1.581
RevenueNT$B
2.020
2.161
2.318
2.472
2.601
2.776
2.898
3.104
3.244
3.488
1.717
6.04%
6.51%
83
9.93
Revenue growth%
3.14
2.71
0.85
3.05
0.47
2.34
2.08
0.40
0.40
0.40
26.44
0.40
1.47
63
16.75
Gross margin%
0.92
2.76
5.10
5.26
7.01
4.96
5.98
5.99
6.05
8.07
20.48
5.99
5.62
21
9.88
Operating margin%
7.33
9.97
8.88
8.52
6.86
9.75
9.20
11.62
10.81
11.42
17.78
10.81
9.47
88
27.94
Net margin%
30.53
32.40
32.94
32.33
32.05
29.90
32.38
34.25
35.86
37.94
11.12
34.25
32.39
23
23.50
P/E ratio (avg)x
12.60
13.46
12.54
11.87
13.10
13.73
14.04
14.15
14.04
13.22
9.016
14.04
13.34
26
27.31
EV/EBITx
12.80
13.21
14.23
15.44
13.59
13.19
12.39
13.59
14.44
15.74
21.89
13.59
13.59
6
12.96
FCF yield (avg)%
6.38
8.83
6.26
3.48
1.78
4.04
2.01
1.56
2.74
4.77
29.51
2.74
3.76
91
11.15
FCF margin%
12.70
13.74
15.65
16.87
18.45
19.05
20.33
19.62
20.75
19.51
16.79
19.62
18.75
69
0.185
FCF / Net incomex
0.917
0.970
1.145
1.124
1.316
1.516
1.637
1.562
1.643
1.682
1.050
1.637
1.416
28
20.66
ROIC%
2.10
4.58
7.34
9.97
9.93
7.15
7.49
6.07
8.99
9.07
9.70
7.49
7.42
65
27.90
Return on equity%
34.33
33.99
35.03
36.21
34.79
36.78
36.50
35.03
34.17
36.43
25.00
36.43
35.03
32
7.26
Return on assets%
16.59
14.52
14.84
15.40
18.03
17.55
16.47
19.33
17.49
20.43
15.01
17.55
17.04
45
8.14
EPSNT$
27.49
28.45
29.49
33.68
32.65
39.12
41.58
43.75
44.02
43.64
8.38
5.97%
6.17%
—
5.99
EPS growth%
9.22
11.12
9.68
7.31
7.19
4.61
4.94
2.02
0.82
1.68
21.74
2.02
6.07
49
10.85
Bookvalue per shNT$
40.38
41.41
49.02
53.64
58.24
67.02
75.47
77.41
85.09
86.06
16.11
8.12%
8.11%
—
20.58
FCF per shareNT$
48.07
56.91
57.87
57.90
65.55
71.79
81.30
77.78
74.61
78.42
16.47
3.65%
5.00%
—
19.55
Dividend per shNT$
37.49
36.97
34.46
37.29
37.28
38.61
44.50
42.79
49.29
53.81
22.13
7.62%
3.56%
—
10.60
Div yield (avg)%
16.28
16.06
16.19
18.32
20.97
18.89
18.00
18.71
21.01
23.79
29.08
18.89
18.52
47
13.22
Payout ratio%
16.09
13.75
15.56
13.71
13.88
14.32
12.60
14.71
15.52
14.25
24.08
14.32
14.28
21
125.4
Shares (diluted)M
134.7
129.3
139.2
132.0
134.3
146.7
158.2
156.7
160.9
167.9
127.1
4.56%
1.64%
35
28.77
Buyback yield%
15.11
18.05
17.44
17.03
15.31
16.98
19.18
20.40
18.42
19.40
13.06
19.18
17.74
5
1.661
D/E ratiox
0.301
0.302
0.319
0.358
0.411
0.471
0.501
0.575
0.641
0.622
1.446
0.575
0.441
5
1.700
Enterprise valueNT$B
4.509
5.124
5.337
5.130
5.803
5.937
5.666
6.215
5.930
6.033
2.630
0.78%
3.65%
95
1.399
LT debtNT$B
1.354
1.474
1.454
1.611
1.514
1.707
1.574
1.717
1.875
2.065
0.948
6.40%
4.02%
46
Cost of revenue
6.17%
0.97×
Operating expenses
6.83%
1.03×
Property and equipment
20.63%
Goodwill & intangibles
17.48%
Spread over hurdle
16.77%