2.020
RevenueNT$B
2.906
3.002
3.052
3.079
3.218
3.285
3.356
3.420
3.477
3.616
2.108
2.36%
2.32%
65
11.20
Revenue growth%
24.75
22.95
21.38
23.49
25.89
24.42
23.32
25.43
26.15
27.00
12.47
25.43
24.58
26
28.72
Gross margin%
15.29
16.85
14.09
11.61
9.74
6.74
4.24
5.75
5.18
7.34
14.69
5.75
8.54
61
13.34
Operating margin%
25.99
28.18
27.70
26.10
23.43
26.28
26.54
24.42
21.43
21.78
12.37
24.42
26.05
7
21.75
Net margin%
25.98
27.93
28.16
30.31
31.28
33.51
36.50
38.25
36.16
33.20
6.56
36.16
32.24
18
26.01
P/E ratio (avg)x
72.58
86.43
95.69
92.51
97.39
94.32
104.5
105.5
105.0
110.5
19.23
105.0
96.54
88
36.09
EV/EBITx
13.16
12.23
12.74
13.63
13.17
12.48
11.75
12.50
11.80
12.21
6.954
12.21
12.49
69
29.57
FCF yield (avg)%
4.95
4.74
3.22
1.29
2.91
2.27
1.80
0.40
0.40
0.40
6.70
0.40
2.04
50
22.61
FCF margin%
26.11
28.25
25.64
22.81
25.45
27.82
25.01
24.90
22.82
22.01
25.16
24.90
25.23
68
1.300
FCF / Net incomex
0.118
0.113
0.107
0.099
0.103
0.110
0.127
0.122
0.136
0.129
0.666
0.127
0.115
30
25.84
ROIC%
9.10
9.84
12.63
10.98
13.73
12.39
14.01
16.59
14.74
14.52
24.37
14.52
13.18
94
29.17
Return on equity%
5.83
7.56
7.55
10.42
11.94
14.04
15.70
15.62
18.58
19.01
13.62
15.70
12.99
17
9.34
Return on assets%
10.64
12.05
11.02
8.81
9.75
11.32
12.47
11.02
9.07
9.26
4.45
11.02
10.83
54
6.98
EPSNT$
3.37
3.88
4.12
4.93
5.12
6.16
7.31
7.22
7.82
8.96
7.25
11.85%
10.53%
—
2.47
EPS growth%
13.42
12.30
10.71
8.86
6.05
7.79
10.71
8.59
10.14
7.20
5.56
8.59
9.50
91
1.40
Bookvalue per shNT$
4.07
3.80
3.90
3.53
3.19
3.39
3.38
2.95
3.10
2.68
6.21
(3.41%)
(4.89%)
—
7.60
FCF per shareNT$
6.70
7.41
7.89
7.85
8.50
9.52
10.91
11.21
13.04
13.38
7.70
9.51%
8.14%
—
1.74
Dividend per shNT$
7.76
9.12
10.84
11.21
13.37
13.39
15.53
18.37
19.85
21.61
2.04
10.09%
11.95%
—
15.32
Div yield (avg)%
20.22
21.23
21.01
22.21
22.86
21.85
19.27
16.60
15.74
17.98
2.35
17.98
20.62
53
9.81
Payout ratio%
19.59
21.89
20.43
18.12
16.13
15.81
14.38
11.75
9.95
9.81
19.97
11.75
15.97
94
311.6
Shares (diluted)M
198.3
197.9
189.5
176.6
162.1
155.5
150.2
148.9
156.2
145.5
322.3
(2.13%)
(2.94%)
38
6.06
Buyback yield%
16.51
17.96
17.82
20.43
18.14
16.70
17.65
14.73
13.94
16.09
5.63
16.09
17.18
65
0.689
D/E ratiox
1.213
1.288
1.444
1.643
1.632
1.782
1.917
2.236
2.354
2.811
0.416
2.236
1.712
74
1.126
Enterprise valueNT$B
1.956
2.008
1.773
1.534
1.301
1.231
1.099
1.062
1.109
1.049
2.318
(4.23%)
(7.53%)
71
4.018
LT debtNT$B
4.628
5.038
5.446
5.914
6.023
6.669
6.685
6.431
6.967
8.098
3.997
6.10%
6.83%
45
Cost of revenue
2.27%
1.00×
Operating expenses
2.50%
1.02×
Spread over hurdle
20.03%