74.03
RevenueNT$M
128.7
135.0
141.3
143.5
148.8
154.0
161.6
169.8
176.6
186.2
76.55
4.59%
4.10%
71
2.86
Revenue growth%
12.05
12.90
11.51
10.05
11.86
14.82
17.20
18.56
21.52
19.76
4.45
18.56
13.86
75
9.95
Gross margin%
30.57
31.05
31.99
29.03
28.83
31.10
30.05
32.85
32.54
31.95
26.00
31.95
31.08
27
7.26
Operating margin%
29.65
28.59
31.52
29.13
28.83
31.73
31.59
31.93
34.42
31.75
28.72
31.75
31.56
21
28.50
Net margin%
28.29
25.65
25.98
28.82
29.69
32.64
35.43
37.52
39.51
40.55
3.75
37.52
31.17
32
6.538
P/E ratio (avg)x
26.71
29.77
35.13
35.25
39.05
36.88
39.39
40.13
37.85
37.56
25.92
37.85
37.22
26
32.31
EV/EBITx
19.18
17.93
20.68
21.56
22.55
21.94
22.09
23.50
23.59
26.33
7.892
23.50
22.01
71
28.68
FCF yield (avg)%
21.67
18.72
18.96
21.03
22.87
23.61
24.39
22.63
23.16
22.29
20.38
23.16
22.46
74
21.71
FCF margin%
14.35
16.55
13.82
11.72
9.09
8.69
8.28
8.43
11.10
13.38
8.90
8.69
11.41
37
1.764
FCF / Net incomex
0.587
0.668
0.786
0.880
1.040
1.027
1.181
1.310
1.355
1.388
1.243
1.310
1.034
18
2.68
ROIC%
29.52
32.19
30.26
27.79
30.31
28.07
28.93
26.17
27.03
28.00
12.98
28.00
28.50
24
27.47
Return on equity%
15.26
14.98
12.76
12.55
9.65
9.56
12.15
10.39
8.58
9.04
17.58
9.56
11.27
75
11.11
Return on assets%
30.16
31.70
34.02
35.99
38.75
38.81
36.11
35.48
35.46
34.09
9.93
35.48
35.47
85
0.48
EPSNT$
1.60
1.59
1.69
1.64
1.92
2.01
2.29
2.69
2.76
2.76
0.51
7.54%
6.29%
—
19.61
EPS growth%
28.59
26.33
27.30
27.18
29.40
31.35
33.12
31.79
32.14
31.33
17.80
31.79
30.37
23
0.77
Bookvalue per shNT$
1.72
1.93
2.04
2.23
2.48
2.61
2.63
2.92
3.25
3.47
1.57
7.00%
8.60%
—
1.07
FCF per shareNT$
0.62
0.62
0.65
0.67
0.75
0.84
0.83
0.85
0.89
0.96
3.02
4.85%
6.19%
—
2.82
Dividend per shNT$
0.79
0.83
0.84
0.97
1.05
1.02
1.04
1.01
1.02
1.14
0.56
1.80%
4.09%
—
9.35
Div yield (avg)%
15.44
12.98
13.89
16.43
13.84
12.80
11.63
11.67
11.25
13.26
28.91
11.67
13.12
21
24.72
Payout ratio%
8.64
8.28
7.43
10.11
8.57
7.89
5.82
4.60
5.88
4.85
23.68
5.82
7.66
9
70.72
Shares (diluted)M
62.03
57.38
58.15
57.65
55.70
56.49
59.21
62.18
62.08
66.76
71.17
3.69%
(0.60%)
75
8.28
Buyback yield%
6.67
6.80
5.11
4.41
2.77
4.05
1.67
0.71
0.40
2.07
7.55
1.67
3.41
45
0.745
D/E ratiox
1.643
1.665
1.810
1.944
1.921
2.062
2.298
2.141
2.386
2.730
0.188
2.298
2.003
29
172.6
Enterprise valueNT$M
207.3
205.4
210.2
195.6
187.5
192.5
165.9
146.7
135.9
132.8
228.2
(6.66%)
(5.36%)
61
217.6
LT debtNT$M
233.2
244.8
225.5
233.6
204.5
174.7
180.9
172.6
153.9
146.5
28.71
(6.46%)
(4.39%)
65
Cost of revenue
3.99%
0.99×
Operating expenses
3.95%
0.99×
Property and equipment
17.59%
Spread over hurdle
(1.68%)