0.600
RevenueNT$B
0.794
0.877
0.945
1.036
1.146
1.249
1.363
1.474
1.571
1.736
0.628
8.65%
9.22%
28
7.71
Revenue growth%
13.30
13.06
14.55
14.06
16.46
15.67
16.43
14.47
14.40
14.22
2.10
14.47
14.43
16
20.29
Gross margin%
11.73
10.23
9.54
7.97
9.46
10.22
12.98
13.28
13.02
10.04
28.55
12.98
10.22
26
19.44
Operating margin%
15.09
17.69
14.80
16.76
14.56
13.90
16.34
16.90
16.52
15.71
5.93
16.34
16.03
16
14.35
Net margin%
21.53
18.72
16.83
19.15
18.30
15.51
13.14
11.15
13.85
15.22
16.31
13.85
16.17
84
26.92
P/E ratio (avg)x
18.35
17.22
19.77
20.41
20.38
21.40
21.47
24.28
24.53
25.75
23.46
24.28
20.91
15
10.31
EV/EBITx
39.45
43.02
41.15
44.04
50.17
49.97
51.18
57.08
60.51
62.63
24.96
57.08
50.07
25
2.14
FCF yield (avg)%
26.36
24.26
24.23
26.20
26.43
28.62
28.86
30.84
30.70
31.28
25.29
30.70
27.52
8
17.20
FCF margin%
13.43
12.53
12.31
12.93
11.17
12.17
14.56
16.04
19.00
21.08
17.59
16.04
13.18
37
1.588
FCF / Net incomex
1.868
1.828
2.072
2.040
2.305
2.381
2.511
2.721
3.016
3.085
0.515
2.721
2.343
35
13.65
ROIC%
5.64
4.31
7.29
5.01
7.98
5.38
4.43
1.89
3.61
3.56
7.01
3.61
4.72
37
19.20
Return on equity%
1.96
3.94
3.01
0.56
2.34
5.17
6.07
4.20
2.75
2.71
5.99
4.20
2.88
58
28.16
Return on assets%
11.88
10.47
12.85
10.02
10.36
10.96
12.57
12.76
15.63
15.40
4.59
12.76
12.22
30
4.18
EPSNT$
7.39
7.79
7.92
9.06
10.40
10.03
11.14
10.84
10.76
10.64
4.35
0.46%
4.74%
—
12.98
EPS growth%
18.54
20.69
20.88
19.47
16.52
15.34
12.69
13.25
14.03
14.85
12.63
14.03
15.93
63
2.78
Bookvalue per shNT$
6.26
5.59
6.08
6.24
6.06
5.74
5.30
5.15
4.88
4.66
6.62
(5.11%)
(1.73%)
—
6.88
FCF per shareNT$
3.80
4.07
3.98
3.86
4.25
4.86
5.33
5.32
5.46
5.41
5.35
4.96%
3.75%
—
6.80
Dividend per shNT$
1.61
1.62
1.62
1.74
2.05
2.32
2.25
2.41
2.30
2.59
1.64
4.81%
5.19%
—
12.05
Div yield (avg)%
14.87
16.90
14.62
15.96
14.59
12.30
13.96
11.41
13.21
12.92
25.14
12.92
14.27
69
20.48
Payout ratio%
27.23
25.93
23.71
23.55
23.18
22.55
21.11
19.36
20.78
21.12
22.56
21.11
22.86
82
136.3
Shares (diluted)M
209.0
222.3
226.4
231.1
232.4
216.0
216.3
224.1
206.8
209.6
139.0
(2.04%)
0.99%
20
11.28
Buyback yield%
17.48
16.59
19.36
17.28
20.06
22.05
21.83
20.90
20.89
19.27
27.50
20.90
19.71
58
0.491
D/E ratiox
0.617
0.605
0.609
0.643
0.688
0.797
0.924
1.001
1.022
1.133
1.419
1.001
0.743
54
0.797
Enterprise valueNT$B
2.417
2.690
2.907
3.100
3.261
3.881
4.534
4.939
5.358
5.501
0.931
11.03%
10.11%
18
1,268
LT debtNT$M
756.5
702.5
683.0
657.5
637.3
687.0
723.2
671.1
629.7
589.5
500.8
(1.55%)
(2.37%)
10
Cost of revenue
9.48%
1.02×
Operating expenses
9.05%
0.99×
Property and equipment
18.09%
Spread over hurdle
(0.25%)