515.2
RevenueNT$M
344.7
361.6
389.5
417.9
439.4
469.7
502.9
534.2
581.8
612.0
527.3
6.85%
6.41%
93
16.78
Revenue growth%
22.30
23.23
22.31
25.00
22.85
24.80
22.20
22.00
22.13
23.19
22.05
22.20
22.58
37
4.55
Gross margin%
15.45
13.95
16.77
17.71
14.94
14.46
11.48
9.20
8.53
6.58
29.11
9.20
14.21
44
16.17
Operating margin%
20.67
17.78
17.50
14.83
13.02
15.80
14.81
13.23
15.24
13.80
18.24
14.81
15.03
8
17.28
Net margin%
16.11
17.28
20.22
19.88
20.56
21.18
20.37
17.59
17.32
19.67
7.82
19.67
19.78
18
15.03
P/E ratio (avg)x
43.19
41.92
38.23
41.72
38.47
36.98
35.46
36.80
38.57
36.93
30.89
36.93
38.35
18
8.798
EV/EBITx
59.78
60.49
58.84
62.28
73.28
71.22
74.16
72.52
79.85
79.64
35.19
74.16
71.87
17
26.52
FCF yield (avg)%
13.73
14.42
13.92
11.54
8.78
6.82
9.29
8.88
6.01
5.13
19.00
6.82
9.08
25
21.51
FCF margin%
20.95
22.88
22.41
25.13
22.99
20.16
20.01
17.92
17.51
15.84
10.44
17.92
20.56
83
0.873
FCF / Net incomex
0.919
0.899
0.911
0.963
0.974
1.116
1.078
1.078
1.033
1.019
0.710
1.078
0.996
19
12.22
ROIC%
19.80
20.71
17.98
15.42
16.89
16.79
18.54
17.50
20.07
21.46
16.20
18.54
18.26
81
5.83
Return on equity%
18.13
19.08
21.03
21.23
23.13
25.02
23.20
21.55
22.71
20.00
26.42
22.71
21.39
46
18.07
Return on assets%
19.25
18.00
15.54
14.14
16.20
16.96
16.72
17.30
15.05
15.81
22.92
16.72
16.46
16
1.29
EPSNT$
0.88
0.87
0.91
0.90
0.98
1.09
1.05
1.09
1.22
1.21
1.37
4.28%
3.81%
—
15.67
EPS growth%
19.99
21.43
18.54
21.07
23.87
26.19
25.98
27.95
26.86
28.62
18.97
26.86
24.92
32
0.63
Bookvalue per shNT$
2.16
2.04
2.30
2.64
2.99
3.02
2.92
3.21
3.09
3.23
0.52
1.55%
4.70%
—
1.19
FCF per shareNT$
2.36
2.52
2.48
2.70
2.99
2.95
3.21
3.68
3.55
4.00
0.54
6.01%
5.35%
—
0.58
Dividend per shNT$
1.77
1.84
2.09
2.00
2.17
2.42
2.24
2.28
2.45
2.58
1.31
3.47%
3.36%
—
10.62
Div yield (avg)%
13.38
11.23
9.76
12.14
9.96
8.58
11.58
11.47
10.77
11.46
4.39
11.46
11.35
94
18.67
Payout ratio%
1.77
0.68
0.40
0.40
3.21
5.52
7.44
9.78
8.16
7.82
6.93
7.82
4.36
45
161.0
Shares (diluted)M
241.7
266.7
307.1
355.3
344.2
340.7
377.9
369.6
434.6
464.8
164.1
6.19%
6.71%
11
24.63
Buyback yield%
28.47
27.08
24.80
27.63
26.46
28.60
29.05
30.23
31.34
31.10
19.50
30.23
28.53
49
1.510
D/E ratiox
0.815
0.928
1.097
1.157
1.257
1.368
1.311
1.255
1.432
1.585
1.047
1.368
1.256
49
181.4
Enterprise valueNT$M
105.2
95.86
95.58
95.04
86.62
79.53
69.11
70.10
62.91
53.37
332.6
(9.23%)
(7.22%)
10
513.8
LT debtNT$M
344.9
315.3
286.6
312.6
293.4
254.1
246.4
222.8
212.9
223.6
40.85
(5.29%)
(4.02%)
62
Cost of revenue
6.87%
1.04×
Operating expenses
5.90%
0.95×
Cash and investments
18.66%
Spread over hurdle
70.13%