428.2
RevenueNT$M
385.2
412.1
441.7
480.8
519.0
570.8
612.9
663.1
716.8
789.2
452.8
8.74%
8.06%
80
18.14
Revenue growth%
3.39
5.51
4.89
6.72
3.86
4.90
5.88
8.57
9.58
8.28
22.35
8.28
5.69
43
23.46
Gross margin%
24.42
27.30
27.87
26.83
24.17
23.17
22.49
21.41
23.10
25.53
25.07
23.10
24.30
64
3.90
Operating margin%
7.87
5.75
4.99
3.42
3.26
1.44
3.22
0.40
3.35
1.61
25.09
1.61
3.30
15
4.04
Net margin%
2.89
0.40
0.40
0.40
0.40
2.87
1.88
0.40
3.17
3.23
10.87
2.87
1.14
48
24.61
P/E ratio (avg)x
65.10
74.68
86.46
94.74
92.37
100.5
103.7
110.0
120.4
131.6
26.70
110.0
97.64
86
15.56
EV/EBITx
12.54
12.24
14.03
14.99
16.08
18.26
17.94
21.16
24.57
26.14
13.37
21.16
17.01
36
23.28
FCF yield (avg)%
24.84
23.31
23.62
23.90
24.20
21.38
22.99
25.14
26.96
24.57
14.34
24.57
24.05
53
24.51
FCF margin%
18.74
17.31
15.44
12.55
12.18
12.64
11.41
11.51
9.71
7.62
11.10
11.41
12.36
51
0.834
FCF / Net incomex
1.224
1.222
1.318
1.269
1.264
1.198
1.083
1.044
1.078
1.007
1.100
1.078
1.210
11
12.34
ROIC%
10.27
9.78
10.71
8.83
8.82
8.07
8.42
6.25
5.01
2.13
11.26
6.25
8.62
50
8.22
Return on equity%
2.85
0.40
0.40
1.20
0.40
0.40
1.40
0.40
0.40
1.76
2.63
0.40
0.40
79
18.90
Return on assets%
6.86
3.91
5.70
5.28
6.87
6.46
6.48
4.15
4.64
1.75
23.62
4.64
5.49
86
1.29
EPSNT$
0.94
1.04
1.13
1.19
1.32
1.31
1.51
1.73
1.90
2.00
1.44
8.64%
8.15%
—
24.21
EPS growth%
24.25
27.15
24.43
24.37
21.66
19.17
22.11
20.23
20.91
21.23
12.77
20.91
21.88
89
1.69
Bookvalue per shNT$
2.29
2.25
2.30
2.41
2.36
2.08
2.22
2.31
2.38
2.55
1.70
1.58%
0.26%
—
1.53
FCF per shareNT$
1.93
2.00
2.10
2.11
2.15
2.33
2.22
2.16
2.32
2.11
1.57
(0.36%)
0.76%
—
1.26
Dividend per shNT$
2.31
2.31
2.56
2.78
3.21
3.26
3.66
3.96
4.50
4.53
1.32
7.16%
8.34%
—
13.61
Div yield (avg)%
3.58
1.72
0.40
2.40
1.31
0.40
0.40
0.40
0.40
0.40
16.19
0.40
0.40
66
27.14
Payout ratio%
17.93
17.87
16.08
16.83
14.60
13.79
16.53
18.35
16.79
13.86
26.44
16.53
16.66
90
181.4
Shares (diluted)M
188.4
194.6
192.4
169.8
179.7
184.0
155.7
161.6
174.6
156.8
180.7
(2.69%)
(1.25%)
31
16.96
Buyback yield%
14.04
11.54
11.22
8.87
11.18
13.92
16.57
15.81
17.56
17.55
13.29
16.57
13.98
54
0.346
D/E ratiox
1.316
1.495
1.608
1.836
1.803
2.127
2.160
2.604
2.715
2.865
0.370
2.604
1.982
62
198.2
Enterprise valueNT$M
96.67
96.28
103.9
108.6
118.4
129.0
115.8
103.1
97.73
98.44
696.5
(3.63%)
(0.31%)
93
0.490
LT debtNT$B
0.860
0.888
1.008
1.113
1.252
1.447
1.364
1.361
1.425
1.643
0.185
5.59%
6.93%
43
Cost of revenue
7.48%
0.95×
Operating expenses
8.81%
1.07×
Goodwill & intangibles
19.17%
Spread over hurdle
(1.14%)