197.1
181.0
166.0
151.3
138.8
81.57
(5.85%)
(3.55%)
71
Cost of revenue
4.60%
0.99×
Operating expenses
5.28%
1.06×
Cash and investments
17.74%
Goodwill & intangibles
14.03%
Spread over hurdle
16.08%