1.916
RevenueNT$B
4.739
5.018
5.338
5.698
5.962
6.334
6.784
7.205
7.432
8.021
2.039
6.11%
5.87%
75
27.03
Revenue growth%
15.42
17.72
18.13
20.88
21.47
18.61
19.72
18.44
20.43
18.72
23.98
18.72
18.67
16
20.83
Gross margin%
5.57
5.54
6.61
7.46
6.58
7.63
7.32
9.47
7.54
6.18
28.36
7.54
6.96
20
6.34
Operating margin%
28.99
31.44
28.46
28.12
26.40
28.68
28.46
31.34
33.79
30.93
3.07
30.93
28.84
12
6.86
Net margin%
19.04
21.94
19.80
18.07
16.56
15.96
17.21
17.37
17.69
15.50
13.91
17.21
17.53
55
31.54
P/E ratio (avg)x
35.01
35.17
39.15
37.22
34.99
30.80
28.82
30.81
33.14
30.42
8.175
30.80
34.07
75
20.20
EV/EBITx
21.66
18.82
18.72
18.58
19.82
19.92
21.74
19.30
17.31
15.95
24.75
19.30
19.06
74
17.43
FCF yield (avg)%
6.30
7.72
10.06
11.07
11.91
11.23
10.98
8.08
8.02
7.69
5.55
8.08
9.07
15
10.04
FCF margin%
27.47
25.22
22.72
21.17
19.70
22.49
25.44
26.43
27.96
29.10
14.92
26.43
25.33
48
0.566
FCF / Net incomex
2.105
2.398
2.583
2.959
2.808
2.646
2.512
2.654
3.120
3.560
1.139
2.654
2.650
15
18.35
ROIC%
31.56
28.90
28.48
27.21
29.49
28.98
26.10
25.91
28.78
29.10
26.55
28.78
28.84
86
10.54
Return on equity%
30.63
29.41
30.61
30.84
29.98
27.67
29.01
30.59
29.39
30.32
16.31
29.39
30.15
78
26.14
Return on assets%
13.87
15.74
15.59
16.20
15.29
17.75
17.32
20.08
21.28
18.33
4.93
18.33
16.76
23
5.25
EPSNT$
7.57
6.58
5.82
6.25
6.06
6.08
6.23
5.70
6.18
6.43
5.68
1.19%
(2.22%)
—
16.28
EPS growth%
4.78
3.56
1.92
3.18
2.57
3.59
3.09
3.18
5.43
5.40
20.49
3.59
3.37
81
14.67
Bookvalue per shNT$
12.16
12.34
13.58
15.57
17.20
18.02
21.73
21.97
22.14
23.54
8.08
6.48%
7.81%
—
6.95
FCF per shareNT$
7.73
6.96
7.04
7.33
7.73
7.10
6.58
5.68
5.55
6.01
14.66
(4.91%)
(2.95%)
—
12.67
Dividend per shNT$
5.66
6.08
5.69
5.12
4.56
4.42
4.50
4.24
4.42
4.78
5.48
0.93%
(1.49%)
—
8.50
Div yield (avg)%
17.14
17.63
19.07
17.28
14.92
16.66
14.97
16.23
18.26
20.39
15.31
16.66
17.21
81
27.84
Payout ratio%
21.35
19.16
21.98
20.36
22.79
21.07
18.53
15.88
16.28
16.86
23.73
16.86
19.76
29
194.9
Shares (diluted)M
266.9
278.9
279.3
264.1
281.4
303.7
283.9
319.7
345.2
340.6
190.1
3.89%
3.46%
83
2.02
Buyback yield%
15.74
18.67
17.21
19.64
19.72
18.36
19.64
17.95
20.01
19.97
23.86
19.64
19.15
8
1.117
D/E ratiox
2.194
2.581
2.574
2.475
2.691
2.959
3.425
3.828
3.975
4.190
1.699
3.828
2.825
11
1.840
Enterprise valueNT$B
2.705
3.048
3.465
3.397
4.004
4.602
4.737
5.214
5.971
6.848
5.593
11.33%
10.49%
50
0.823
LT debtNT$B
6.139
5.772
6.429
6.117
6.606
6.260
6.936
6.502
6.623
7.133
4.813
1.54%
2.92%
84
Cost of revenue
5.65%
0.98×
Operating expenses
6.04%
1.02×
Goodwill & intangibles
16.81%
Spread over hurdle
(0.52%)