2.666
RevenueNT$B
3.809
3.972
4.150
4.329
4.518
4.726
4.947
5.180
5.587
5.853
2.744
5.31%
5.06%
28
17.03
Revenue growth%
15.94
13.92
16.72
14.48
12.35
11.71
9.39
8.12
6.15
6.96
12.50
8.12
12.03
8
26.91
Gross margin%
23.62
25.58
24.30
23.20
24.09
26.64
27.02
25.18
23.86
23.45
14.19
25.18
24.19
44
23.10
Operating margin%
2.81
1.78
0.98
1.85
0.86
2.37
3.06
5.39
7.37
8.19
24.84
5.39
2.59
47
29.68
Net margin%
11.84
12.27
11.92
14.78
16.97
15.55
14.20
14.12
13.67
16.16
21.69
14.20
14.16
29
24.41
P/E ratio (avg)x
21.90
22.67
20.96
20.46
17.57
16.14
16.25
16.50
15.15
16.53
28.18
16.25
17.05
94
32.64
EV/EBITx
17.63
16.09
16.52
18.89
20.39
22.13
21.04
21.76
21.11
21.18
35.51
21.18
20.71
16
3.88
FCF yield (avg)%
25.00
27.99
29.54
31.20
30.72
32.20
30.78
30.63
28.93
27.76
9.25
30.63
30.09
9
21.80
FCF margin%
1.31
0.40
0.40
0.92
0.40
0.40
2.86
0.86
0.57
0.40
7.72
0.57
0.49
57
0.343
FCF / Net incomex
1.110
1.120
1.332
1.383
1.522
1.684
1.933
2.328
2.675
2.733
1.622
2.328
1.603
29
28.90
ROIC%
26.61
29.09
27.05
26.04
27.31
25.49
23.18
23.60
21.25
21.02
12.50
23.18
25.76
64
19.48
Return on equity%
10.73
7.85
7.69
7.90
6.95
4.51
4.95
7.54
9.56
10.20
18.28
7.54
7.77
63
5.38
Return on assets%
10.29
8.97
6.01
5.76
6.31
8.72
7.09
8.99
6.40
5.89
11.08
7.09
6.75
63
5.06
EPSNT$
8.42
7.42
7.06
7.45
7.41
7.77
7.86
8.68
9.63
9.29
5.36
4.63%
1.82%
—
10.71
EPS growth%
26.51
25.04
27.48
25.69
27.85
26.28
27.24
24.32
23.09
21.93
13.90
24.32
25.98
23
4.93
Bookvalue per shNT$
8.80
8.25
8.76
8.19
7.34
6.95
7.80
8.62
8.49
8.46
9.14
2.86%
(1.15%)
—
4.67
FCF per shareNT$
12.89
11.55
11.78
13.18
13.94
14.14
13.77
12.68
13.39
14.15
5.67
0.29%
2.09%
—
12.69
Dividend per shNT$
9.13
10.26
10.81
10.70
11.35
12.74
14.99
17.76
18.04
17.96
1.75
9.61%
8.07%
—
9.22
Div yield (avg)%
28.34
27.24
25.58
26.13
24.80
26.47
25.36
23.74
20.77
22.22
24.63
23.74
25.47
42
7.05
Payout ratio%
12.43
12.22
9.87
9.43
10.92
12.05
14.60
16.99
17.93
18.45
7.49
16.99
12.33
15
113.1
Shares (diluted)M
97.46
94.94
101.2
98.60
106.8
106.1
91.96
92.30
101.4
111.1
117.4
0.79%
0.58%
69
29.17
Buyback yield%
21.31
20.91
19.05
16.80
15.59
15.36
14.25
14.21
14.91
16.46
29.73
14.91
16.02
66
1.552
D/E ratiox
1.484
1.636
1.593
1.485
1.490
1.550
1.699
1.706
1.879
1.839
1.308
1.706
1.615
48
1.372
Enterprise valueNT$B
4.866
5.066
5.036
5.166
4.607
4.538
4.588
4.257
4.120
4.454
0.986
(0.68%)
(1.18%)
23
0.980
LT debtNT$B
7.108
7.127
7.845
7.576
7.761
7.299
8.173
8.562
8.880
10.39
2.793
6.01%
4.09%
64
Cost of revenue
5.49%
1.04×
Operating expenses
4.49%
0.95×
Cash and investments
14.16%
Spread over hurdle
(2.67%)