329.4
RevenueNT$M
423.5
458.4
493.0
522.2
551.5
599.3
640.1
679.8
731.7
774.4
364.8
7.02%
7.25%
79
10.51
Revenue growth%
23.22
21.56
19.01
21.22
23.91
26.45
24.23
25.97
28.24
29.94
12.47
26.45
24.07
5
26.91
Gross margin%
13.70
12.39
12.02
9.72
10.91
13.67
12.51
10.89
13.50
12.67
5.01
12.67
12.45
34
22.39
Operating margin%
18.00
16.11
18.85
16.70
19.42
20.20
17.34
16.20
13.53
16.05
13.52
16.20
17.02
40
3.33
Net margin%
18.67
21.04
21.05
19.08
20.11
22.70
20.42
22.01
23.46
20.81
24.76
22.01
20.92
88
34.68
P/E ratio (avg)x
12.77
13.35
13.92
14.67
15.04
17.86
18.83
20.45
20.97
20.64
16.96
20.45
16.45
50
21.61
EV/EBITx
10.34
9.724
9.953
8.776
8.656
8.324
8.032
8.233
7.521
8.168
19.78
8.168
8.490
67
5.97
FCF yield (avg)%
16.18
16.58
19.45
21.84
22.93
22.56
24.88
26.19
27.37
30.24
12.81
26.19
22.74
55
17.49
FCF margin%
3.42
3.28
5.75
7.14
9.08
8.12
8.57
11.52
12.56
14.15
28.13
11.52
8.35
80
1.792
FCF / Net incomex
1.750
1.698
1.765
1.840
2.000
1.926
1.739
1.795
1.805
1.669
0.447
1.795
1.780
48
26.31
ROIC%
27.76
28.47
29.49
27.53
27.01
24.56
26.51
24.89
22.20
20.06
19.33
24.56
26.76
49
16.55
Return on equity%
10.31
9.97
7.12
9.03
11.08
11.53
13.54
12.71
14.95
15.53
14.61
13.54
11.30
83
17.20
Return on assets%
29.36
29.36
31.71
31.92
32.76
33.06
35.01
32.83
33.55
36.01
26.09
33.55
32.79
22
1.29
EPSNT$
2.53
2.73
2.69
2.52
2.68
2.29
1.99
1.74
1.58
1.63
1.44
(9.48%)
(4.55%)
—
15.65
EPS growth%
4.36
2.81
0.40
0.78
2.85
1.63
0.40
0.40
0.40
0.44
9.48
0.40
0.61
69
2.90
Bookvalue per shNT$
0.72
0.75
0.86
0.83
0.78
0.74
0.84
0.93
1.05
1.21
3.10
9.29%
5.51%
—
1.74
FCF per shareNT$
2.81
2.81
2.63
2.42
2.33
2.04
1.93
1.76
1.68
1.81
2.74
(4.94%)
(4.27%)
—
0.62
Dividend per shNT$
0.86
0.81
0.84
0.94
1.05
1.09
1.23
1.22
1.16
1.07
1.73
0.37%
3.20%
—
21.65
Div yield (avg)%
14.24
14.02
16.28
15.32
14.00
15.09
15.84
16.65
15.58
15.06
23.77
15.58
15.21
25
7.86
Payout ratio%
9.62
6.83
5.53
4.90
4.70
3.04
1.56
3.10
1.35
0.40
17.87
1.56
3.90
6
73.80
Shares (diluted)M
84.02
86.67
98.91
104.0
104.6
116.9
121.4
128.0
146.4
161.7
71.46
9.10%
7.76%
60
18.09
Buyback yield%
1.76
0.40
0.40
0.40
2.35
1.65
0.40
1.13
0.40
0.40
17.35
0.40
0.40
28
0.663
D/E ratiox
1.789
1.755
1.742
2.008
1.977
1.989
2.223
2.337
2.497
2.761
0.171
2.337
1.999
60
150.8
Enterprise valueNT$M
88.41
84.01
84.84
96.78
111.9
127.7
139.5
141.2
150.7
145.9
450.4
5.45%
6.23%
55
242.0
LT debtNT$M
348.6
328.5
362.7
398.6
401.7
409.7
427.3
399.5
397.6
361.4
185.0
(2.09%)
0.34%
68
Cost of revenue
7.09%
0.99×
Operating expenses
7.23%
1.00×
Spread over hurdle
10.30%