178.9
RevenueNT$M
104.7
114.3
124.0
135.0
147.1
161.9
177.4
194.4
215.5
236.9
191.3
10.00%
9.57%
39
6.59
Revenue growth%
21.82
19.93
22.19
22.58
21.26
23.03
22.39
19.61
19.55
17.60
25.82
19.61
21.54
69
27.58
Gross margin%
18.96
18.93
21.56
23.53
21.44
19.97
18.36
19.91
22.17
20.40
6.59
19.97
20.19
16
6.26
Operating margin%
35.81
36.00
38.91
40.25
42.81
41.63
42.17
43.00
40.82
39.75
10.31
41.63
40.53
23
12.17
Net margin%
22.97
22.39
22.50
23.79
26.20
26.63
24.95
27.45
25.32
25.04
25.59
25.32
25.00
47
25.22
P/E ratio (avg)x
33.98
32.74
33.27
33.04
33.30
35.99
35.40
36.72
41.36
46.32
33.49
36.72
34.69
64
14.79
EV/EBITx
32.49
37.50
36.83
38.63
38.28
39.45
43.96
42.84
42.18
41.00
37.44
42.18
39.04
41
9.01
FCF yield (avg)%
18.95
18.82
15.88
15.35
16.16
19.12
18.14
18.98
18.16
16.18
6.15
18.16
18.15
20
6.34
FCF margin%
18.51
15.76
15.29
16.47
16.09
16.90
16.31
16.94
16.53
13.61
26.62
16.53
16.39
69
0.119
FCF / Net incomex
1.095
1.233
1.343
1.491
1.534
1.729
1.956
2.209
2.148
2.397
1.695
2.148
1.631
18
11.12
ROIC%
21.81
18.95
17.64
15.24
15.92
14.69
14.88
14.57
12.14
9.63
15.97
14.57
15.06
92
4.13
Return on equity%
26.18
24.35
24.53
22.55
21.14
22.73
21.24
20.20
17.49
15.13
4.12
20.20
21.89
75
12.18
Return on assets%
3.02
2.10
0.93
0.79
0.40
0.40
0.40
2.54
4.84
4.15
12.03
2.54
1.51
55
2.14
EPSNT$
2.81
3.19
3.72
4.06
4.76
4.64
4.65
4.95
5.45
5.53
2.30
3.07%
7.59%
—
14.32
EPS growth%
8.15
6.95
4.24
2.29
0.60
2.16
3.78
4.85
6.82
4.90
13.09
4.85
4.54
62
2.69
Bookvalue per shNT$
0.77
0.80
0.75
0.68
0.72
0.75
0.69
0.62
0.54
0.58
4.11
(4.17%)
(2.98%)
—
4.19
FCF per shareNT$
0.50
0.54
0.55
0.53
0.52
0.49
0.47
0.47
0.50
0.44
2.29
(3.18%)
(2.01%)
—
2.49
Dividend per shNT$
2.59
2.30
2.06
1.87
1.71
1.82
1.58
1.70
1.76
1.59
0.77
(1.45%)
(6.03%)
—
12.41
Div yield (avg)%
17.88
15.51
14.53
13.10
12.95
12.23
10.89
11.63
9.70
8.33
18.44
10.89
12.59
36
23.32
Payout ratio%
3.19
1.55
0.40
1.27
0.75
0.40
3.37
5.30
4.67
4.86
13.19
4.67
2.37
52
59.19
Shares (diluted)M
73.85
74.28
82.96
76.54
82.52
81.16
72.82
64.98
57.43
52.46
61.38
(8.66%)
(2.43%)
45
16.91
Buyback yield%
7.00
7.63
5.84
8.72
9.53
10.41
9.72
12.45
9.58
9.52
10.86
9.72
9.52
45
0.998
D/E ratiox
2.089
2.150
2.521
2.994
2.946
3.069
3.354
3.649
4.021
4.724
1.725
3.649
3.031
50
206.3
Enterprise valueNT$M
387.7
401.1
387.1
429.9
454.7
500.3
551.9
593.5
628.4
632.7
48.10
6.83%
6.61%
55
195.4
LT debtNT$M
35.32
32.08
31.88
32.93
32.49
29.99
25.80
23.57
21.12
21.44
55.42
(7.97%)
(5.69%)
34
Cost of revenue
9.48%
0.99×
Operating expenses
9.09%
0.96×
Property and equipment
16.63%
Spread over hurdle
24.58%