2.024
RevenueNT$B
1.367
1.467
1.556
1.686
1.800
1.952
2.050
2.203
2.360
2.520
2.145
6.96%
7.13%
26
21.00
Revenue growth%
20.93
21.31
22.01
24.13
25.21
22.89
22.53
23.27
22.26
19.81
21.68
22.53
22.40
66
29.01
Gross margin%
11.14
11.96
10.38
8.64
8.75
9.18
6.89
7.54
7.05
7.74
13.50
7.54
8.70
60
24.49
Operating margin%
26.81
24.60
25.58
27.96
29.24
30.09
29.95
30.62
32.57
30.78
10.19
30.62
29.59
91
28.66
Net margin%
5.15
5.79
3.62
2.61
0.40
0.40
2.77
0.79
0.40
2.86
14.93
0.79
2.69
48
20.98
P/E ratio (avg)x
26.53
24.86
22.06
22.31
21.07
18.66
20.07
21.30
21.74
18.99
19.78
20.07
21.52
36
23.54
EV/EBITx
18.96
18.24
17.66
18.68
20.23
21.42
24.68
23.57
26.89
26.37
8.059
24.68
20.83
47
27.67
FCF yield (avg)%
7.44
5.21
3.65
4.56
3.61
4.58
4.67
5.08
4.78
4.19
25.18
4.67
4.62
25
21.28
FCF margin%
19.25
18.51
20.25
20.46
19.06
21.88
22.06
19.20
21.67
24.16
24.94
21.88
20.36
63
1.666
FCF / Net incomex
1.199
1.110
1.221
1.117
1.136
1.090
1.192
1.068
1.044
0.981
1.073
1.068
1.114
56
19.77
ROIC%
28.02
29.01
26.27
26.74
26.19
28.41
26.53
25.26
22.88
23.51
19.64
25.26
26.40
89
9.29
Return on equity%
5.45
5.87
7.43
10.23
9.82
11.11
11.56
9.17
8.53
7.25
25.57
9.17
8.85
49
29.13
Return on assets%
9.86
7.24
5.00
5.84
5.31
7.48
4.51
2.94
0.40
0.40
4.47
2.94
5.15
76
3.10
EPSNT$
5.81
5.75
5.71
6.13
5.75
5.00
4.61
4.59
4.20
4.02
3.27
(6.94%)
(3.78%)
—
21.97
EPS growth%
17.38
19.98
17.49
19.72
19.32
22.11
23.44
21.23
18.67
16.51
27.73
21.23
19.52
32
5.24
Bookvalue per shNT$
5.97
6.82
6.66
7.66
7.82
7.73
7.44
7.46
8.09
8.04
7.97
0.57%
4.55%
—
7.43
FCF per shareNT$
9.83
11.21
10.90
10.25
10.80
10.02
10.23
11.85
11.21
12.83
12.03
3.51%
3.46%
—
6.91
Dividend per shNT$
23.33
24.19
24.56
28.31
26.21
25.98
27.19
31.14
31.30
30.90
13.25
3.35%
3.11%
—
27.34
Div yield (avg)%
30.94
29.38
32.17
34.30
34.51
33.73
32.91
33.21
35.33
32.61
3.78
33.21
33.06
24
7.90
Payout ratio%
19.69
21.83
22.90
24.00
21.88
24.61
26.30
23.35
25.42
26.99
10.10
25.42
23.68
7
91.49
Shares (diluted)M
155.3
184.6
220.8
227.5
266.4
308.1
305.1
318.6
350.1
357.1
91.82
6.04%
8.57%
22
4.94
Buyback yield%
13.43
14.31
13.38
12.57
11.52
13.25
16.10
17.53
20.34
20.45
24.60
17.53
13.87
28
0.455
D/E ratiox
2.212
2.213
2.524
2.728
3.272
3.321
3.917
4.611
4.555
4.985
1.586
4.555
3.297
30
1.844
Enterprise valueNT$B
0.844
0.987
1.140
1.164
1.378
1.450
1.695
1.634
1.867
2.114
0.128
8.94%
11.31%
7
0.753
LT debtNT$B
0.980
1.014
1.093
1.066
1.227
1.282
1.438
1.470
1.616
1.674
0.115
6.42%
6.22%
25
Cost of revenue
7.40%
1.03×
Operating expenses
6.64%
0.96×
Goodwill & intangibles
16.58%
Spread over hurdle
(4.01%)