5.590
RevenueNT$B
22.96
24.53
26.33
27.86
29.09
31.11
31.91
33.92
35.74
37.34
6.013
5.12%
5.51%
21
23.96
Revenue growth%
14.98
16.13
13.60
11.63
9.02
6.49
4.58
2.09
1.89
0.40
4.13
2.09
7.75
78
29.22
Gross margin%
15.46
16.31
18.28
17.10
17.26
16.47
19.00
19.72
21.66
24.48
29.03
19.72
17.77
77
18.17
Operating margin%
8.60
7.66
6.91
9.23
9.98
10.39
8.62
7.07
8.73
5.84
22.12
8.62
8.61
36
2.59
Net margin%
25.19
25.36
25.58
25.43
24.70
22.80
20.29
17.43
16.08
15.49
9.73
17.43
23.75
57
17.15
P/E ratio (avg)x
19.29
20.22
20.09
23.86
24.91
28.48
30.53
34.21
37.08
41.27
6.941
34.21
26.69
47
21.42
EV/EBITx
46.93
50.61
48.56
55.37
54.67
61.10
65.42
62.59
62.28
62.37
17.95
62.37
58.24
89
19.77
FCF yield (avg)%
8.68
11.13
10.12
7.24
6.94
7.53
5.83
5.84
5.22
3.94
3.13
5.83
7.09
24
13.02
FCF margin%
3.82
1.87
0.40
0.40
0.40
0.52
0.40
1.84
0.76
0.40
6.78
0.52
0.46
33
0.582
FCF / Net incomex
2.923
3.010
3.078
3.091
3.438
3.715
3.616
3.957
4.369
4.677
1.639
3.957
3.527
35
27.19
ROIC%
7.71
5.86
7.18
5.11
3.62
1.15
1.27
0.40
0.40
3.29
10.69
1.15
3.46
54
27.63
Return on equity%
18.74
19.28
17.70
14.95
12.65
12.68
10.41
11.30
11.54
8.55
13.90
11.30
12.66
14
27.38
Return on assets%
21.25
18.28
18.26
20.82
23.10
21.12
23.57
25.65
23.49
21.70
6.99
23.49
21.48
6
22.38
EPSNT$
6.60
7.37
7.41
7.11
8.24
8.60
8.61
8.80
10.17
11.52
24.59
6.94%
5.62%
—
3.30
EPS growth%
4.59
7.25
9.67
11.12
13.86
11.62
9.40
11.91
9.28
12.15
3.19
11.62
10.39
87
36.84
Bookvalue per shNT$
32.67
36.25
40.35
38.61
37.26
37.96
40.48
43.13
45.70
46.42
11.65
4.50%
4.34%
—
18.66
FCF per shareNT$
27.98
25.90
24.92
28.63
29.62
28.29
27.47
25.53
26.85
30.90
15.00
0.85%
0.60%
—
13.45
Dividend per shNT$
26.54
25.59
27.26
29.41
32.02
34.80
37.71
33.14
29.93
31.22
8.83
(0.51%)
1.47%
—
27.34
Div yield (avg)%
30.68
32.07
32.94
34.68
36.61
36.99
34.57
32.39
33.83
36.30
19.31
34.57
34.20
48
26.72
Payout ratio%
8.32
9.10
8.78
8.23
6.02
8.90
6.93
8.81
7.80
7.11
16.82
7.80
8.27
13
521.7
Shares (diluted)M
462.2
484.2
419.8
452.8
467.8
463.3
478.8
419.6
396.3
430.3
536.9
(1.65%)
(0.06%)
18
19.00
Buyback yield%
27.45
28.41
29.41
29.20
30.67
33.33
33.94
32.38
31.90
31.92
17.69
32.38
31.28
26
1.652
D/E ratiox
0.419
0.432
0.477
0.523
0.480
0.519
0.488
0.543
0.569
0.557
0.369
0.543
0.503
85
31.20
Enterprise valueNT$B
30.20
27.85
29.35
26.56
25.68
21.92
21.36
18.68
19.18
17.69
35.15
(7.19%)
(6.15%)
20
17.76
LT debtNT$B
28.61
28.08
30.44
34.66
39.00
39.27
38.56
38.31
41.26
43.79
37.35
2.35%
4.52%
66
Cost of revenue
5.51%
1.00×
Operating expenses
5.86%
1.03×
Goodwill & intangibles
15.18%
Spread over hurdle
(3.55%)