1.045
RevenueNT$B
1.866
1.985
2.158
2.251
2.393
2.593
2.824
3.075
3.262
3.437
1.139
7.51%
6.85%
81
15.62
Revenue growth%
7.82
5.49
4.00
3.38
2.65
2.02
0.40
0.79
2.37
4.11
19.24
2.02
3.01
14
3.80
Gross margin%
21.68
23.20
21.61
19.03
20.35
20.61
21.44
21.89
21.95
22.86
8.11
21.89
21.64
22
13.27
Operating margin%
22.84
24.36
22.50
22.26
21.31
18.58
19.74
17.62
19.52
21.91
29.10
19.52
21.61
86
24.30
Net margin%
1.08
0.40
0.40
3.04
0.40
0.44
2.63
1.18
0.40
0.40
16.05
0.44
0.42
34
31.06
P/E ratio (avg)x
39.28
39.67
45.66
51.73
57.14
54.06
50.65
52.14
58.34
55.48
28.76
54.06
51.93
39
6.728
EV/EBITx
20.03
21.22
19.13
21.54
20.84
21.53
19.71
19.12
20.57
18.45
19.77
19.71
20.30
50
23.61
FCF yield (avg)%
11.77
11.02
12.43
11.10
9.39
8.27
11.03
8.97
10.90
11.49
28.18
10.90
11.03
5
3.59
FCF margin%
20.98
21.27
19.80
18.83
20.73
19.08
20.74
20.88
19.74
19.95
23.58
19.95
20.34
25
1.665
FCF / Net incomex
1.947
2.059
2.090
2.151
2.195
2.193
2.235
2.366
2.554
2.543
1.409
2.366
2.194
31
22.79
ROIC%
20.05
21.40
19.21
20.68
20.20
18.00
15.89
16.65
15.56
14.15
6.83
15.89
18.61
69
4.73
Return on equity%
8.24
6.16
4.42
2.81
1.62
0.40
0.40
2.74
5.26
3.01
24.20
2.74
2.91
35
26.54
Return on assets%
12.01
9.75
12.64
15.31
13.80
12.00
12.79
13.24
11.52
13.48
28.93
12.79
12.72
9
3.32
EPSNT$
2.58
2.36
2.10
2.23
2.13
2.36
2.61
2.49
2.74
2.44
3.65
2.77%
(1.73%)
—
22.72
EPS growth%
14.88
14.61
15.43
16.93
18.18
18.20
20.63
19.67
20.45
20.23
11.93
20.23
18.19
54
2.05
Bookvalue per shNT$
4.17
4.50
4.46
4.40
4.42
5.38
5.63
6.65
6.62
7.57
0.45
11.35%
7.68%
—
0.89
FCF per shareNT$
0.94
0.92
0.94
0.94
0.96
0.99
1.11
1.18
1.35
1.55
1.69
10.21%
5.85%
—
1.13
Dividend per shNT$
3.29
3.33
3.58
4.07
4.35
5.12
5.11
4.84
5.04
5.97
3.01
6.55%
6.01%
—
14.34
Div yield (avg)%
25.02
25.58
25.81
25.46
26.64
28.45
29.42
26.76
29.39
31.78
3.37
29.39
26.70
73
13.07
Payout ratio%
13.70
14.09
11.24
9.47
12.32
14.92
12.91
12.00
9.31
8.17
23.57
12.00
12.16
42
184.9
Shares (diluted)M
138.6
132.0
128.6
110.6
117.8
103.8
99.13
108.2
96.06
96.87
180.9
(3.84%)
(2.83%)
62
10.31
Buyback yield%
11.83
9.37
8.16
9.73
9.75
11.24
9.61
10.44
10.54
11.68
29.59
10.54
10.09
84
1.407
D/E ratiox
1.611
1.653
1.740
1.796
2.007
2.052
2.125
2.295
2.491
2.863
0.461
2.295
2.030
69
2.414
Enterprise valueNT$B
2.369
2.597
2.795
2.695
3.021
2.791
2.688
2.963
3.093
3.479
0.818
2.86%
5.30%
51
0.134
LT debtNT$B
0.803
0.802
0.847
0.802
0.847
0.847
0.878
0.870
0.758
0.647
2.186
(5.25%)
(2.07%)
50
Cost of revenue
6.88%
1.00×
Operating expenses
7.47%
1.06×
Goodwill & intangibles
17.45%
Spread over hurdle
34.86%