4.473
RevenueNT$B
3.014
3.239
3.539
3.818
4.076
4.472
4.872
5.221
5.534
6.006
4.754
8.06%
8.10%
54
29.01
Revenue growth%
6.26
3.79
3.88
4.45
7.08
6.49
4.10
1.45
0.40
1.22
12.70
1.45
3.99
34
25.04
Gross margin%
12.54
12.27
13.79
11.19
10.00
10.47
12.29
14.81
14.22
13.32
22.73
13.32
12.41
21
16.65
Operating margin%
22.05
23.91
20.92
21.54
18.92
19.65
18.07
17.70
18.21
16.04
5.99
18.07
19.28
93
25.53
Net margin%
25.39
23.53
22.14
22.99
22.01
24.77
27.66
26.50
29.03
31.87
15.92
27.66
25.08
46
29.00
P/E ratio (avg)x
14.15
14.56
13.28
14.24
12.80
13.45
14.24
12.52
11.01
11.93
11.23
12.52
13.36
14
22.13
EV/EBITx
11.74
11.85
12.27
14.48
16.52
17.77
20.71
21.60
24.27
24.14
13.41
21.60
17.15
47
22.68
FCF yield (avg)%
11.66
10.05
8.18
9.76
11.13
13.82
14.35
17.14
14.36
15.00
17.92
14.36
12.74
57
4.62
FCF margin%
14.05
15.60
13.24
11.10
10.88
12.04
12.07
9.82
12.52
13.46
4.95
12.07
12.30
85
0.726
FCF / Net incomex
0.404
0.415
0.437
0.413
0.459
0.423
0.448
0.417
0.381
0.383
1.116
0.417
0.416
70
8.28
ROIC%
0.73
3.01
5.44
6.04
8.76
6.17
8.98
11.59
13.33
10.70
28.04
10.70
7.47
81
26.30
Return on equity%
3.51
2.28
2.22
4.97
3.78
6.76
6.80
5.00
4.68
4.46
25.11
5.00
4.57
27
8.73
Return on assets%
12.95
14.96
17.42
18.06
17.52
19.61
17.15
19.72
20.83
18.74
7.22
19.61
17.79
10
3.96
EPSNT$
4.08
4.30
4.44
4.68
4.86
5.49
6.56
6.95
7.35
8.49
4.24
11.78%
8.51%
—
21.92
EPS growth%
27.66
25.94
26.33
26.58
28.60
29.36
28.40
29.60
30.21
28.54
22.19
29.36
28.47
47
11.84
Bookvalue per shNT$
4.04
4.08
4.20
3.59
3.38
3.24
3.21
3.42
3.03
2.66
11.44
(4.68%)
(4.70%)
—
6.16
FCF per shareNT$
9.12
9.09
8.77
8.52
7.67
8.62
8.93
9.92
9.96
8.97
4.95
3.19%
(0.54%)
—
3.23
Dividend per shNT$
4.42
4.35
4.50
4.93
4.70
5.10
5.45
6.17
5.90
5.85
5.53
4.46%
4.18%
—
29.47
Div yield (avg)%
32.42
31.23
31.88
30.05
31.32
30.74
30.90
28.87
29.79
31.33
29.04
30.74
31.06
91
23.13
Payout ratio%
25.40
23.07
20.42
20.66
18.34
17.26
16.41
18.10
20.90
21.88
14.18
18.10
20.54
55
344.2
Shares (diluted)M
458.8
465.1
448.4
506.2
535.9
589.1
652.0
639.2
713.4
747.6
352.5
6.89%
5.85%
83
11.55
Buyback yield%
8.50
8.39
7.48
9.79
8.48
10.60
10.16
10.11
12.14
12.51
24.94
10.60
9.95
90
0.126
D/E ratiox
1.812
1.735
1.797
1.981
2.101
2.355
2.313
2.075
2.259
2.297
0.112
2.297
2.088
74
1.828
Enterprise valueNT$B
0.370
0.395
0.408
0.424
0.480
0.535
0.558
0.590
0.663
0.678
4.209
7.14%
6.79%
34
4.421
LT debtNT$B
3.562
3.481
3.790
4.345
4.858
5.532
5.427
5.375
5.584
5.912
2.153
4.00%
5.51%
78
Cost of revenue
8.58%
1.04×
Operating expenses
7.48%
0.94×
Spread over hurdle
(2.34%)