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Electronic Technology

ASUSTek Computer, Inc.

Company Background

Asustek Computer, based in Taiwan, is one of the world's major PC makers, with total assets of over $11 billion. It manufactures not only PC components and notebook computers but also tablet PCs, servers and smartphones. As a leading electronic technology company in the industry, it has more than 11,000 employees worldwide.

 

Facing fierce competition in the PC market, the company has been strengthening its smartphone business, hoping to boost growth. Asus launched its ZenFone smartphone brand in 2014 and it became one of the region's best-selling smartphones. The company targets total smartphone shipments of 17 million units in 2015, double 2014's tally. Asus also plans to expand the "Internet of Things" and cloud computing sectors by entering the wearable device market with a new smartwatch brand.

 

Chairman Jonney Shih has led the company since 1993 and also served as CEO until 2008. He is known as the father of the netbook low-cost and lightweight PCs, which revolutionized the PC market in 2006. Asus became the world's top global notebook brand. Shih is the largest individual shareholder in Asus, with a 4% stake.

Business Summary

ASUSTek Computer, Inc. engages in the manufacture and sale of computer, communication, and consumer electronics. Its products include computers, mother boards, circuit boards and graphics cards, tablet computers, displays and projectors, gaming laptops, wearable devices, network routers, computer peripherals, and smartphones and handheld devices. The company was founded by Shih Chang Hsu in 1989 and is headquartered in Taipei, Taiwan.

Financial Highlights

Dec 2021 TWDUSD
Revenue535,228.28M19,161.92M
Gross Profit108,650.88M3,889.85M
Operating income48,697.81M1,743.44M
Income before tax56,832.85M2,034.69M
Net income44,549.79M1,594.94M
EBITDA52,199.49M1,868.81M
Diluted EPS59.202.11
Dividends Per Share421.50
Total Assets504,152.81M18,222.17M
Total liabilities257,716.34M9,314.93M
Total equity232,331.21M8,397.41M
Operating cash flow25,188.80M901.79M
Currency in TWDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 386,418.85M 354,187.66M 351,330.49M 412,764.89M 535,228.28M
Gross Profit 54,902.25M 52,014.27M 53,488.11M 73,210.17M 108,650.88M
Operating income 17,284.89M 16,975.63M 11,616.69M 24,957.06M 48,697.81M
Income before tax 23,696.82M 20,910.62M 19,264.65M 32,472.74M 56,832.85M
Net income 19,061.19M 16,304.83M 14,333.65M 23,973.65M 44,549.79M
EBITDA 18,932.33M 18,647.11M 14,180.19M 28,343.19M 52,199.49M
Diluted EPS 20.79 5.68 16.25 35.35 59.20
Dividends Per Share 15 15 14 26 42
Total Assets 344,891.16M 342,165.87M 352,004.11M 396,514.71M 504,152.81M
Total liabilities 166,216.86M 174,473.95M 168,717.31M 181,873.16M 257,716.34M
Total equity 175,144.18M 161,365.00M 176,860.04M 201,764.51M 232,331.21M
Operating cash flow 2,482.06M 2,076.08M 37,011.03M 14,038.25M 25,188.80M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 12,701.65M 11,745.77M 11,365.24M 14,018.39M 19,161.92M
Gross Profit 1,804.64M 1,724.92M 1,730.29M 2,486.37M 3,889.85M
Operating income 568.15M 562.95M 375.79M 847.59M 1,743.44M
Income before tax 778.91M 693.45M 623.19M 1,102.84M 2,034.69M
Net income 626.54M 540.71M 463.68M 814.19M 1,594.94M
EBITDA 622.30M 618.38M 458.71M 962.59M 1,868.81M
Diluted EPS 0.68 0.18 0.52 1.20 2.11
Dividends Per Share 0.49 0.49 0.45 0.88 1.50
Total Assets 11,589.67M 11,132.05M 11,742.47M 14,111.84M 18,222.17M
Total liabilities 5,585.52M 5,676.34M 5,628.22M 6,472.81M 9,314.93M
Total equity 5,885.51M 5,249.86M 5,899.85M 7,180.74M 8,397.41M
Operating cash flow 81.58M 68.84M 1,197.27M 476.76M 901.79M

Valuation Measures

Dec 2021
PER6.26
ROA9.89%
ROE20.52%
Operating margin9.09%
Profit margin8.32%

Key executives

  • Co-Chief Executive Officer & Director: Shu Pin Hu
  • Co-Chief Executive Officer & Director: Hsien Yueh Hsu
  • Chief Operating Officer, Director & Deputy GM: Ming Chieh Hsieh
  • Chief Financial Officer: Chang Jung Wu
  • Vice President: Ssu Ping Yeh

Shareholders

  • Yuanta Securities Investment Trust Co., Ltd. (5.5%)
  • SHIH CHUNG TANG (4.0%)
  • The Vanguard Group, Inc. (3.0%)
  • BlackRock Fund Advisors (2.9%)
  • Expert Union Ltd. (2.7%)
  • Cathay Securities Investment Trust Co., Ltd. (2.3%)
  • Labor Pension New Fund (2.1%)
  • Silchester International Investors LLP (1.8%)
  • Norges Bank Investment Management (1.5%)
  • Saudi Arabian Monetary Agency (Investment Management) (1.3%)

Contact Details

  • Website:http://www.asus.com.tw
  • Address: No. 15 Lide Road, Peitou District, Taipei, 112, Taiwan
  • Phone: +886.2.2894.3447

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  • Starlink Electronics Corp.
  • Enertronix, Inc.
  • AzureWave (Cayman) Holding, Inc.
  • Hua-Min Investment Co., Ltd.
  • Shinewave International, Inc.
  • Greenasus Recycling Co., Ltd.
  • eCareme Technologies, Inc.
  • Pegatron International Investment Co., Ltd.
  • ASUS Technology, Inc.
  • ASUS SRL
  • ASUS Computer GmbH

Competitors

  • HP Inc.
  • Corsair Gaming, Inc.
  • GemTek Technology Co., Ltd.
  • Archos SA
  • NETGEAR, Inc.
  • D-Link Corporation
  • Minim, Inc.
  • 2CRSI SA
  • Hitron Technologies Inc.
Last Updated on 4 Oct, 2022

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