2.502
RevenueNT$B
3.078
3.362
3.611
3.969
4.175
4.475
4.923
5.281
5.683
6.160
2.659
8.09%
8.14%
53
2.07
Revenue growth%
27.42
28.36
27.60
28.77
28.15
29.60
27.79
29.45
30.97
32.04
11.54
29.60
28.57
40
6.31
Gross margin%
17.50
16.73
18.24
15.33
14.47
15.51
12.83
12.72
10.23
11.82
29.71
12.72
14.90
69
14.30
Operating margin%
3.77
4.28
5.04
3.20
0.93
0.81
0.68
0.40
1.12
0.40
23.67
0.68
1.03
69
12.24
Net margin%
20.39
19.61
20.14
22.43
20.44
21.05
23.29
25.33
26.34
26.12
17.33
25.33
21.74
75
14.13
P/E ratio (avg)x
45.54
47.54
52.40
51.01
53.95
55.09
60.23
61.43
65.59
65.36
9.553
61.43
54.52
8
32.86
EV/EBITx
8.848
9.353
9.921
9.710
9.926
10.91
11.65
12.01
11.06
11.86
29.98
11.65
10.42
70
22.86
FCF yield (avg)%
18.20
18.36
18.60
19.45
20.97
19.38
17.02
18.01
19.38
16.89
25.01
18.01
18.48
57
28.24
FCF margin%
11.57
10.82
12.56
11.36
13.06
11.33
10.02
9.69
10.74
12.42
21.22
10.74
11.34
57
1.611
FCF / Net incomex
1.600
1.432
1.362
1.257
1.100
0.969
0.871
0.959
0.875
0.961
1.296
0.959
1.035
77
27.23
ROIC%
25.07
25.61
25.36
27.14
28.21
26.61
23.91
22.84
22.40
23.54
8.51
23.54
25.21
36
26.82
Return on equity%
28.22
30.83
30.99
29.72
32.56
31.87
33.82
34.46
31.49
30.25
10.28
31.87
31.24
58
16.19
Return on assets%
18.77
18.15
16.18
16.69
14.96
12.09
15.06
17.00
17.82
15.54
25.46
15.54
16.43
52
5.62
EPSNT$
2.34
2.40
2.35
2.75
2.79
2.99
3.03
3.49
3.87
4.68
5.94
10.89%
6.90%
—
14.20
EPS growth%
9.77
11.16
13.39
13.40
11.90
9.26
9.86
10.07
11.37
10.46
23.68
10.07
10.81
37
5.23
Bookvalue per shNT$
4.54
4.56
5.34
6.38
7.30
8.51
10.34
12.24
13.61
16.00
4.48
16.99%
13.30%
—
6.73
FCF per shareNT$
2.83
3.25
3.16
3.34
3.66
3.99
4.42
4.29
4.29
4.14
5.02
2.49%
5.22%
—
6.04
Dividend per shNT$
5.63
5.82
6.19
5.40
5.75
6.02
5.29
5.03
5.19
4.45
2.35
(5.01%)
(3.82%)
—
21.75
Div yield (avg)%
28.40
26.39
25.20
24.85
22.48
25.27
22.57
22.53
24.27
26.59
15.31
24.27
25.02
12
26.49
Payout ratio%
28.44
26.08
23.36
21.41
22.74
23.42
22.05
19.92
22.46
21.01
17.98
22.05
22.60
43
220.7
Shares (diluted)M
197.1
178.5
169.3
160.9
171.2
164.8
158.3
163.7
182.3
198.6
231.6
3.01%
(0.94%)
24
29.51
Buyback yield%
33.61
31.50
29.88
32.24
29.49
28.74
31.02
31.25
31.40
34.06
23.90
31.25
31.32
84
0.317
D/E ratiox
1.497
1.726
1.969
2.174
2.243
2.572
2.686
3.107
3.024
3.252
1.779
3.024
2.407
62
2.127
Enterprise valueNT$B
4.666
4.905
5.300
6.411
7.613
9.053
10.10
11.57
12.27
12.85
0.671
11.03%
11.09%
63
3.428
LT debtNT$B
5.304
5.756
6.437
6.363
7.627
8.362
8.333
10.03
10.02
11.34
4.572
8.25%
7.62%
47
Cost of revenue
8.06%
0.99×
Operating expenses
8.40%
1.02×
Cash and investments
21.47%
Property and equipment
20.10%
Goodwill & intangibles
16.38%
Spread over hurdle
14.46%