2.135
RevenueNT$B
1.594
1.689
1.835
1.959
2.068
2.207
2.340
2.570
2.808
3.064
2.190
8.18%
7.65%
44
5.54
Revenue growth%
24.25
27.07
28.64
29.80
30.79
29.16
29.88
32.08
29.22
28.38
24.12
29.22
29.19
25
6.17
Gross margin%
34.75
34.42
35.94
33.83
31.84
34.13
31.85
32.84
35.52
33.62
20.39
33.62
33.98
62
14.40
Operating margin%
14.99
15.71
18.12
17.08
16.62
18.97
21.53
23.95
26.41
27.51
26.91
23.95
18.54
26
12.39
Net margin%
26.60
27.97
26.13
27.14
26.19
23.76
22.69
22.57
21.18
23.99
6.23
22.69
25.06
50
18.08
P/E ratio (avg)x
48.96
50.17
48.13
50.72
55.65
52.80
59.91
60.42
59.59
69.70
30.46
59.91
54.22
67
27.40
EV/EBITx
21.18
24.20
25.09
29.92
33.94
35.10
42.64
47.93
48.81
49.06
22.11
47.93
34.52
6
4.63
FCF yield (avg)%
10.51
11.35
13.22
15.37
13.27
15.32
15.18
17.97
19.77
20.03
3.51
17.97
15.25
60
29.96
FCF margin%
4.98
7.02
4.70
7.47
7.14
8.67
5.86
5.25
5.22
7.87
23.29
5.86
6.44
93
1.353
FCF / Net incomex
0.480
0.521
0.463
0.512
0.491
0.462
0.430
0.415
0.400
0.360
0.624
0.415
0.462
26
19.22
ROIC%
12.91
14.18
15.20
13.94
14.95
13.88
15.13
16.32
14.57
13.07
9.88
14.57
14.37
50
23.66
Return on equity%
20.35
19.86
19.69
20.31
21.75
19.26
21.02
22.06
22.07
22.10
2.46
22.06
20.69
27
15.97
Return on assets%
7.93
6.33
3.99
4.49
4.09
1.95
3.19
5.92
3.87
2.50
25.02
3.19
4.04
78
6.76
EPSNT$
7.80
8.30
8.01
8.76
10.26
11.86
11.88
11.22
12.84
12.22
7.47
3.57%
6.25%
—
21.20
EPS growth%
5.90
6.28
8.69
9.28
7.40
4.66
5.78
4.59
7.30
7.86
24.77
5.78
6.79
84
4.18
Bookvalue per shNT$
6.74
6.81
7.14
7.31
8.20
9.34
9.00
9.86
11.16
11.51
6.44
7.01%
5.50%
—
7.24
FCF per shareNT$
6.91
7.25
8.57
8.70
10.24
12.06
11.99
12.76
13.89
16.66
4.04
10.21%
9.38%
—
4.61
Dividend per shNT$
5.78
5.46
6.16
5.85
6.55
7.00
7.97
8.79
9.33
10.68
3.51
10.27%
6.70%
—
19.38
Div yield (avg)%
14.90
13.67
14.64
15.22
17.02
16.65
19.32
17.24
17.40
19.45
11.31
17.40
16.83
66
23.66
Payout ratio%
10.16
10.62
9.63
6.80
4.29
5.16
7.98
5.53
6.03
3.05
19.21
5.53
6.41
31
135.4
Shares (diluted)M
144.5
166.6
174.6
194.7
215.8
238.1
261.2
248.3
283.7
276.6
130.9
5.08%
7.35%
53
21.45
Buyback yield%
25.14
23.77
23.55
22.21
19.22
16.79
16.41
19.20
19.08
21.76
15.09
19.08
20.49
10
1.522
D/E ratiox
0.218
0.199
0.176
0.191
0.191
0.188
0.187
0.199
0.184
0.187
1.129
0.187
0.189
36
2.076
Enterprise valueNT$B
3.622
3.592
3.658
3.837
3.607
4.091
4.683
5.111
5.517
5.252
1.390
7.81%
4.80%
55
746.5
LT debtNT$M
294.4
303.9
289.6
303.1
269.7
281.9
274.5
268.3
271.2
292.9
575.2
1.67%
0.24%
22
Cost of revenue
8.10%
1.04×
Operating expenses
6.71%
0.92×
Cash and investments
18.90%
Property and equipment
14.53%
Spread over hurdle
18.42%