76.50
RevenueNT$M
489.6
499.5
518.0
551.9
575.5
611.8
635.9
650.7
681.4
708.6
81.56
4.25%
4.22%
54
6.84
Revenue growth%
3.94
1.38
2.23
2.87
3.24
4.18
4.06
4.91
4.45
7.45
20.07
4.45
4.00
61
23.42
Gross margin%
23.29
25.36
25.63
24.99
23.08
22.64
24.22
21.64
23.19
23.05
26.37
23.05
23.24
52
18.12
Operating margin%
10.61
9.75
7.52
10.20
7.98
6.50
9.19
6.32
5.60
5.26
4.50
6.32
7.75
35
23.44
Net margin%
26.48
23.53
23.64
21.45
21.81
19.18
21.87
21.50
22.41
21.52
6.96
21.52
21.84
62
21.74
P/E ratio (avg)x
14.50
12.75
13.78
13.75
12.11
12.04
11.39
11.13
9.471
8.321
29.94
11.13
12.08
57
16.98
EV/EBITx
62.11
69.14
78.27
88.89
94.64
104.6
119.1
125.4
145.2
145.8
8.754
125.4
99.61
75
14.07
FCF yield (avg)%
18.22
17.44
19.53
19.12
19.22
19.70
21.25
24.21
24.18
22.84
19.04
22.84
19.61
52
4.59
FCF margin%
28.60
28.07
26.76
28.72
26.17
26.53
24.72
25.62
27.69
27.74
9.50
26.53
27.22
40
0.640
FCF / Net incomex
0.537
0.501
0.504
0.530
0.595
0.661
0.629
0.613
0.598
0.670
1.483
0.629
0.596
59
23.95
ROIC%
10.97
11.88
13.37
14.78
13.75
15.87
13.79
11.40
10.68
10.15
9.28
11.40
12.63
26
11.97
Return on equity%
23.15
22.63
23.32
21.90
21.92
24.50
26.92
27.89
30.81
30.78
25.18
27.89
23.91
11
25.10
Return on assets%
16.74
18.01
20.93
21.42
23.98
21.41
23.86
21.47
21.42
23.66
14.28
21.47
21.42
42
2.32
EPSNT$
3.64
4.09
4.41
4.37
5.14
5.93
5.93
6.15
6.71
7.35
2.40
7.43%
6.85%
—
20.67
EPS growth%
15.56
13.88
13.51
11.41
10.73
13.20
13.12
12.89
13.15
12.24
20.08
13.12
13.14
6
3.83
Bookvalue per shNT$
2.28
2.41
2.40
2.16
2.14
1.90
1.89
1.88
1.89
1.93
2.47
(2.03%)
(1.60%)
—
3.58
FCF per shareNT$
3.74
3.82
3.59
3.42
3.28
3.32
3.65
3.41
3.88
4.06
1.31
4.37%
1.78%
—
4.66
Dividend per shNT$
1.31
1.45
1.43
1.43
1.59
1.66
1.74
1.71
1.89
1.87
2.24
3.29%
4.65%
—
20.21
Div yield (avg)%
26.95
27.12
29.46
31.83
34.79
36.11
36.45
34.04
36.15
34.08
19.55
36.11
34.06
9
7.19
Payout ratio%
8.77
6.48
6.18
5.53
6.58
8.66
9.46
11.61
11.86
14.40
25.29
11.61
8.72
68
97.84
Shares (diluted)M
76.00
82.89
78.67
76.61
74.90
66.90
65.84
59.36
64.08
65.88
100.4
(2.53%)
(2.76%)
62
12.64
Buyback yield%
12.19
12.62
15.15
16.72
13.88
13.67
16.09
13.78
14.79
13.37
9.93
13.78
13.83
73
0.451
D/E ratiox
1.253
1.206
1.229
1.381
1.327
1.510
1.564
1.701
1.880
1.980
0.472
1.701
1.445
82
530.9
Enterprise valueNT$M
339.8
330.1
366.2
382.9
461.1
488.2
483.9
508.5
606.5
722.1
67.04
9.38%
7.49%
92
282.9
LT debtNT$M
120.7
121.1
109.1
102.3
94.35
95.21
86.50
74.40
63.52
59.63
668.1
(8.77%)
(8.24%)
62
Cost of revenue
4.03%
0.98×
Operating expenses
4.00%
0.98×
Goodwill & intangibles
16.67%
Spread over hurdle
14.39%