201.3
RevenueNT$M
187.6
191.0
194.9
200.5
199.0
204.8
211.6
218.9
221.0
226.3
218.6
2.60%
1.93%
51
12.89
Revenue growth%
14.84
17.23
14.30
15.16
12.50
15.40
15.60
18.57
18.31
16.26
9.49
16.26
15.50
61
24.84
Gross margin%
13.01
14.15
14.51
15.23
13.54
15.12
16.13
17.80
17.52
20.27
3.18
17.52
15.18
85
17.93
Operating margin%
24.61
26.72
26.19
25.39
23.80
21.67
23.08
23.73
23.33
20.63
11.33
23.08
23.77
18
8.04
Net margin%
5.07
3.65
5.38
3.55
2.26
3.77
2.11
0.40
0.40
2.20
25.81
2.11
2.91
73
37.81
P/E ratio (avg)x
22.01
22.05
22.55
24.50
25.10
24.74
23.01
20.63
21.24
23.28
24.38
23.01
22.78
44
25.54
EV/EBITx
14.46
14.46
15.78
14.56
15.71
15.25
16.48
16.61
16.95
14.90
17.41
16.48
15.48
51
18.46
FCF yield (avg)%
12.31
13.61
16.38
18.69
17.24
19.90
18.06
16.57
14.28
15.39
16.39
16.57
16.47
27
26.14
FCF margin%
26.46
23.91
24.04
21.90
20.58
18.53
15.62
15.56
15.26
15.11
12.68
15.56
19.56
73
1.108
FCF / Net incomex
0.544
0.510
0.510
0.455
0.513
0.457
0.489
0.499
0.474
0.457
0.461
0.474
0.494
52
22.18
ROIC%
20.18
17.55
15.59
18.52
17.36
20.30
22.55
20.44
19.43
17.54
9.29
20.30
18.97
25
13.46
Return on equity%
22.62
24.54
22.53
19.71
17.41
16.60
17.56
15.81
18.01
17.05
24.48
17.05
17.78
42
27.25
Return on assets%
14.32
12.59
11.96
13.96
12.11
11.01
11.12
10.26
8.94
8.11
4.26
10.26
11.54
83
0.93
EPSNT$
1.72
1.70
1.47
1.54
1.47
1.29
1.26
1.16
1.12
0.96
1.00
(8.17%)
(6.45%)
—
11.30
EPS growth%
22.37
21.31
21.06
23.09
23.85
21.42
21.61
20.96
23.71
24.01
19.95
21.61
21.99
23
1.94
Bookvalue per shNT$
1.56
1.58
1.51
1.55
1.50
1.51
1.46
1.60
1.76
1.94
2.11
5.30%
2.64%
—
0.71
FCF per shareNT$
3.24
3.29
3.47
3.98
4.16
4.49
4.74
5.18
5.24
5.91
3.04
7.25%
7.18%
—
1.74
Dividend per shNT$
5.08
5.32
5.20
5.25
5.58
6.51
7.21
7.25
7.48
8.40
1.66
8.51%
6.26%
—
19.56
Div yield (avg)%
0.47
1.22
0.40
0.40
1.96
3.80
4.85
4.36
1.75
0.68
10.15
3.80
1.49
43
26.34
Payout ratio%
27.12
24.14
26.07
25.87
23.57
24.92
24.50
23.40
22.41
21.29
26.70
23.40
24.32
31
94.74
Shares (diluted)M
183.1
203.6
198.2
218.3
249.4
257.8
298.0
294.4
349.0
351.7
97.95
7.12%
8.67%
38
26.13
Buyback yield%
4.05
2.84
3.86
0.86
2.30
2.59
0.40
0.40
1.90
4.08
23.52
1.90
2.45
10
1.010
D/E ratiox
2.103
2.307
2.398
2.728
3.045
2.996
3.299
3.472
3.660
4.041
0.510
3.472
3.021
19
226.4
Enterprise valueNT$M
94.98
106.1
125.8
122.7
138.0
150.2
146.8
166.4
180.5
196.4
155.4
7.30%
9.14%
37
84.84
LT debtNT$M
63.90
63.88
64.63
74.61
86.10
84.62
92.61
95.61
99.59
103.8
256.4
3.81%
4.59%
35
Cost of revenue
1.95%
1.00×
Operating expenses
1.61%
0.97×
Cash and investments
20.42%
Spread over hurdle
13.24%