294.4
RevenueNT$M
238.6
259.5
276.0
300.9
326.9
357.6
391.7
417.4
449.5
496.6
306.9
8.72%
8.30%
50
24.53
Revenue growth%
6.27
6.05
5.64
3.21
4.90
2.27
0.54
0.40
0.40
2.58
6.72
0.54
2.89
28
11.42
Gross margin%
22.96
24.70
23.72
23.10
21.67
19.56
20.23
22.10
20.95
20.13
17.40
20.23
21.89
48
29.04
Operating margin%
7.09
8.90
9.68
10.68
10.25
10.36
12.07
14.57
12.02
10.83
7.89
12.02
10.52
76
25.05
Net margin%
4.92
7.82
9.13
11.61
12.96
14.94
16.03
18.04
17.80
16.76
8.61
16.76
13.95
35
13.04
P/E ratio (avg)x
19.38
22.08
23.90
26.26
26.90
28.91
32.94
30.32
27.76
28.90
32.80
28.91
27.33
87
8.542
EV/EBITx
41.49
40.67
44.97
48.90
49.42
51.64
55.55
59.26
67.04
65.21
8.471
59.26
50.53
13
10.94
FCF yield (avg)%
9.31
11.60
14.02
11.15
8.62
6.10
7.60
7.63
5.38
3.84
19.78
6.10
8.13
12
5.91
FCF margin%
17.20
18.78
21.10
22.80
23.36
22.02
20.64
18.39
19.83
22.61
15.11
20.64
20.87
16
0.835
FCF / Net incomex
1.658
1.630
1.843
1.797
1.931
2.216
2.596
2.824
3.146
3.685
1.582
2.824
2.073
72
2.14
ROIC%
7.62
10.00
10.07
12.96
12.05
14.25
13.47
11.09
8.96
8.56
27.27
11.09
10.58
74
5.67
Return on equity%
1.22
1.34
0.98
1.44
0.40
0.40
3.15
4.74
5.44
7.81
19.50
4.74
1.39
50
15.48
Return on assets%
18.88
20.93
22.40
20.24
22.35
21.57
20.66
17.70
20.60
22.05
25.65
20.66
20.80
78
0.79
EPSNT$
0.71
0.80
0.94
1.06
1.07
1.24
1.17
1.14
1.27
1.36
0.84
4.89%
8.08%
—
8.68
EPS growth%
21.24
23.93
22.75
23.47
24.47
23.04
20.07
20.50
19.95
20.88
23.94
20.50
21.99
92
1.86
Bookvalue per shNT$
0.80
0.78
0.92
1.12
1.21
1.34
1.40
1.70
1.79
1.90
1.39
9.48%
10.05%
—
1.22
FCF per shareNT$
1.22
1.25
1.31
1.47
1.59
1.63
1.65
1.60
1.66
1.95
1.38
4.08%
4.74%
—
1.45
Dividend per shNT$
1.11
1.22
1.26
1.20
1.35
1.40
1.57
1.51
1.49
1.35
0.90
0.07%
2.87%
—
20.33
Div yield (avg)%
3.32
0.61
0.98
0.40
0.40
0.40
0.95
0.40
1.39
0.40
18.41
0.40
0.51
90
29.58
Payout ratio%
6.22
6.92
5.20
7.85
8.85
8.14
6.93
9.12
9.98
11.45
27.42
9.12
7.99
92
69.99
Shares (diluted)M
71.75
81.56
84.60
91.33
100.1
97.22
99.20
101.8
102.6
98.67
66.27
(0.28%)
3.16%
27
13.52
Buyback yield%
19.01
18.70
21.12
18.89
19.84
21.42
20.55
19.98
19.86
22.54
3.49
20.55
19.92
28
1.389
D/E ratiox
0.993
0.894
0.830
0.781
0.820
0.770
0.756
0.792
0.753
0.762
1.659
0.762
0.787
56
415.8
Enterprise valueNT$M
165.0
184.5
213.6
218.7
247.8
291.9
306.2
327.8
336.4
387.0
267.8
9.32%
10.44%
87
182.0
LT debtNT$M
397.7
423.0
412.5
426.6
495.3
476.0
485.5
528.5
602.3
640.2
42.36
5.26%
6.55%
89
Cost of revenue
8.30%
1.00×
Operating expenses
8.00%
0.97×
Property and equipment
19.85%
Goodwill & intangibles
16.16%
Spread over hurdle
(4.32%)