3.757
RevenueNT$B
1.937
1.999
2.095
2.218
2.392
2.529
2.689
2.829
2.926
3.135
4.143
5.56%
5.54%
23
17.36
Revenue growth%
13.93
13.55
12.79
14.65
17.43
14.80
14.04
16.29
17.53
20.27
20.45
16.29
14.72
71
24.87
Gross margin%
23.65
21.19
19.86
19.93
18.63
19.99
19.43
21.41
19.37
20.87
5.79
19.99
19.96
63
7.24
Operating margin%
27.95
28.89
31.79
32.28
30.79
32.77
33.08
35.21
37.50
37.01
14.11
35.21
32.52
20
15.70
Net margin%
7.50
6.69
5.19
7.75
9.54
7.71
6.84
6.61
5.05
7.05
3.43
6.84
6.94
72
21.60
P/E ratio (avg)x
30.56
32.82
35.06
33.91
33.64
33.50
37.39
42.29
45.54
51.31
14.25
42.29
34.49
23
31.81
EV/EBITx
8.022
8.722
9.792
10.61
11.94
12.42
13.10
12.78
12.51
12.35
17.34
12.51
12.14
60
9.86
FCF yield (avg)%
30.35
32.45
29.93
28.06
28.17
30.93
32.59
31.78
34.67
33.12
12.61
32.59
31.36
58
10.22
FCF margin%
8.09
7.12
5.08
3.50
1.94
3.00
2.07
0.84
2.26
2.32
19.62
2.26
2.66
73
0.650
FCF / Net incomex
0.502
0.431
0.373
0.364
0.370
0.398
0.417
0.453
0.445
0.449
0.490
0.445
0.424
22
23.21
ROIC%
2.25
0.40
1.91
0.40
2.09
1.97
0.40
0.40
3.22
0.41
28.78
0.41
1.16
50
24.50
Return on equity%
5.84
8.18
10.63
12.14
13.71
12.93
14.50
16.96
15.03
15.38
17.43
15.03
13.32
75
5.48
Return on assets%
25.71
25.29
24.27
26.32
26.55
25.20
26.04
23.66
26.25
29.24
27.28
26.04
25.88
84
28.40
EPSNT$
23.05
25.40
26.68
29.05
31.87
36.42
36.71
34.09
37.07
39.01
30.75
4.12%
6.07%
—
19.34
EPS growth%
10.41
11.22
11.21
11.62
11.96
11.86
9.08
8.60
8.52
5.54
24.64
8.60
10.81
29
13.21
Bookvalue per shNT$
49.53
53.08
50.11
46.89
47.25
46.27
51.62
52.86
53.71
62.15
11.78
5.64%
3.23%
—
24.95
FCF per shareNT$
19.98
20.68
19.53
17.40
18.27
19.80
19.79
20.86
23.47
23.41
17.01
5.08%
2.81%
—
30.57
Dividend per shNT$
43.77
52.62
62.12
69.47
83.85
94.70
98.28
112.41
132.08
152.75
34.72
12.74%
15.50%
—
17.88
Div yield (avg)%
5.02
6.27
7.89
9.13
6.75
7.80
5.08
3.01
1.03
0.40
2.50
3.01
5.67
67
8.06
Payout ratio%
14.01
13.79
13.84
15.93
18.08
18.37
20.37
17.96
15.66
14.49
9.71
17.96
15.79
88
69.26
Shares (diluted)M
91.48
108.9
110.6
126.8
128.3
129.3
129.5
141.4
154.4
178.8
67.79
6.87%
8.11%
32
26.16
Buyback yield%
16.49
19.02
21.76
20.02
18.84
20.42
17.76
14.80
12.76
11.63
28.72
14.80
18.30
16
0.774
D/E ratiox
2.020
2.175
2.264
2.266
2.479
2.762
3.007
3.174
2.984
3.267
0.497
3.007
2.621
64
999.8
Enterprise valueNT$M
260.9
303.2
308.9
363.4
388.2
447.3
505.6
592.1
648.2
679.4
818.1
11.85%
11.85%
48
2.543
LT debtNT$B
0.716
0.723
0.711
0.660
0.659
0.588
0.546
0.487
0.440
0.460
2.428
(6.95%)
(5.28%)
80
Cost of revenue
5.70%
1.02×
Operating expenses
4.94%
0.94×
Goodwill & intangibles
17.84%