25.70
RevenueNT$M
205.0
223.5
239.4
258.3
278.3
294.2
315.9
345.0
378.4
403.6
28.31
7.72%
7.91%
57
21.43
Revenue growth%
13.69
14.50
16.22
13.83
13.97
16.83
16.06
13.61
13.44
12.53
7.76
13.61
13.90
95
7.91
Gross margin%
3.76
6.15
7.92
8.26
10.76
13.38
12.99
13.16
13.98
12.17
9.05
13.16
11.47
56
12.32
Operating margin%
25.72
28.20
27.51
26.08
27.75
29.59
28.62
28.11
29.71
30.76
9.29
29.59
28.15
26
7.27
Net margin%
4.01
4.34
2.33
0.40
0.40
1.77
1.66
3.84
4.98
4.46
9.14
3.84
3.09
6
24.50
P/E ratio (avg)x
25.58
27.29
25.86
25.80
22.41
20.07
22.06
22.62
23.34
20.52
31.02
22.06
22.98
52
15.56
EV/EBITx
12.16
10.95
10.25
9.271
8.640
8.711
9.151
9.411
9.653
10.16
17.15
9.411
9.532
35
15.28
FCF yield (avg)%
15.67
13.74
12.19
11.97
9.38
9.61
9.68
8.54
5.91
6.46
8.68
8.54
9.64
83
14.01
FCF margin%
4.64
4.24
5.03
6.24
8.41
6.61
9.05
7.39
4.81
2.78
5.31
6.61
5.63
62
1.735
FCF / Net incomex
1.128
1.024
0.927
0.795
0.679
0.724
0.631
0.629
0.602
0.538
1.183
0.629
0.702
12
2.41
ROIC%
3.64
2.28
2.25
3.05
2.46
0.83
2.65
2.03
0.40
0.40
10.26
0.83
2.27
91
2.30
Return on equity%
4.78
2.04
3.34
5.46
5.91
5.42
5.69
7.40
10.35
10.84
6.68
7.40
5.58
47
19.08
Return on assets%
13.49
15.08
13.41
15.12
17.42
17.99
16.38
18.27
19.57
17.56
22.11
17.99
16.90
33
1.13
EPSNT$
5.26
5.94
6.96
7.57
8.24
9.41
8.96
9.75
9.72
11.09
1.18
6.11%
9.43%
—
10.61
EPS growth%
33.07
32.40
29.95
30.09
30.58
33.53
35.27
33.07
35.08
33.81
14.62
33.81
33.07
33
5.14
Bookvalue per shNT$
4.29
4.44
4.82
5.02
5.68
6.52
7.42
7.28
8.10
8.88
3.61
9.34%
7.14%
—
4.73
FCF per shareNT$
7.19
7.64
8.22
8.57
8.49
9.46
10.18
10.54
10.84
10.72
4.99
4.78%
5.84%
—
3.82
Dividend per shNT$
4.11
3.88
3.90
3.86
4.07
4.13
4.67
4.96
4.55
5.20
5.07
5.04%
1.66%
—
28.67
Div yield (avg)%
23.78
25.64
28.19
30.90
30.39
32.15
31.46
32.23
31.40
31.39
19.90
31.46
31.14
11
19.39
Payout ratio%
18.81
16.42
16.36
16.23
13.87
15.69
16.06
13.08
14.43
13.24
13.01
14.43
15.87
92
102.2
Shares (diluted)M
79.49
81.53
78.93
81.39
85.46
77.60
75.01
66.80
62.20
64.01
104.0
(5.62%)
(2.91%)
37
3.35
Buyback yield%
5.59
2.85
5.75
7.34
10.29
8.82
11.30
10.27
10.00
8.99
25.72
10.00
8.90
14
1.029
D/E ratiox
0.284
0.306
0.304
0.274
0.263
0.272
0.235
0.243
0.210
0.178
1.433
0.235
0.267
30
295.9
Enterprise valueNT$M
209.4
179.8
187.4
163.9
170.1
175.9
156.0
152.0
140.4
150.9
119.1
(2.37%)
(3.50%)
49
206.4
LT debtNT$M
345.1
339.5
380.1
373.5
365.9
399.6
399.3
466.3
496.6
516.0
24.96
7.12%
4.75%
80
Cost of revenue
8.01%
1.01×
Operating expenses
7.31%
0.95×
Property and equipment
16.84%
Goodwill & intangibles
16.49%
Spread over hurdle
(1.74%)