2.440
RevenueNT$B
3.468
3.730
3.961
4.255
4.485
4.703
5.045
5.413
5.777
6.155
2.626
6.54%
6.55%
70
7.60
Revenue growth%
15.10
14.06
11.70
10.77
13.17
15.82
13.51
11.00
11.51
13.02
14.11
13.02
13.09
88
10.68
Gross margin%
14.62
16.36
16.83
15.95
13.24
12.12
11.91
11.34
10.64
13.44
10.19
11.91
13.34
84
17.16
Operating margin%
26.34
27.26
26.13
24.91
24.43
25.31
24.85
26.81
29.76
31.91
13.22
26.81
26.24
68
25.58
Net margin%
4.34
4.73
5.12
3.10
1.24
0.40
1.09
3.17
5.69
6.89
23.96
3.17
3.75
41
31.97
P/E ratio (avg)x
5.797
5.125
4.616
4.269
4.315
4.480
4.223
4.226
3.800
3.682
36.80
4.223
4.292
53
12.94
EV/EBITx
19.90
18.21
16.09
14.22
15.36
13.68
14.47
15.09
15.75
16.41
19.30
15.09
15.56
26
28.12
FCF yield (avg)%
10.79
9.15
11.57
9.67
12.46
14.67
16.22
15.71
18.69
17.80
24.39
16.22
13.57
87
23.69
FCF margin%
7.59
6.12
7.38
7.25
7.48
9.03
11.81
10.45
10.77
12.46
12.89
10.77
8.31
26
0.706
FCF / Net incomex
1.667
1.880
1.863
1.841
1.994
2.122
2.408
2.511
2.694
2.747
0.780
2.511
2.058
86
23.21
ROIC%
12.50
11.84
14.20
12.21
12.73
12.81
13.16
11.09
10.09
9.07
24.50
11.09
12.35
75
7.45
Return on equity%
0.40
3.10
2.68
0.40
1.40
0.40
2.96
4.11
1.30
3.61
24.71
2.96
2.04
30
10.52
Return on assets%
21.62
23.94
25.92
26.38
28.37
26.28
26.78
27.27
29.70
27.95
9.58
27.27
26.58
93
6.65
EPSNT$
6.02
5.85
5.56
5.43
4.90
5.32
4.85
5.07
5.07
5.11
7.01
0.84%
(0.90%)
—
24.15
EPS growth%
19.61
18.05
17.46
16.02
14.89
14.60
15.97
13.73
11.86
10.44
11.38
13.73
15.43
43
4.69
Bookvalue per shNT$
10.70
11.46
10.97
10.15
10.08
10.22
10.26
11.41
12.61
11.88
5.42
3.35%
2.24%
—
5.85
FCF per shareNT$
4.92
4.94
4.98
5.52
5.97
6.10
6.33
6.92
6.73
7.29
7.56
4.08%
4.47%
—
8.44
Dividend per shNT$
11.26
11.35
12.87
15.11
15.96
18.24
20.14
20.58
22.14
25.08
7.61
9.45%
8.46%
—
6.72
Div yield (avg)%
14.62
16.26
13.65
10.94
8.75
7.14
8.09
5.72
6.32
6.61
2.22
6.61
8.42
56
3.59
Payout ratio%
1.70
0.96
2.73
2.19
3.04
4.34
3.29
3.73
3.59
5.41
4.47
3.73
3.16
66
152.1
Shares (diluted)M
161.8
182.2
193.6
185.8
206.8
209.2
232.8
242.5
239.3
227.1
144.6
1.88%
2.92%
37
2.89
Buyback yield%
19.16
17.59
15.68
17.58
16.11
14.94
15.26
15.33
13.03
13.61
12.62
14.94
15.50
30
0.727
D/E ratiox
1.185
1.289
1.400
1.343
1.486
1.378
1.411
1.388
1.567
1.488
1.100
1.411
1.394
6
4.820
Enterprise valueNT$B
4.474
4.653
5.421
5.810
5.861
6.196
5.987
5.605
6.458
6.619
3.123
2.46%
4.87%
5
2.580
LT debtNT$B
2.821
2.645
2.928
3.238
3.604
3.443
3.608
3.862
4.241
4.141
0.829
2.81%
2.84%
74
Cost of revenue
6.55%
1.00×
Operating expenses
6.95%
1.04×
Cash and investments
15.29%
Spread over hurdle
(0.21%)