2.023
RevenueNT$B
4.716
4.795
4.902
4.923
4.811
4.763
4.777
4.786
4.831
4.767
2.180
(0.18%)
(0.09%)
37
25.42
Revenue growth%
19.66
21.38
22.04
23.87
24.31
21.75
22.98
20.05
18.76
20.20
4.34
20.20
21.57
28
21.54
Gross margin%
28.17
28.95
31.74
32.46
30.24
32.68
35.39
35.32
33.23
33.42
18.96
33.42
32.57
17
11.95
Operating margin%
20.82
22.33
19.60
20.03
21.44
19.48
17.60
16.78
14.19
14.52
11.84
16.78
19.54
27
18.69
Net margin%
19.46
18.15
20.58
19.93
21.21
21.70
22.07
20.44
19.05
19.68
21.37
20.44
20.19
75
32.69
P/E ratio (avg)x
14.51
14.44
15.34
15.17
13.28
11.92
11.34
11.48
11.05
10.91
32.78
11.34
12.60
75
36.88
EV/EBITx
39.65
37.91
35.07
36.66
34.12
34.36
35.44
33.87
37.52
36.93
31.86
35.44
36.05
15
7.64
FCF yield (avg)%
32.23
30.97
32.97
30.75
33.28
31.42
30.94
28.78
27.22
29.64
13.54
29.64
30.96
18
18.69
FCF margin%
12.84
13.32
12.76
12.11
11.52
9.70
11.44
13.57
12.65
15.01
20.69
12.65
12.71
79
0.696
FCF / Net incomex
1.075
1.209
1.380
1.603
1.689
1.768
1.903
2.032
2.293
2.450
1.768
2.032
1.729
37
17.35
ROIC%
3.41
2.57
1.12
0.40
1.90
2.80
4.54
5.55
6.81
6.32
5.58
5.55
3.11
79
8.20
Return on equity%
4.59
3.12
2.87
5.78
5.86
5.16
3.09
3.74
3.33
2.27
24.78
3.33
3.53
67
27.85
Return on assets%
7.90
6.20
3.73
0.93
0.50
2.72
2.30
2.64
1.63
1.23
13.83
2.30
2.47
42
8.11
EPSNT$
28.20
29.23
29.28
29.83
35.46
34.41
40.79
47.22
56.01
59.41
9.01
10.87%
9.57%
—
7.78
EPS growth%
25.12
26.23
28.33
26.86
28.01
26.66
28.19
30.25
32.70
30.81
29.81
30.25
28.10
57
12.76
Bookvalue per shNT$
11.76
10.81
9.81
9.12
9.58
10.34
9.20
10.08
9.02
8.52
35.42
(2.32%)
(2.88%)
—
8.24
FCF per shareNT$
49.99
58.15
60.99
71.64
71.17
85.30
88.99
96.19
114.71
113.70
10.67
9.82%
8.52%
—
23.28
Dividend per shNT$
49.24
51.07
52.79
53.81
60.94
59.90
62.35
58.41
54.82
58.53
22.81
(0.80%)
2.60%
—
16.86
Div yield (avg)%
5.65
5.92
6.64
6.41
6.15
4.43
5.29
5.24
8.09
7.97
26.90
5.29
6.04
40
12.08
Payout ratio%
17.61
17.62
15.75
17.82
15.52
16.92
19.43
19.33
22.10
21.32
3.01
19.43
17.72
61
122.8
Shares (diluted)M
112.6
114.8
114.8
125.3
114.0
110.9
124.2
116.1
106.4
112.2
120.9
(0.33%)
0.42%
38
26.79
Buyback yield%
25.24
25.36
28.00
27.70
26.93
26.77
23.87
25.01
26.04
24.96
23.44
25.01
25.70
38
0.143
D/E ratiox
1.284
1.337
1.400
1.332
1.376
1.476
1.398
1.327
1.218
1.093
0.878
1.327
1.335
85
3.656
Enterprise valueNT$B
5.139
5.671
5.785
5.932
5.954
6.705
7.395
8.143
9.006
10.15
1.373
11.26%
6.64%
72
2.112
LT debtNT$B
1.257
1.335
1.413
1.541
1.403
1.554
1.498
1.594
1.724
1.607
4.133
2.76%
1.38%
81
Cost of revenue
(0.09%)
1.00×
Operating expenses
0.15%
1.02×
Goodwill & intangibles
16.66%
Spread over hurdle
(3.50%)