4.715
RevenueNT$B
2.883
3.133
3.384
3.601
3.913
4.293
4.656
5.067
5.566
5.952
5.181
8.75%
8.41%
65
21.99
Revenue growth%
9.79
6.84
4.26
3.95
5.00
4.30
5.06
2.82
2.53
0.60
10.63
2.82
4.28
12
9.01
Gross margin%
6.35
6.32
7.01
7.88
9.38
8.51
6.60
7.40
6.29
8.67
8.79
7.40
7.21
78
26.06
Operating margin%
15.26
14.84
12.13
12.64
12.01
9.74
10.25
13.18
13.83
12.82
25.73
12.82
12.73
5
26.84
Net margin%
25.45
24.74
24.11
24.59
27.52
25.04
25.17
27.28
24.70
27.44
25.77
25.17
25.10
27
28.42
P/E ratio (avg)x
28.50
26.83
26.18
28.47
29.80
28.53
26.25
25.28
23.78
23.17
33.46
25.28
26.54
25
34.20
EV/EBITx
28.68
26.15
28.46
28.42
25.21
23.86
21.67
20.72
20.48
22.80
12.18
21.67
24.54
22
10.22
FCF yield (avg)%
9.49
12.19
10.57
11.40
13.85
11.67
13.24
14.91
15.42
16.64
8.98
14.91
12.71
60
24.07
FCF margin%
15.27
15.85
15.87
16.74
13.80
12.02
12.74
13.18
13.08
11.07
13.34
12.74
13.49
76
0.591
FCF / Net incomex
1.178
1.185
1.290
1.388
1.268
1.225
1.145
1.037
1.130
1.194
1.546
1.145
1.190
45
19.84
ROIC%
28.75
30.47
33.10
30.84
32.36
34.72
32.08
31.31
28.56
26.47
5.26
31.31
31.07
24
12.02
Return on equity%
26.10
27.81
25.75
23.98
21.34
23.92
22.85
25.56
22.92
23.29
5.13
23.29
23.95
13
29.31
Return on assets%
26.70
26.19
24.49
26.92
27.41
24.56
26.49
27.51
29.73
29.99
27.71
27.51
26.81
58
21.86
EPSNT$
18.41
19.75
23.06
22.48
24.84
24.23
23.89
25.67
26.54
28.66
24.14
2.90%
5.28%
—
12.43
EPS growth%
30.66
33.11
34.95
35.73
33.66
33.67
31.85
34.62
36.50
33.84
6.52
33.84
33.76
18
10.33
Bookvalue per shNT$
12.14
12.28
12.92
12.94
13.21
14.31
13.56
15.52
15.94
17.43
11.16
5.70%
4.59%
—
14.25
FCF per shareNT$
19.39
20.32
17.75
18.85
17.96
18.00
15.61
14.50
15.45
13.76
22.59
(5.18%)
(4.15%)
—
23.22
Dividend per shNT$
8.13
8.87
8.85
10.21
10.96
10.98
11.47
11.62
13.34
15.04
11.95
6.53%
7.26%
—
26.38
Div yield (avg)%
7.35
7.47
6.85
4.73
1.85
3.11
6.10
5.96
4.57
6.84
27.91
5.96
6.03
21
9.44
Payout ratio%
20.60
18.35
15.65
18.62
21.37
22.77
20.45
20.01
20.37
17.48
29.87
20.37
20.19
84
167.8
Shares (diluted)M
227.1
226.6
239.7
257.7
252.8
270.1
273.8
307.7
360.0
402.2
164.4
9.73%
5.48%
24
10.69
Buyback yield%
12.65
10.33
10.67
11.85
13.15
10.63
11.68
10.93
12.17
13.59
9.92
11.68
11.76
26
1.794
D/E ratiox
1.631
1.912
1.884
1.977
2.050
2.034
2.088
2.386
2.799
3.322
1.199
2.386
2.042
19
8.319
Enterprise valueNT$B
5.398
5.103
5.355
5.118
5.542
5.482
5.007
5.530
5.566
5.025
1.728
(1.94%)
(1.54%)
53
5.145
LT debtNT$B
0.649
0.757
0.771
0.753
0.860
0.920
0.936
0.944
0.994
1.055
3.068
4.17%
5.45%
22
Cost of revenue
8.14%
0.97×
Operating expenses
9.39%
1.09×
Property and equipment
21.28%
Spread over hurdle
21.86%