318.8
RevenueNT$M
490.3
507.7
537.1
570.1
592.3
612.5
641.9
679.4
720.3
771.2
339.3
5.42%
5.16%
20
4.03
Revenue growth%
0.40
1.52
0.40
0.40
1.42
0.40
0.40
0.40
1.29
0.40
21.20
0.40
0.40
86
25.36
Gross margin%
10.24
7.54
5.98
3.89
3.00
3.21
2.95
5.31
2.83
2.09
5.18
2.95
3.55
89
3.95
Operating margin%
11.17
12.56
11.57
12.73
12.25
15.16
16.71
13.73
14.13
12.76
5.30
14.13
12.74
8
11.49
Net margin%
7.15
8.56
9.83
10.49
8.98
7.40
5.19
2.91
3.11
1.06
15.31
3.11
7.27
45
31.51
P/E ratio (avg)x
28.34
30.20
30.55
33.51
33.89
33.88
38.42
41.36
43.49
49.00
29.94
41.36
33.89
71
17.24
EV/EBITx
22.05
23.60
23.90
24.79
23.86
26.59
25.30
26.74
25.35
25.61
15.79
25.61
25.05
32
21.41
FCF yield (avg)%
15.86
16.08
16.12
14.24
14.11
14.29
16.19
18.52
16.81
13.99
2.98
16.19
15.97
43
21.30
FCF margin%
3.09
5.67
5.54
8.32
8.01
6.80
7.64
10.22
8.63
7.32
17.73
7.64
7.48
25
1.301
FCF / Net incomex
0.311
0.319
0.275
0.276
0.287
0.311
0.287
0.263
0.236
0.220
1.426
0.263
0.281
30
5.84
ROIC%
25.41
25.99
27.83
29.44
29.63
29.66
30.26
31.91
29.12
31.88
20.86
30.26
29.53
89
2.61
Return on equity%
26.78
25.00
24.01
21.66
21.59
20.36
19.55
22.05
23.10
20.93
29.86
20.93
21.85
30
5.61
Return on assets%
3.71
5.37
7.86
8.10
8.13
9.59
10.47
9.39
6.71
6.48
12.95
9.39
7.98
43
1.41
EPSNT$
1.91
1.67
1.52
1.43
1.32
1.33
1.17
1.15
1.23
1.34
1.49
0.38%
(3.41%)
—
18.92
EPS growth%
25.29
27.35
24.50
22.63
20.86
19.24
18.59
19.94
22.70
22.95
15.97
19.94
22.66
73
1.75
Bookvalue per shNT$
1.35
1.49
1.69
1.78
1.84
1.85
2.14
2.56
2.53
2.70
2.23
7.93%
8.08%
—
2.45
FCF per shareNT$
2.17
2.51
2.64
2.85
2.66
3.05
3.21
3.38
3.35
3.75
2.09
7.09%
6.04%
—
2.13
Dividend per shNT$
2.11
2.12
2.38
2.71
3.12
3.59
4.11
4.88
4.79
5.27
0.91
11.04%
9.44%
—
2.70
Div yield (avg)%
8.25
11.15
9.83
10.99
10.99
12.00
13.11
13.48
13.60
14.64
7.99
13.48
11.58
92
17.27
Payout ratio%
0.40
2.01
1.40
2.70
4.38
2.50
1.35
2.19
0.40
1.20
3.66
1.35
1.71
34
80.21
Shares (diluted)M
130.3
144.6
143.0
146.3
170.6
197.7
199.5
209.5
236.1
230.1
81.32
6.17%
6.81%
87
23.88
Buyback yield%
24.57
26.25
25.34
25.27
23.55
21.55
21.88
21.34
23.66
23.77
5.31
21.88
23.72
59
1.015
D/E ratiox
2.019
2.283
2.542
2.782
3.233
3.262
3.553
3.735
4.013
3.916
1.625
3.735
3.247
92
0.488
Enterprise valueNT$B
0.629
0.685
0.742
0.869
1.017
1.013
1.090
1.136
1.345
1.598
0.607
9.46%
9.66%
12
247.2
LT debtNT$M
567.3
528.4
473.4
464.4
445.8
404.3
413.4
391.6
433.6
444.9
57.25
(0.04%)
(3.56%)
22
Cost of revenue
4.82%
0.97×
Operating expenses
6.32%
1.12×
Goodwill & intangibles
17.77%
Spread over hurdle
16.49%