12.41
RevenueNT$M
102.1
106.9
110.4
113.9
120.5
128.0
133.1
139.4
148.4
158.3
13.37
5.60%
4.84%
70
5.80
Revenue growth%
23.52
22.67
21.28
19.89
22.34
22.70
19.83
19.11
20.56
19.56
5.50
19.83
20.92
79
14.04
Gross margin%
18.69
19.94
17.22
16.43
16.44
15.49
15.88
14.11
12.21
12.54
18.51
14.11
16.15
71
10.42
Operating margin%
3.26
4.71
4.73
3.38
6.26
8.56
6.05
4.57
2.17
4.96
8.84
4.96
4.72
63
20.90
Net margin%
17.62
20.53
23.03
21.76
24.12
24.77
25.09
22.32
20.47
21.50
25.22
22.32
22.04
5
15.45
P/E ratio (avg)x
42.72
38.94
35.57
35.59
37.39
40.98
40.56
45.84
46.66
46.51
23.86
45.84
40.77
49
9.743
EV/EBITx
35.82
42.09
42.02
46.63
47.79
55.12
57.75
64.90
71.98
78.34
37.67
64.90
51.46
71
8.95
FCF yield (avg)%
3.66
1.49
1.36
0.40
2.17
2.31
0.40
0.59
2.30
2.88
16.75
2.30
1.83
10
17.37
FCF margin%
5.85
6.23
5.49
5.69
7.50
10.30
8.25
6.97
6.32
6.05
2.50
6.97
6.28
61
1.706
FCF / Net incomex
0.767
0.737
0.825
0.816
0.842
0.851
0.990
1.014
0.976
1.095
0.863
0.990
0.846
35
15.47
ROIC%
3.82
3.63
5.85
6.48
8.87
6.06
7.18
7.30
9.83
11.36
6.04
7.30
6.83
12
25.68
Return on equity%
19.15
17.65
18.32
18.99
21.56
21.64
24.15
24.44
25.46
26.80
25.89
24.44
21.60
95
22.70
Return on assets%
1.68
1.35
0.40
0.40
1.96
4.13
4.89
4.30
3.58
2.68
13.19
4.13
2.32
11
0.75
EPSNT$
0.79
0.88
1.03
1.16
1.36
1.51
1.72
1.87
1.97
2.19
0.83
10.05%
12.38%
—
4.70
EPS growth%
26.39
29.01
31.52
31.68
33.00
34.80
34.44
36.04
34.04
32.66
20.73
34.44
32.83
13
0.46
Bookvalue per shNT$
1.53
1.64
1.72
1.77
1.99
1.95
2.12
2.24
2.16
2.20
0.64
1.96%
4.77%
—
0.36
FCF per shareNT$
0.94
0.99
0.96
1.06
1.06
1.16
1.09
1.21
1.17
1.20
0.75
2.57%
2.33%
—
1.22
Dividend per shNT$
0.88
0.95
1.06
1.07
1.05
1.07
1.27
1.46
1.69
1.91
0.72
12.60%
7.73%
—
22.27
Div yield (avg)%
7.15
9.39
9.86
12.09
9.20
7.63
7.07
4.39
1.65
4.06
26.11
4.39
7.39
50
25.08
Payout ratio%
11.85
8.96
11.82
12.07
12.57
15.25
14.63
14.97
13.93
14.63
20.93
14.63
13.25
11
77.71
Shares (diluted)M
72.34
64.16
63.52
62.69
67.82
68.97
76.16
68.50
67.82
60.09
80.07
(2.39%)
(2.32%)
39
14.86
Buyback yield%
30.19
30.95
33.21
34.06
32.61
32.38
32.40
34.16
31.31
30.78
20.79
32.38
32.39
15
1.497
D/E ratiox
0.814
0.869
0.836
0.880
0.912
0.876
0.970
1.020
1.111
1.066
1.426
1.020
0.896
48
146.9
Enterprise valueNT$M
136.1
146.0
146.4
154.1
156.1
145.3
167.5
190.1
194.9
213.4
61.89
6.45%
4.80%
8
109.8
LT debtNT$M
128.0
132.6
152.3
161.2
173.3
161.5
180.0
183.9
168.6
179.5
150.3
0.70%
3.43%
47
Cost of revenue
5.00%
1.02×
Operating expenses
4.36%
0.96×
Cash and investments
15.01%
Spread over hurdle
(0.37%)