107.0
RevenueNT$M
183.0
187.3
199.6
209.7
218.1
226.7
236.3
240.4
247.9
256.5
112.2
3.30%
4.02%
48
11.00
Revenue growth%
25.41
28.25
27.33
25.67
26.21
26.27
24.84
26.68
28.77
26.32
11.14
26.32
26.29
66
8.93
Gross margin%
24.16
23.86
24.46
24.39
27.06
24.71
22.02
23.46
25.15
23.71
27.91
23.71
24.27
30
18.03
Operating margin%
19.44
17.62
17.59
15.24
12.34
9.89
10.06
7.23
6.29
4.47
7.58
7.23
11.20
15
20.55
Net margin%
22.56
23.06
20.91
18.59
20.22
18.00
17.50
17.38
16.32
15.86
4.57
17.38
18.30
72
7.626
P/E ratio (avg)x
49.48
52.04
56.63
61.94
68.88
81.92
83.01
96.50
108.9
127.3
17.60
96.50
75.40
34
28.10
EV/EBITx
18.52
19.19
17.16
16.77
15.63
15.07
14.77
13.25
14.67
16.36
37.37
14.77
15.99
92
11.46
FCF yield (avg)%
31.46
31.39
32.98
30.97
31.06
33.77
33.02
31.83
34.61
32.47
22.96
33.02
32.15
24
19.78
FCF margin%
13.63
14.96
14.20
11.73
9.65
11.30
13.57
11.38
14.30
15.72
16.40
13.57
13.60
45
0.561
FCF / Net incomex
1.870
1.985
1.955
2.061
2.362
2.822
3.132
3.507
4.193
4.843
1.224
3.507
2.592
91
16.11
ROIC%
4.16
5.30
5.49
4.11
1.84
1.95
4.12
6.83
9.40
10.12
15.87
6.83
4.73
36
12.06
Return on equity%
13.60
13.48
11.44
9.21
11.55
12.65
15.04
16.50
16.19
15.36
10.81
15.36
13.54
52
2.62
Return on assets%
29.47
30.32
27.76
29.51
27.65
25.88
23.22
22.05
19.29
18.79
22.33
22.05
26.76
81
1.98
EPSNT$
1.20
1.37
1.62
1.82
1.81
1.77
1.99
2.12
2.11
2.21
2.17
4.05%
6.53%
—
8.63
EPS growth%
26.04
24.41
21.91
24.37
27.02
24.56
22.22
24.95
22.44
21.47
26.30
22.44
24.39
78
2.05
Bookvalue per shNT$
0.96
0.97
0.93
1.04
1.08
1.13
1.23
1.08
0.99
1.07
1.76
(0.25%)
1.63%
—
1.46
FCF per shareNT$
1.52
1.57
1.45
1.62
1.78
1.72
1.88
2.13
1.98
2.11
1.10
3.39%
2.67%
—
1.74
Dividend per shNT$
1.20
1.42
1.63
1.71
1.76
1.85
2.09
2.36
2.44
2.86
1.77
10.16%
10.04%
—
3.59
Div yield (avg)%
14.19
16.70
17.97
17.34
20.09
21.73
20.82
23.37
24.87
25.78
26.14
23.37
20.45
36
4.96
Payout ratio%
15.98
17.26
18.76
18.36
20.66
19.66
18.17
16.76
16.48
14.01
22.54
16.76
17.72
49
59.98
Shares (diluted)M
111.9
107.9
122.6
135.6
149.4
153.5
158.5
154.5
146.5
162.5
59.30
1.70%
5.44%
38
13.80
Buyback yield%
32.66
35.30
33.66
35.53
32.83
31.74
31.75
28.80
31.72
32.10
14.63
31.74
32.38
43
0.656
D/E ratiox
2.407
2.669
2.764
3.322
3.680
4.135
4.938
4.923
5.793
6.668
1.415
4.938
3.907
76
192.9
Enterprise valueNT$M
132.1
133.4
154.9
177.5
211.1
233.0
248.3
267.9
320.3
347.4
153.9
10.47%
10.32%
82
24.01
LT debtNT$M
23.99
27.95
26.29
30.70
29.57
30.88
29.00
28.25
27.77
31.27
167.9
1.13%
2.43%
60
Cost of revenue
3.92%
0.99×
Operating expenses
4.18%
1.01×
Goodwill & intangibles
19.43%
Spread over hurdle
(3.17%)