1.853
RevenueNT$B
1.839
1.983
2.130
2.290
2.397
2.503
2.578
2.781
2.975
3.073
1.975
5.09%
5.96%
6
14.02
Revenue growth%
22.90
23.13
21.74
21.71
21.28
24.06
22.83
21.79
24.12
23.59
19.53
23.59
22.87
74
2.87
Gross margin%
25.70
23.05
25.87
24.11
23.58
22.32
23.46
26.21
28.36
27.57
15.89
26.21
24.90
29
14.37
Operating margin%
33.67
34.79
34.55
32.37
31.97
34.35
31.86
33.24
32.91
30.46
28.68
32.91
33.07
67
5.30
Net margin%
20.41
23.40
23.56
23.28
21.25
22.97
24.74
23.10
20.88
21.16
4.92
22.97
23.03
69
7.644
P/E ratio (avg)x
37.23
38.81
37.99
40.28
43.86
47.32
45.59
48.46
45.94
43.44
37.43
45.94
43.65
78
12.10
EV/EBITx
30.33
32.40
38.10
43.31
44.05
45.33
50.22
48.32
51.85
58.51
19.43
50.22
44.69
92
14.26
FCF yield (avg)%
21.46
19.23
17.58
16.77
18.41
18.91
18.21
17.65
20.19
20.83
6.56
18.91
18.66
18
28.45
FCF margin%
6.14
7.57
9.70
9.44
8.98
10.74
11.93
11.72
12.06
12.60
27.51
11.93
10.22
21
1.293
FCF / Net incomex
0.132
0.121
0.105
0.102
0.095
0.091
0.091
0.095
0.095
0.091
0.837
0.091
0.095
26
4.24
ROIC%
0.40
2.42
1.34
0.40
0.40
2.49
0.89
0.54
3.27
1.92
5.89
1.92
1.12
7
9.40
Return on equity%
6.66
4.85
4.01
1.68
1.62
3.15
3.40
4.66
4.00
2.17
4.20
3.40
3.70
32
15.85
Return on assets%
20.02
17.28
18.49
19.48
21.84
21.46
19.03
21.91
23.51
22.40
20.20
21.91
20.74
38
7.56
EPSNT$
16.57
17.99
20.42
23.24
27.16
26.58
29.72
31.04
32.02
37.61
8.32
6.73%
8.78%
—
7.25
EPS growth%
21.51
19.09
20.67
18.41
18.00
20.25
18.99
19.79
17.10
15.69
11.13
18.99
19.04
26
18.78
Bookvalue per shNT$
4.88
4.66
5.25
5.69
5.78
5.46
5.89
6.68
6.29
7.34
14.18
4.89%
4.48%
—
17.47
FCF per shareNT$
13.47
15.53
16.30
17.33
18.65
18.29
17.56
16.26
15.01
16.61
15.52
(2.29%)
2.60%
—
3.53
Dividend per shNT$
19.45
19.76
22.43
22.66
25.75
28.88
32.78
35.70
40.50
41.01
18.73
9.76%
9.04%
—
2.72
Div yield (avg)%
18.17
16.09
15.93
17.71
18.54
20.01
20.47
17.71
17.10
18.72
13.02
18.72
17.94
8
9.88
Payout ratio%
6.64
9.17
8.97
10.12
12.12
12.12
10.19
9.45
7.09
5.16
20.35
9.45
9.31
89
65.07
Shares (diluted)M
56.86
59.35
60.88
66.45
73.02
70.73
69.49
73.48
70.93
67.02
65.85
(1.70%)
1.06%
19
26.90
Buyback yield%
12.00
9.09
8.03
8.85
7.67
6.35
5.79
7.80
10.66
11.20
18.25
7.80
8.44
75
0.565
D/E ratiox
0.836
0.970
1.093
1.292
1.524
1.628
1.654
1.654
1.969
2.304
1.068
1.654
1.576
34
0.316
Enterprise valueNT$B
0.412
0.442
0.417
0.399
0.374
0.328
0.336
0.325
0.297
0.263
1.055
(6.79%)
(5.16%)
94
0.130
LT debtNT$B
0.322
0.377
0.410
0.488
0.488
0.474
0.504
0.493
0.484
0.562
1.809
2.85%
6.32%
73
Cost of revenue
5.91%
0.99×
Operating expenses
6.16%
1.02×
Cash and investments
20.86%
Spread over hurdle
28.98%