Cash flow Novatek Microelectronics Corp.

Stocks

3034

TW0003034005

Semiconductors

End-of-day quote Taiwan S.E. 2026-09-18			5-day change	1st Jan Change
558.00 ^TWD	+2.39%		+2.01%	+49.20%

08-04	Novatek Microelectronics Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
07-31	Novatek Microelectronics Awards NT$1.54 Billion Construction Contract	MT

7250096b8c2cdb2623c9.Mzf_nuU3sMVyrW8shfBfEZzpebnuAEDnrYU_x7iKv_A.UnKeqoxO55E51Flk1ZcMQ-ScVPqeYXOB7NwHvufkz4dLe5vMllDirAGVNg

Published financial data: NOVATEK MICROELECTRONICS CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (TWD)	2022 (TWD)	2023 (TWD)	2024 (TWD)	2025 (TWD)
Revenues	135B	110B	110B	103B	101B
Total Revenues	135B	110B	110B	103B	101B
Cost of Goods Sold, Total	67.97B	59.02B	64.22B	61.32B	62.76B
Gross Profit	67.39B	50.94B	46.21B	41.47B	37.91B
Selling General & Admin Expenses, Total	3.02B	2.8B	2.76B	2.86B	2.95B
Provision for Bad Debts	-	-	-	-	-
R&D Expenses	16.6B	15.41B	16.79B	16.81B	16.72B
Other Operating Expenses, Total	19.62B	18.21B	19.55B	19.67B	19.67B
Operating Income	47.77B	32.73B	26.66B	21.81B	18.24B
Interest Expense, Total	-19.69M	-5.69M	-6.34M	-8.17M	-9.31M
Interest And Investment Income	321M	753M	1.43B	1.4B	1.12B
Net Interest Expenses	301M	747M	1.42B	1.39B	1.11B
Currency Exchange Gains (Loss)	24.78M	1B	68.02M	750M	-82.33M
Other Non Operating Income (Expenses)	15.87M	53.4M	80.72M	161M	278M
EBT, Excl. Unusual Items	48.12B	34.53B	28.23B	24.11B	19.55B
Gain (Loss) On Sale Of Investments	-	-21.3M	-1.02M	20.61M	-11M
Gain (Loss) On Sale Of Assets	-236K	-51K	-272K	-719K	-1M
EBT, Incl. Unusual Items	48.11B	34.51B	28.23B	24.13B	19.53B
Income Tax Expense	9.25B	6.54B	4.91B	3.78B	3.19B
Earnings From Continuing Operations	38.87B	27.97B	23.32B	20.34B	16.35B
Net Income to Company	38.87B	27.97B	23.32B	20.34B	16.35B
Net Income - (IS)	38.87B	27.97B	23.32B	20.34B	16.35B
Net Income to Common Incl Extra Items	38.87B	27.97B	23.32B	20.34B	16.35B
Net Income to Common Excl. Extra Items	38.87B	27.97B	23.32B	20.34B	16.35B
Per Share Items
Net EPS - Basic	63.87	45.96	38.32	33.43	26.87
Basic EPS - Continuing Operations	63.87	45.96	38.32	33.43	26.87
Basic Weighted Average Shares Outstanding	609M	609M	609M	609M	609M
Net EPS - Diluted	63.77	45.87	38.28	33.4	26.84
Diluted EPS - Continuing Operations	63.77	45.87	38.28	33.4	26.84
Diluted Weighted Average Shares Outstanding	609M	610M	609M	609M	609M
Normalized Basic EPS	49.42	35.47	29	24.76	20.08
Normalized Diluted EPS	49.34	35.39	28.97	24.74	20.06
Dividend Per Share	51.5	37	32	28	23
Payout Ratio	24.42	112.04	96.56	95.72	104.22
Supplemental Items
EBITDA	48.78B	33.87B	27.89B	23.01B	19.43B
EBITA	47.95B	32.88B	26.8B	21.95B	18.36B
EBIT	47.77B	32.73B	26.66B	21.81B	18.24B
EBITDAR	48.78B	-	-	-	-
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	19.22	18.96	17.4	15.69	16.31
Total Current Taxes	9.36B	6.89B	4.75B	3.73B	3.01B
Total Deferred Taxes	-115M	-352M	161M	56.81M	179M
Normalized Net Income	30.07B	21.58B	17.65B	15.07B	12.22B
Interest on Long-Term Debt	5.87M	5.62M	6.34M	8.17M	9.31M
Non-Cash Pension Expense	648K	1.71M	2.39M	2.09M	1.88M
Supplemental Operating Expense Items
Selling and Marketing Expenses	476M	382M	389M	427M	397M
General and Administrative Expenses	2.54B	2.42B	2.37B	2.43B	2.55B
Research And Development Expense From Footnotes	16.6B	15.41B	16.79B	16.81B	16.72B
Net Rental Expense, Total	3.68M	-	-	-	-
Imputed Operating Lease Interest Expense	2.25M	-	-	-	-
Imputed Operating Lease Depreciation	1.43M	-	-	-	-

Fiscal Period: December	2021 (TWD)	2022 (TWD)	2023 (TWD)	2024 (TWD)	2025 (TWD)
Assets
Cash And Equivalents	60.13B	49.17B	53.89B	48.77B	42.42B
Total Cash And Short Term Investments	60.13B	49.17B	53.89B	48.77B	42.42B
Accounts Receivable, Total	23.57B	15.76B	16.93B	20.27B	21.1B
Other Receivables	341M	251M	502M	442M	434M
Total Receivables	23.91B	16.02B	17.44B	20.72B	21.53B
Inventory	14.19B	12.03B	8.55B	8.7B	8.64B
Prepaid Expenses	344M	356M	323M	576M	670M
Other Current Assets, Total	1.54B	2.31B	848M	278M	278M
Total Current Assets	100B	79.88B	81.05B	79.04B	73.54B
Gross Property Plant And Equipment	10.49B	11.13B	11.96B	12.98B	13.98B
Accumulated Depreciation	-3.34B	-3.88B	-4.72B	-5.51B	-6.23B
Net Property Plant And Equipment	7.15B	7.25B	7.24B	7.47B	7.75B
Long-term Investments	4.29B	2.93B	3.99B	3.98B	4.62B
Goodwill	2.08B	2.08B	2.08B	2.08B	2.08B
Other Intangibles, Total	405M	352M	429M	529M	572M
Deferred Tax Assets Long-Term	667M	1.05B	908M	807M	632M
Other Long-Term Assets, Total	5.89B	7B	8.74B	8.5B	8.18B
Total Assets	121B	101B	104B	102B	97.37B
Liabilities
Accounts Payable, Total	16.98B	7.8B	12.58B	10.63B	9.35B
Short-term Borrowings	-	-	-	-	-
Current Portion of Leases	46.9M	43.17M	48.92M	42M	74.99M
Current Income Taxes Payable	7.99B	2.15B	1.28B	1.41B	879M
Unearned Revenue Current, Total	641M	683M	677M	790M	650M
Other Current Liabilities	10.26B	13.76B	11.15B	11.49B	8.9B
Total Current Liabilities	35.91B	24.43B	25.74B	24.36B	19.85B
Long-Term Leases	201M	165M	324M	413M	477M
Pension & Other Post Retirement Benefits	230M	177M	169M	116M	96.32M
Deferred Tax Liability Non Current	320M	326M	336M	336M	336M
Other Non Current Liabilities	13.48B	9.88B	10.66B	9.25B	8.87B
Total Liabilities	50.14B	34.98B	37.23B	34.48B	29.63B
Common Stock, Total	6.09B	6.09B	6.09B	6.09B	6.09B
Additional Paid In Capital	2.38B	2.38B	2.38B	2.38B	2.38B
Retained Earnings	59.59B	56.27B	57.07B	57.99B	57.3B
Comprehensive Income and Other	2.4B	842M	1.68B	1.47B	1.98B
Total Common Equity	70.45B	65.57B	67.22B	67.92B	67.74B
Total Equity	70.45B	65.57B	67.22B	67.92B	67.74B
Total Liabilities And Equity	121B	101B	104B	102B	97.37B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	609M	609M	609M	609M	609M
ECS Total Common Shares Outstanding	609M	609M	609M	609M	609M
Book Value / Share	115.78	107.75	110.46	111.62	111.32
Tangible Book Value	67.97B	63.14B	64.71B	65.31B	65.09B
Tangible Book Value Per Share	111.69	103.76	106.34	107.33	106.96
Total Debt	248M	208M	373M	455M	552M
Net Debt	-59.88B	-48.96B	-53.52B	-48.32B	-41.87B
Debt Equivalent of Unfunded Proj. Benefit Obligation	231M	177M	169M	116M	95.48M
Debt Equivalent Oper. Leases	29.46M	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	1.32B	2.76B	1.25B	668M	1.05B
Inventories - Work In Process, Total	7.86B	5.14B	4.17B	4.65B	4.62B
Inventories - Finished Goods, Total	4.74B	3.91B	2.94B	3.17B	2.78B
Inventories - Others	272M	212M	183M	215M	182M
Land - (BS)	991M	991M	991M	991M	991M
Buildings, Total	5.31B	5.29B	5.31B	5.34B	5.36B
Machinery, Total	3.94B	4.65B	5.29B	6.08B	6.68B
Full Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	728M	728M	728M	728M	728M

Fiscal Period: December	2021 (TWD)	2022 (TWD)	2023 (TWD)	2024 (TWD)	2025 (TWD)
Net Income	38.87B	27.97B	23.32B	20.34B	16.35B
Depreciation & Amortization - CF	875M	1.04B	1.15B	1.13B	1.14B
Amortization of Goodwill and Intangible Assets - (CF)	181M	152M	141M	139M	122M
Depreciation & Amortization, Total	1.06B	1.2B	1.29B	1.27B	1.27B
Amortization of Deferred Charges, Total - (CF)	44.17M	37.5M	53.07M	48.09M	70.68M
(Gain) Loss From Sale Of Asset	236K	51K	272K	719K	1M
(Gain) Loss on Sale of Investments - (CF)	-	21.3M	1.02M	-20.61M	11M
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	5.79B	-5.28B	-1.04B	956M	-1.27B
Change in Trading Asset Securities	-	-	-	-	-
Change In Accounts Receivable	-10.2B	7.81B	-1.17B	-3.34B	-825M
Change In Inventories	-6.03B	2.16B	3.48B	-150M	60.36M
Change In Accounts Payable	7.25B	-9.18B	4.78B	-1.94B	-1.28B
Change in Unearned Revenues	283M	38.07M	2.93M	92.01M	-173M
Change in Other Net Operating Assets	4.66B	-2.07B	-736M	-599M	-573M
Cash from Operations	41.72B	22.69B	29.98B	16.65B	13.63B
Capital Expenditure	-1.23B	-1.02B	-897M	-1.28B	-1.21B
Sale of Property, Plant, and Equipment	-	-	-	46.67M	-
Sale (Purchase) of Intangible assets	-158M	-137M	-267M	-282M	-237M
Investment in Marketable and Equity Securities, Total	-12.5M	-258M	-201M	-223M	-154M
Other Investing Activities, Total	-7.02B	-1.45B	-337M	885M	370M
Cash from Investing	-8.41B	-2.87B	-1.7B	-849M	-1.23B
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-51.49M	-49.75M	-55.02M	-60.02M	-66.89M
Total Debt Repaid	-51.49M	-49.75M	-55.02M	-60.02M	-66.89M
Common Dividends Paid	-9.49B	-31.34B	-22.51B	-19.47B	-17.04B
Common & Preferred Stock Dividends Paid	-9.49B	-31.34B	-22.51B	-19.47B	-17.04B
Other Financing Activities, Total	13.5B	581M	-982M	-1.42B	-1.64B
Cash from Financing	3.95B	-30.81B	-23.55B	-20.96B	-18.74B
Foreign Exchange Rate Adjustments	-8.03M	24.94M	-8.29M	34.32M	-7.74M
Net Change in Cash	37.25B	-10.96B	4.72B	-5.12B	-6.35B
Supplemental Items
Cash Interest Paid	19.69M	5.69M	6.34M	8.17M	9.49M
Cash Income Tax Paid (Refund)	3.25B	12.76B	5.63B	3.56B	3.54B
Levered Free Cash Flow	30.1B	18.33B	21.69B	8.9B	5.88B
Unlevered Free Cash Flow	30.12B	18.33B	21.69B	8.91B	5.89B
Change In Net Working Capital	-543M	2.2B	-4.85B	4.48B	5.4B
Net Debt Issued / Repaid	-51.49M	-49.75M	-55.02M	-60.02M	-66.89M

Fiscal Period: December	2021 (TWD)	2022 (TWD)	2023 (TWD)	2024 (TWD)	2025 (TWD)
Profitability
Return on Assets	33.42	18.5	16.26	13.18	11.41
Return on Total Capital	53.84	29.98	24.99	20.05	16.68
Return On Equity %	70.41	41.13	35.12	30.1	24.1
Return on Common Equity	70.41	41.13	35.12	30.1	24.1
Margin Analysis
Gross Profit Margin %	49.78	46.33	41.85	40.35	37.66
SG&A Margin	2.23	2.55	2.5	2.78	2.93
EBITDA Margin %	36.03	30.81	25.26	22.39	19.3
EBITA Margin %	35.43	29.9	24.27	21.35	18.24
EBIT Margin %	35.29	29.77	24.14	21.21	18.12
Income From Continuing Operations Margin %	28.71	25.44	21.12	19.79	16.24
Net Income Margin %	28.71	25.44	21.12	19.79	16.24
Net Avail. For Common Margin %	28.71	25.44	21.12	19.79	16.24
Normalized Net Income Margin	22.22	19.63	15.98	14.66	12.14
Levered Free Cash Flow Margin	22.24	16.67	19.64	8.66	5.84
Unlevered Free Cash Flow Margin	22.25	16.67	19.65	8.67	5.85
Asset Turnover
Asset Turnover	1.52	0.99	1.08	0.99	1.01
Fixed Assets Turnover	19.36	15.27	15.24	13.98	13.23
Receivables Turnover (Average Receivables)	7.33	5.59	6.75	5.53	4.87
Inventory Turnover (Average Inventory)	6.08	4.5	6.24	7.11	7.24
Short Term Liquidity
Current Ratio	2.79	3.27	3.15	3.24	3.7
Quick Ratio	2.34	2.67	2.77	2.85	3.22
Operating Cash Flow to Current Liabilities	1.16	0.93	1.16	0.68	0.69
Days Sales Outstanding (Average Receivables)	49.81	65.29	54.04	66.24	75.01
Days Outstanding Inventory (Average Inventory)	59.99	81.07	58.49	51.49	50.43
Average Days Payable Outstanding	65.84	79.51	61.22	69.11	58.18
Cash Conversion Cycle (Average Days)	43.95	66.85	51.31	48.62	67.26
Long Term Solvency
Total Debt/Equity	0.35	0.32	0.56	0.67	0.82
Total Debt / Total Capital	0.35	0.32	0.55	0.67	0.81
LT Debt/Equity	0.28	0.25	0.48	0.61	0.7
Long-Term Debt / Total Capital	0.28	0.25	0.48	0.6	0.7
Total Liabilities / Total Assets	41.58	34.79	35.64	33.67	30.43
EBIT / Interest Expense	2.43K	5.75K	4.21K	2.67K	1.96K
EBITDA / Interest Expense	2.48K	5.96K	4.41K	2.82K	2.09K
(EBITDA - Capex) / Interest Expense	2.42K	5.78K	4.27K	2.67K	1.96K
Total Debt / EBITDA	0.01	0.01	0.01	0.02	0.03
Net Debt / EBITDA	-1.23	-1.44	-1.91	-2.09	-2.15
Total Debt / (EBITDA - Capex)	0.01	0.01	0.01	0.02	0.03
Net Debt / (EBITDA - Capex)	-1.26	-1.49	-1.98	-2.22	-2.29
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	69.3	-18.77	0.43	-6.92	-2.07
Gross Profit, 1 Yr. Growth %	141.05	-24.41	-9.28	-10.26	-8.59
EBITDA, 1 Yr. Growth %	211.35	-30.55	-17.66	-17.5	-15.55
EBITA, 1 Yr. Growth %	219.95	-31.43	-18.48	-18.12	-16.34
EBIT, 1 Yr. Growth %	223.28	-31.49	-18.54	-18.21	-16.37
Earnings From Cont. Operations, 1 Yr. Growth %	228.89	-28.04	-16.63	-12.76	-19.64
Net Income, 1 Yr. Growth %	228.89	-28.04	-16.63	-12.76	-19.64
Normalized Net Income, 1 Yr. Growth %	230.7	-28.23	-18.24	-14.61	-18.92
Diluted EPS Before Extra, 1 Yr. Growth %	228.71	-28.07	-16.55	-12.75	-19.64
Accounts Receivable, 1 Yr. Growth %	76.26	-33.12	7.42	19.72	4.07
Inventory, 1 Yr. Growth %	73.93	-15.21	-28.91	1.75	-0.69
Net Property, Plant and Equip., 1 Yr. Growth %	4.5	1.48	-0.17	3.14	3.74
Total Assets, 1 Yr. Growth %	107.56	-16.62	3.87	-1.96	-4.92
Tangible Book Value, 1 Yr. Growth %	81.74	-7.1	2.49	0.94	-0.35
Common Equity, 1 Yr. Growth %	76.38	-6.93	2.51	1.05	-0.27
Cash From Operations, 1 Yr. Growth %	171.28	-45.61	32.13	-44.46	-18.16
Capital Expenditures, 1 Yr. Growth %	-65.2	-16.68	-12.3	42.29	-5.04
Levered Free Cash Flow, 1 Yr. Growth %	225.13	-39.13	18.37	-58.96	-33.91
Unlevered Free Cash Flow, 1 Yr. Growth %	225.11	-39.14	18.36	-58.94	-33.89
Dividend Per Share, 1 Yr. Growth %	230.13	-28.16	-13.51	-12.5	-17.86
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	45.01	17.27	-9.68	-3.31	-4.52
Gross Profit, 2 Yr. CAGR %	80.81	34.98	-17.19	-9.77	-9.43
EBITDA, 2 Yr. CAGR %	113.99	47.04	-24.38	-17.58	-16.53
EBITA, 2 Yr. CAGR %	117.81	48.11	-25.24	-18.3	-17.24
EBIT, 2 Yr. CAGR %	120.15	48.82	-25.29	-18.38	-17.29
Earnings From Cont. Operations, 2 Yr. CAGR %	121.42	53.85	-22.54	-14.72	-16.27
Net Income, 2 Yr. CAGR %	121.42	53.85	-22.54	-14.72	-16.27
Normalized Net Income, 2 Yr. CAGR %	121.41	54.06	-23.4	-16.45	-16.79
Diluted EPS Before Extra, 2 Yr. CAGR %	121.31	53.77	-22.52	-14.67	-16.27
Accounts Receivable, 2 Yr. CAGR %	32.92	8.57	-15.24	13.4	11.62
Inventory, 2 Yr. CAGR %	50.51	21.44	-22.36	-14.95	0.52
Net Property, Plant and Equip., 2 Yr. CAGR %	31.95	2.98	0.65	1.47	3.44
Total Assets, 2 Yr. CAGR %	60.39	31.55	-6.94	0.92	-3.45
Tangible Book Value, 2 Yr. CAGR %	49.57	29.93	-2.43	1.71	0.29
Common Equity, 2 Yr. CAGR %	45.94	28.12	-2.32	1.78	0.39
Cash From Operations, 2 Yr. CAGR %	141.61	21.47	-15.23	-14.33	-32.58
Capital Expenditures, 2 Yr. CAGR %	-12.41	-46.16	-14.52	11.71	16.24
Levered Free Cash Flow, 2 Yr. CAGR %	191.6	40.68	-15.12	-30.3	-47.92
Unlevered Free Cash Flow, 2 Yr. CAGR %	190.46	40.66	-15.13	-30.29	-47.9
Dividend Per Share, 2 Yr. CAGR %	121.47	54.01	-21.17	-13.01	-15.22
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	35.15	19.54	11.36	-8.77	-2.9
Gross Profit, 3 Yr. CAGR %	58.22	35.2	18.24	-14.94	-9.38
EBITDA, 3 Yr. CAGR %	81.43	47.06	21.2	-22.15	-16.91
EBITA, 3 Yr. CAGR %	82.81	48.17	21.38	-22.94	-17.65
EBIT, 3 Yr. CAGR %	84.43	49.18	21.74	-23	-17.71
Earnings From Cont. Operations, 3 Yr. CAGR %	82.53	52.24	25.43	-19.41	-16.39
Net Income, 3 Yr. CAGR %	82.53	52.24	25.43	-19.41	-16.39
Normalized Net Income, 3 Yr. CAGR %	82.57	52.1	24.73	-20.58	-17.28
Diluted EPS Before Extra, 3 Yr. CAGR %	82.51	52.16	25.43	-19.39	-16.36
Accounts Receivable, 3 Yr. CAGR %	21.41	5.72	8.19	-4.9	10.2
Inventory, 3 Yr. CAGR %	26.87	24.31	1.59	-15.04	-10.44
Net Property, Plant and Equip., 3 Yr. CAGR %	39.88	20.89	1.92	1.47	2.22
Total Assets, 3 Yr. CAGR %	35.88	28.97	21.59	-5.31	-1.07
Tangible Book Value, 3 Yr. CAGR %	34.97	27.61	20.05	-1.32	1.02
Common Equity, 3 Yr. CAGR %	32.45	25.62	18.94	-1.21	1.09
Cash From Operations, 3 Yr. CAGR %	73.33	46.98	24.92	-26.37	-15.63
Capital Expenditures, 3 Yr. CAGR %	6.11	-13.86	-36.65	1.31	5.82
Levered Free Cash Flow, 3 Yr. CAGR %	80.01	72.98	32.81	-33.38	-31.53
Unlevered Free Cash Flow, 3 Yr. CAGR %	79.61	72.52	32.8	-33.37	-31.51
Dividend Per Share, 3 Yr. CAGR %	80.21	52.17	27.06	-18.38	-14.66
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	24.28	18.49	15.03	9.81	4.71
Gross Profit, 5 Yr. CAGR %	39.09	30.31	22.12	15.01	6.28
EBITDA, 5 Yr. CAGR %	51.88	40.21	27.84	16.65	4.4
EBITA, 5 Yr. CAGR %	52.56	40.66	27.84	16.77	4.14
EBIT, 5 Yr. CAGR %	53.29	41.57	28.48	17.21	4.3
Earnings From Cont. Operations, 5 Yr. CAGR %	50.68	40.97	29.55	20.74	6.71
Net Income, 5 Yr. CAGR %	50.68	40.97	29.55	20.74	6.71
Normalized Net Income, 5 Yr. CAGR %	52.72	43.32	28.99	19.69	6.08
Diluted EPS Before Extra, 5 Yr. CAGR %	50.68	40.93	29.55	20.73	6.71
Accounts Receivable, 5 Yr. CAGR %	17.27	7.49	5.15	8.73	9.55
Inventory, 5 Yr. CAGR %	24.79	19.12	4.24	6.8	1.16
Net Property, Plant and Equip., 5 Yr. CAGR %	28.97	29.87	22.62	12.71	2.52
Total Assets, 5 Yr. CAGR %	23.75	19.72	16.79	16.92	10.88
Tangible Book Value, 5 Yr. CAGR %	21.47	19.55	18.54	16.54	11.72
Common Equity, 5 Yr. CAGR %	20.3	18.08	17.26	15.48	11.14
Cash From Operations, 5 Yr. CAGR %	42.71	38.94	30.2	18.43	-2.39
Capital Expenditures, 5 Yr. CAGR %	37.84	32.21	-2.68	-4.42	-19.24
Levered Free Cash Flow, 5 Yr. CAGR %	46.94	47.07	33.26	20.25	-8.67
Unlevered Free Cash Flow, 5 Yr. CAGR %	46.86	46.75	33.08	20.07	-8.66
Dividend Per Share, 5 Yr. CAGR %	49.05	39.12	29.46	21.67	8.07