101.2
RevenueNT$M
95.50
102.3
109.2
119.6
130.9
141.1
150.7
162.8
178.4
191.2
112.5
7.88%
7.70%
44
2.73
Revenue growth%
14.40
14.07
12.42
14.18
14.66
16.06
18.95
20.51
18.29
16.76
13.31
18.29
15.36
47
18.23
Gross margin%
0.60
2.08
0.40
0.40
0.40
0.40
0.40
1.31
0.40
0.40
18.30
0.40
0.40
87
12.01
Operating margin%
1.04
0.89
0.63
3.08
2.28
4.79
2.49
1.17
0.40
2.72
18.47
2.49
1.72
92
23.60
Net margin%
13.89
11.97
9.58
11.69
9.29
9.75
12.54
15.00
13.15
14.44
19.97
13.15
12.26
17
30.74
P/E ratio (avg)x
42.57
44.33
49.80
48.15
53.60
56.51
53.14
58.49
59.18
63.28
6.677
58.49
53.37
19
28.53
EV/EBITx
25.63
23.70
27.06
27.45
29.54
30.72
30.09
29.18
31.51
33.36
29.53
30.72
29.36
38
21.92
FCF yield (avg)%
3.67
2.91
2.35
3.30
2.72
3.45
4.63
7.24
5.12
6.40
9.79
5.12
3.56
32
2.86
FCF margin%
19.56
21.31
21.10
19.30
20.45
17.77
16.74
13.85
13.30
11.88
25.64
13.85
18.54
93
0.177
FCF / Net incomex
1.376
1.465
1.363
1.225
1.129
1.145
1.195
1.057
1.174
1.145
0.899
1.145
1.185
40
11.50
ROIC%
13.94
14.96
14.15
14.10
12.08
13.07
15.64
17.83
19.60
17.31
25.90
17.31
14.55
30
29.33
Return on equity%
31.32
29.40
31.99
33.13
34.85
33.71
33.13
34.60
32.05
29.45
3.78
33.13
32.59
26
28.01
Return on assets%
5.60
7.43
10.37
9.50
6.66
4.32
2.69
1.04
0.40
0.40
15.89
1.04
4.96
66
1.43
EPSNT$
0.30
0.29
0.30
0.34
0.33
0.38
0.39
0.45
0.48
0.53
1.60
9.88%
6.25%
—
22.41
EPS growth%
33.26
35.81
34.59
36.63
36.39
35.43
38.24
36.09
36.29
36.45
9.96
36.29
36.19
22
0.56
Bookvalue per shNT$
1.20
1.27
1.36
1.33
1.35
1.27
1.39
1.44
1.44
1.49
1.21
1.97%
2.94%
—
0.99
FCF per shareNT$
1.52
1.53
1.43
1.31
1.44
1.62
1.56
1.42
1.60
1.55
0.75
1.57%
0.01%
—
0.59
Dividend per shNT$
1.55
1.49
1.47
1.62
1.51
1.75
2.02
2.13
2.25
2.44
1.45
10.01%
5.33%
—
11.29
Div yield (avg)%
8.03
10.42
10.76
12.78
12.18
9.75
9.66
11.33
8.84
8.94
24.90
9.66
10.09
11
4.38
Payout ratio%
13.34
14.69
14.50
14.80
12.34
12.58
14.60
14.22
15.31
13.74
12.49
14.22
14.36
72
53.55
Shares (diluted)M
49.06
44.44
40.26
40.39
41.68
43.31
46.05
52.08
53.77
54.30
54.25
5.43%
0.44%
86
9.56
Buyback yield%
27.25
26.48
29.11
27.04
27.50
25.88
23.72
25.56
27.01
25.08
18.93
25.56
26.74
56
0.917
D/E ratiox
2.466
2.640
2.698
2.671
2.797
2.736
2.683
2.651
2.659
2.617
1.205
2.659
2.665
14
81.51
Enterprise valueNT$M
112.6
121.4
116.3
121.8
116.7
114.0
131.6
150.8
158.4
155.0
156.3
5.83%
4.70%
80
118.4
LT debtNT$M
115.1
111.4
116.9
134.9
154.9
177.8
174.5
169.0
175.5
190.5
45.04
4.23%
6.13%
69
Cost of revenue
7.70%
1.00×
Operating expenses
7.91%
1.02×
Spread over hurdle
11.16%