2.651
RevenueNT$B
1.475
1.544
1.591
1.623
1.721
1.827
1.929
1.978
2.076
2.178
2.728
4.82%
4.35%
55
11.08
Revenue growth%
21.51
23.79
25.55
28.26
29.05
31.70
34.31
32.64
34.78
34.42
17.33
34.31
30.37
77
5.91
Gross margin%
8.20
6.69
6.03
3.29
4.35
4.36
5.73
5.93
5.29
6.77
8.17
5.73
5.83
28
26.81
Operating margin%
26.62
23.85
26.58
26.88
27.11
29.54
31.51
33.90
34.45
32.22
4.83
32.22
28.33
8
7.27
Net margin%
16.98
18.20
19.13
18.91
20.15
21.21
20.76
19.56
20.38
21.80
22.64
20.76
19.85
40
31.30
P/E ratio (avg)x
23.68
23.32
20.67
18.73
17.98
17.01
16.09
17.78
17.91
18.64
15.79
17.78
18.31
58
19.67
EV/EBITx
54.67
56.04
55.90
65.41
69.64
79.85
85.76
88.34
101.8
115.8
8.738
88.34
74.74
24
24.00
FCF yield (avg)%
14.44
14.84
13.22
11.54
12.89
13.34
10.86
8.85
11.84
14.23
24.54
11.84
13.06
58
6.83
FCF margin%
31.21
29.53
29.99
28.30
28.60
28.37
29.02
31.62
29.80
27.73
2.30
29.02
29.27
20
1.244
FCF / Net incomex
1.649
1.839
1.806
1.827
2.050
2.135
2.236
2.352
2.245
2.500
1.788
2.245
2.093
63
15.43
ROIC%
21.74
22.52
25.03
26.05
23.47
24.25
22.76
20.43
19.78
17.67
2.31
20.43
22.64
24
5.31
Return on equity%
3.48
5.27
7.98
6.73
9.58
7.14
6.43
6.80
4.35
2.84
27.81
6.43
6.58
88
6.77
Return on assets%
0.49
0.40
3.11
1.69
3.10
4.01
1.25
0.40
2.91
0.41
2.04
1.25
1.47
6
0.43
EPSNT$
0.95
0.93
0.81
0.77
0.69
0.64
0.69
0.65
0.63
0.57
0.47
(3.63%)
(4.95%)
—
20.56
EPS growth%
2.75
4.50
4.50
4.51
6.97
8.62
8.93
9.20
11.65
9.26
21.25
9.20
7.79
41
0.94
Bookvalue per shNT$
3.29
3.29
3.02
3.22
3.37
3.16
2.94
2.65
2.60
2.49
2.10
(5.90%)
(2.22%)
—
2.67
FCF per shareNT$
0.87
0.84
0.93
0.86
0.78
0.88
0.95
1.04
1.06
0.99
1.19
5.02%
1.99%
—
3.04
Dividend per shNT$
1.11
1.05
1.01
1.01
1.00
0.91
0.82
0.87
0.98
1.04
0.97
0.77%
0.25%
—
8.33
Div yield (avg)%
26.81
25.56
25.51
23.16
23.30
24.25
23.15
24.61
26.79
29.48
12.09
24.61
25.06
12
17.92
Payout ratio%
25.71
26.10
23.70
21.19
22.99
25.20
28.12
28.04
27.78
29.96
5.90
28.04
25.90
15
196.6
Shares (diluted)M
195.5
221.9
247.8
237.5
222.4
204.5
235.3
238.9
240.9
268.0
193.6
3.80%
2.63%
63
2.88
Buyback yield%
5.28
5.88
6.95
6.39
4.25
5.31
5.10
5.93
5.33
4.08
17.16
5.31
5.32
7
0.421
D/E ratiox
1.730
1.868
1.960
2.092
2.296
2.707
2.873
2.812
2.796
2.974
0.379
2.812
2.501
22
1.047
Enterprise valueNT$B
1.429
1.556
1.665
1.594
1.606
1.710
2.001
2.175
2.073
2.105
2.526
5.57%
3.77%
78
0.576
LT debtNT$B
3.826
4.012
3.991
4.591
4.570
5.428
5.825
5.651
6.650
7.197
2.573
9.51%
7.65%
86
Cost of revenue
4.18%
0.98×
Operating expenses
5.34%
1.10×
Cash and investments
16.12%
Spread over hurdle
(2.85%)