2.256
RevenueNT$B
2.236
2.342
2.463
2.588
2.709
2.758
2.854
2.880
2.957
3.077
2.338
2.58%
3.56%
94
14.69
Revenue growth%
23.91
21.62
23.11
24.63
24.95
22.83
20.98
18.04
17.55
20.20
28.95
20.20
22.23
25
11.10
Gross margin%
13.85
13.79
16.39
13.84
16.83
18.32
17.62
20.27
22.64
19.97
15.66
19.97
17.23
66
10.27
Operating margin%
1.42
0.40
0.40
0.40
0.40
0.40
2.81
5.27
6.41
5.55
2.68
5.27
0.91
30
15.93
Net margin%
16.51
19.28
21.11
19.88
20.07
22.99
21.73
23.17
22.19
22.60
4.41
22.60
21.42
37
27.17
P/E ratio (avg)x
11.46
11.20
12.42
13.72
13.62
13.21
15.35
15.83
14.87
16.34
11.50
15.35
13.67
50
7.299
EV/EBITx
44.48
46.48
54.82
61.28
69.17
77.62
83.42
82.46
91.67
104.2
23.76
83.42
73.39
17
17.98
FCF yield (avg)%
14.12
13.88
13.60
15.12
16.50
19.35
16.40
16.26
15.65
13.69
2.33
16.26
15.38
94
27.04
FCF margin%
25.26
27.36
26.44
24.54
25.62
27.97
25.76
25.44
26.81
26.88
27.03
26.81
26.10
39
1.045
FCF / Net incomex
0.225
0.230
0.228
0.232
0.215
0.212
0.234
0.257
0.295
0.300
0.399
0.257
0.231
24
27.03
ROIC%
21.36
18.53
16.75
18.11
19.42
18.99
19.71
17.57
19.16
16.22
16.18
18.99
18.76
79
15.00
Return on equity%
5.95
5.18
7.78
6.24
5.84
5.99
3.28
4.72
4.87
2.82
25.21
4.72
5.51
19
5.74
Return on assets%
19.84
21.26
22.46
19.59
20.46
21.10
21.12
21.38
23.50
23.14
19.50
21.38
21.19
86
14.93
EPSNT$
18.06
20.37
20.05
19.73
19.65
21.99
23.03
25.63
25.07
27.44
16.67
6.91%
4.62%
—
15.86
EPS growth%
21.47
23.87
22.01
19.57
18.12
17.20
19.00
19.75
20.91
20.65
25.75
19.75
20.20
50
13.97
Bookvalue per shNT$
9.22
9.43
10.54
11.12
11.59
12.54
12.67
12.06
13.41
15.33
5.62
5.75%
5.88%
—
15.62
FCF per shareNT$
18.63
17.26
15.60
14.16
14.99
14.97
14.03
12.51
12.24
12.67
10.42
(3.32%)
(3.73%)
—
5.37
Dividend per shNT$
2.98
3.06
3.00
2.78
2.65
2.61
2.62
2.79
2.50
2.78
18.74
0.99%
0.32%
—
3.97
Div yield (avg)%
24.67
23.44
24.87
23.01
22.02
21.85
19.32
21.91
23.84
26.44
9.92
21.91
23.23
18
7.93
Payout ratio%
32.08
30.08
32.36
31.85
34.53
32.74
32.17
34.60
35.44
37.31
20.50
34.60
32.55
66
81.97
Shares (diluted)M
162.8
171.2
180.8
213.4
250.4
263.5
295.6
339.4
363.1
388.3
80.86
9.17%
10.45%
71
27.26
Buyback yield%
19.01
21.11
20.31
22.82
20.85
19.95
20.58
20.10
17.10
18.55
10.84
19.95
20.21
73
1.013
D/E ratiox
0.228
0.203
0.193
0.186
0.206
0.197
0.212
0.205
0.226
0.232
1.565
0.212
0.206
90
1.066
Enterprise valueNT$B
0.621
0.653
0.588
0.545
0.586
0.555
0.497
0.475
0.446
0.433
1.161
(5.87%)
(2.65%)
39
1.221
LT debtNT$B
2.687
2.973
3.207
3.677
3.768
3.557
4.049
4.327
4.150
4.594
2.493
4.05%
6.87%
13
Cost of revenue
3.64%
1.01×
Operating expenses
3.04%
0.95×
Spread over hurdle
29.10%