1.038
RevenueNT$B
1.505
1.602
1.713
1.851
1.959
2.085
2.207
2.425
2.591
2.810
1.123
7.48%
7.44%
72
11.39
Revenue growth%
25.67
23.80
22.70
24.32
23.31
23.95
24.50
24.15
26.58
28.37
10.64
24.50
24.24
72
11.42
Gross margin%
30.35
30.12
29.87
29.17
26.99
26.89
25.44
26.18
28.93
26.81
18.66
26.81
27.96
81
22.35
Operating margin%
15.60
17.20
15.41
13.29
14.53
15.74
15.13
17.92
16.22
17.05
19.17
16.22
15.67
61
17.39
Net margin%
16.24
18.97
20.71
21.09
24.01
22.13
23.86
25.17
27.29
25.10
10.63
25.10
23.00
60
12.68
P/E ratio (avg)x
11.48
12.47
13.67
13.04
13.97
12.70
14.18
15.47
16.99
17.46
8.497
15.47
13.82
75
26.73
EV/EBITx
49.97
52.17
54.53
54.34
54.18
54.03
57.22
58.04
66.05
68.54
9.101
58.04
54.43
79
3.89
FCF yield (avg)%
26.54
23.69
26.20
26.62
24.09
25.25
25.58
23.19
24.93
26.03
11.04
25.25
25.42
37
13.26
FCF margin%
24.74
21.94
19.11
18.68
20.89
19.31
18.47
19.31
18.38
19.18
7.44
19.18
19.25
76
0.807
FCF / Net incomex
1.717
1.923
2.205
2.422
2.385
2.735
2.694
2.954
3.094
3.075
0.192
2.954
2.558
29
18.32
ROIC%
26.71
28.06
30.78
32.60
31.19
29.55
31.51
29.51
28.80
29.45
21.83
29.51
29.53
88
3.21
Return on equity%
21.72
22.16
24.17
26.02
28.68
29.07
26.62
25.45
23.10
21.94
23.73
25.45
24.81
72
22.42
Return on assets%
0.40
1.69
4.11
3.89
1.73
4.23
5.57
5.61
6.71
7.30
7.43
5.61
4.17
91
0.63
EPSNT$
2.54
2.95
2.90
3.13
3.00
3.06
3.58
3.93
4.34
4.11
0.68
6.54%
5.00%
—
9.37
EPS growth%
14.32
16.15
14.65
13.87
15.19
15.42
14.53
16.69
14.25
11.28
21.81
14.53
14.59
57
2.59
Bookvalue per shNT$
3.32
3.65
4.22
4.86
4.70
4.71
4.86
4.81
4.65
4.75
2.43
0.20%
5.28%
—
0.48
FCF per shareNT$
2.55
2.44
2.23
2.42
2.46
2.27
2.33
2.52
2.35
2.51
1.77
0.46%
0.78%
—
0.75
Dividend per shNT$
2.67
2.38
2.48
2.56
2.37
2.46
2.52
2.68
2.54
2.41
2.58
0.37%
(0.98%)
—
6.04
Div yield (avg)%
26.95
28.90
27.56
29.55
31.31
33.57
34.53
36.99
37.85
38.71
18.70
36.99
32.44
81
17.56
Payout ratio%
14.33
14.16
11.67
12.63
14.15
16.36
14.96
13.21
14.53
13.24
5.64
14.53
14.16
44
312.4
Shares (diluted)M
395.6
453.6
528.7
579.4
617.8
676.0
677.6
773.0
747.2
887.5
311.3
7.52%
9.30%
7
11.23
Buyback yield%
26.13
28.57
30.66
28.48
30.31
28.51
26.06
26.14
27.69
30.28
22.25
27.69
28.49
88
1.210
D/E ratiox
0.919
0.896
0.955
0.945
0.978
1.041
1.138
1.132
1.080
1.118
0.412
1.118
1.009
76
560.3
Enterprise valueNT$M
223.3
214.8
224.7
227.1
211.3
223.5
225.7
232.5
263.7
292.2
399.0
6.69%
3.65%
66
0.361
LT debtNT$B
1.252
1.230
1.312
1.350
1.461
1.637
1.642
1.925
2.111
2.155
2.126
8.08%
6.19%
66
Cost of revenue
7.64%
1.02×
Operating expenses
6.94%
0.95×
Spread over hurdle
49.64%