22.50
RevenueNT$M
99.45
109.3
116.8
128.9
141.1
152.5
162.8
174.7
192.3
207.7
23.88
8.04%
8.61%
88
22.27
Revenue growth%
2.85
4.25
5.12
2.39
1.58
3.65
5.82
5.39
4.81
2.88
7.85
4.81
3.95
73
13.06
Gross margin%
10.35
11.02
11.59
9.66
8.79
7.77
7.17
4.68
3.65
1.86
7.08
4.68
8.28
48
11.43
Operating margin%
18.78
19.50
21.31
23.89
24.23
21.52
19.80
18.48
20.13
17.28
15.99
19.80
19.96
72
9.14
Net margin%
8.31
9.59
6.99
6.37
4.29
6.46
9.29
6.88
7.64
7.35
24.07
7.35
7.17
35
10.83
P/E ratio (avg)x
11.10
12.75
13.78
14.25
13.50
15.67
17.64
18.87
18.01
18.25
30.33
18.01
14.96
84
32.79
EV/EBITx
19.11
18.18
20.85
19.08
20.51
19.51
19.78
20.86
21.36
20.89
26.81
20.86
20.15
64
17.71
FCF yield (avg)%
21.84
21.84
21.53
23.37
24.91
25.59
23.59
25.10
26.17
28.43
21.53
25.59
24.25
90
23.48
FCF margin%
8.35
10.00
9.25
11.92
9.55
10.62
9.60
7.80
8.55
8.00
11.03
8.55
9.40
60
0.279
FCF / Net incomex
1.173
1.084
1.000
0.982
0.865
0.757
0.661
0.713
0.672
0.697
1.768
0.697
0.811
35
26.28
ROIC%
2.73
3.98
5.64
4.42
1.61
3.90
2.76
0.41
1.62
2.14
17.11
2.14
2.74
41
25.80
Return on equity%
22.55
25.12
25.73
25.30
24.01
25.20
23.21
24.83
23.84
23.13
20.20
23.84
24.42
20
24.85
Return on assets%
25.28
26.27
27.44
25.95
28.01
29.11
30.88
28.59
25.62
23.07
3.02
28.59
26.86
41
1.09
EPSNT$
0.31
0.28
0.31
0.32
0.35
0.38
0.41
0.44
0.42
0.48
1.15
6.85%
3.94%
—
21.10
EPS growth%
17.26
19.04
20.41
18.18
20.46
23.19
24.59
23.00
24.79
27.11
27.20
24.59
21.73
61
1.52
Bookvalue per shNT$
0.92
1.10
1.08
1.19
1.16
1.28
1.51
1.55
1.86
2.16
0.36
13.32%
9.66%
—
1.54
FCF per shareNT$
0.63
0.63
0.57
0.56
0.57
0.56
0.57
0.53
0.50
0.47
1.57
(3.78%)
(3.08%)
—
0.37
Dividend per shNT$
0.75
0.83
0.80
0.74
0.83
0.86
0.84
0.81
0.85
0.83
1.34
0.02%
0.48%
—
11.42
Div yield (avg)%
27.34
30.13
30.46
32.36
33.99
33.76
34.12
31.93
30.99
31.01
4.52
31.93
31.47
18
11.24
Payout ratio%
16.85
18.39
20.47
20.58
22.91
24.15
22.57
20.29
19.70
18.65
19.54
20.29
20.38
33
60.94
Shares (diluted)M
52.05
55.61
58.34
58.69
56.27
58.45
60.71
56.61
55.09
57.16
58.24
0.31%
1.22%
20
5.21
Buyback yield%
16.56
18.82
19.36
21.58
23.14
23.15
22.84
22.13
21.24
20.70
10.84
22.13
21.41
51
0.260
D/E ratiox
1.783
2.028
1.975
2.005
2.250
2.311
2.621
2.637
2.851
2.821
1.512
2.637
2.280
52
102.7
Enterprise valueNT$M
11.65
13.41
15.71
16.11
17.14
17.00
17.55
16.77
18.08
17.91
41.98
0.88%
4.87%
88
157.3
LT debtNT$M
125.4
132.6
141.2
137.3
149.1
166.9
171.7
188.8
198.1
198.3
54.66
5.87%
5.14%
84
Cost of revenue
8.51%
0.99×
Operating expenses
8.18%
0.96×
Cash and investments
19.17%
Property and equipment
13.35%
Spread over hurdle
12.57%