Asia300

TPK Holding Co. Ltd.

Taiwan

  • 1m
  • 3m
  • 6m
  • 1y
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  • 5y
Mar 24, 2017
Prev close: 103
Mar 24, 2017
Market cap:
Market cap(USD):
35,703.3M
1,171.37M
Shares: 346.63M

Currency in TWD

Company profile

Market(Ticker): TAI(3673)
Sector:
Industry:
Electronic Technology
Electronic Components
Full time employees: --

Business summary

TPK Holding Co. Ltd. engages in the research and development, manufacture, and sale of touch module, touch display module, and conductive glass-related products. It focuses on small and medium-size touch screen applied to wearable device, eBook, smartphone, handheld game consoles, digital cameras. tablet. 2-in-1 computer, laptop. all-in-one personal computer, and car control screen. The company was founded on November 21, 2005 and is headquartered in Taipei, Taiwan.

Company background

TPK Holding is a major manufacturer of touch panels for smartphones, tablets and PCs. Its client list includes Apple of the U.S. and Chinese smartphone makers. The Taiwan-based company's main production facilities are in Xiamen, in China's Fujian Province.

Chairman Michael Chiang established TPK in 2005, having recognized the potential of touch panels. Previously, he founded Taiwan Video & Monitoring to tap the VCR and monitor market.

Until the early 2000s, resistive touch panels, which respond to pressure on the display surface, were the norm. Chiang's company improved technology for transparent projected capacitive touch screens, which respond to even a light touch. He established a mass production system and supplied panels to Apple for the first iPhone, released in 2007. That made capacitive touch panels an industry standard.

TPK boosted capital spending on expectations that Microsoft's Windows 8 operating system, released in 2012, would increase demand for touch panels. The market did not expand as anticipated, and the company remains saddled with overcapacity. A price war with Chinese panel producers has also intensified.

TPK in November 2014 appointed Michael Chung, a former executive of Hon Hai Precision Industry, better known as Foxconn Technology Group, as president and CEO in the hope that he would improve earnings.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 121,363.61M
Gross profit 5,153.98M
Operating income -109.47M
Income before tax -20,930.17M
Net income -20,006.50M
EBITDA 9,592.82M
Diluted EPS -57.86
Dividends per share 0
Total assets 115,227.72M
Total liabilities 84,111.21M
Total equity 30,693.41M
Operating cash flow 4,466.17M

Currency in TWD

Revenue 3,821.98M
Gross profit 162.30M
Operating income -3.44M
Income before tax -659.13M
Net income -630.04M
EBITDA 302.09M
Diluted EPS -1.82
Dividends per share 0
Total assets 3,508.01M
Total liabilities 2,560.69M
Total equity 934.43M
Operating cash flow 140.64M

Currency in USD

Valuation measures

Dec 2015

PER --
ROA -14.93%
ROE -53.05%
Operating margin -0.09%
Profit margin -16.48%

Key executive

  • General Manager & Director: Yi Hua Chung
  • CFO, Head-Accounting, Spokesman & IR Contact: Shih Liang Liu
  • Director & Deputy General Manager: Heng-Yao Chang
  • Deputy General Manager: Wen Yu Wu
  • Director & Deputy General Manager: Shin-Ming Liu

Share holders

  • CHIANG CHAO JUI(22.8%)
  • The Vanguard Group, Inc.(2.4%)
  • Dimensional Fund Advisors LP(2.2%)
  • Allianz Global Investors Asia Pacific Ltd.(2.2%)
  • Norges Bank Investment Management(1.1%)
  • FIL Investment Management (Hong Kong) Ltd.(0.6%)
  • BlackRock Fund Advisors(0.4%)
  • NNIP Advisors BV(0.3%)
  • NN Investment Partners (Singapore) Ltd.(0.2%)
  • BlackRock Advisors (UK) Ltd.(0.2%)

Address

  • Website: http://www.tpk.com
  • Address: No.13-18 Minquan East Road Section 6, Neihu District, Taipei, 11494, Taiwan
  • Phone: +886.2.7727.1199

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