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Electronic Technology

AU Optronics Corp.

Company Background

AU Optronics, or AUO, is Taiwan's leading liquid crystal display panel maker, with total assets of over $14 billion. It manufactures various generations and sizes of LCD panels. AUO employs more than 45,000 people in its global operations in Taiwan, China, Japan, Singapore, South Korea, the U.S. and Europe.

 

Founded in 1996, the company traces its roots to Acer Display Technology. In 2001, Acer Display and Unipac Optoelectronics merged to form AUO. AUO then extended its business to the green energy industry to provide customers with solar solutions in 2008. However, it went through heavy losses for 10 straight quarters between 2010 and 2013 amid a slump in the PC market brought on by the rise of tablet computers. AUO's performance has turned upward recently thanks to growing demand for 4K television sets. It now focuses on large panels for 4K TVs.

 

Paul Peng became the president of AUO in 2012. He was also appointed chairman, to take over from prominent Chairman K.Y. Lee as part of the company's restructuring in May 2015. AUO's major rival is Innolux in Taiwan, the world's third-largest panel maker after South Korea's Samsung and LG.

Business Summary

AU Optronics Corp. engages in the production and sales of liquid crystal display (LCD) monitor and organic light emitting display. Its products include thin film transistor liquid crystal display (TFT-LCD), low temperature polysilicon (LTPS), organic light emitting display (AMOLED) and integrated touch solutions. It provides solar module and solar power plant construction service. The company was founded by Kuen Yao Lee on August 12, 1996 and is headquartered in Hsinchu, Taiwan.

Financial Highlights

Dec 2020 TWDUSD
Revenue270,955.38M9,202.23M
Gross Profit17,996.00M611.18M
Operating income2,083.04M70.74M
Income before tax2,669.93M90.67M
Net income3,376.32M114.66M
EBITDA37,480.57M1,272.92M
Diluted EPS0.350.01
Dividends Per Share00
Total Assets407,270.29M14,494.63M
Total liabilities213,479.93M7,597.69M
Total equity182,804.69M6,505.96M
Operating cash flow25,746.95M874.42M
Currency in TWDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 329,089.03M 341,028.26M 307,634.38M 268,791.69M 270,955.38M
Gross Profit 30,263.00M 56,900.79M 24,410.79M -3,765.05M 17,996.00M
Operating income 12,338.45M 39,139.12M 6,667.86M -20,467.94M 2,083.04M
Income before tax 11,085.12M 39,124.60M 10,904.43M -19,994.66M 2,669.93M
Net income 7,818.93M 32,359.41M 10,160.59M -19,185.25M 3,376.32M
EBITDA 52,031.69M 75,568.96M 40,895.39M 15,789.77M 37,480.57M
Diluted EPS 0.80 3.24 1.03 -1.99 0.35
Dividends Per Share 0.56 1.50 0.50 0 0
Total Assets 429,769.25M 441,451.28M 409,831.77M 397,637.59M 407,270.29M
Total liabilities 230,134.06M 216,206.16M 192,553.08M 209,660.84M 213,479.93M
Total equity 181,244.69M 208,154.36M 202,862.71M 176,671.84M 182,804.69M
Operating cash flow 36,695.84M 84,363.33M 40,200.69M 20,730.63M 25,746.95M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 10,204.05M 11,209.66M 10,201.95M 8,695.18M 9,202.23M
Gross Profit 938.36M 1,870.33M 809.52M -121.79M 611.18M
Operating income 382.57M 1,286.51M 221.12M -662.12M 70.74M
Income before tax 343.71M 1,286.03M 361.61M -646.81M 90.67M
Net income 242.44M 1,063.65M 336.95M -620.62M 114.66M
EBITDA 1,613.34M 2,483.96M 1,356.19M 510.78M 1,272.92M
Diluted EPS 0.02 0.10 0.03 -0.06 0.01
Dividends Per Share 0.01 0.04 0.01 0 0
Total Assets 13,334.86M 14,834.46M 13,333.50M 13,264.75M 14,494.63M
Total liabilities 7,140.58M 7,265.35M 6,264.53M 6,994.05M 7,597.69M
Total equity 5,623.65M 6,994.78M 6,599.95M 5,893.57M 6,505.96M
Operating cash flow 1,137.82M 2,773.03M 1,333.15M 670.61M 874.42M

Valuation Measures

Dec 2020
PER39.39
ROA0.83%
ROE1.87%
Operating margin0.76%
Profit margin1.24%

Key executives

  • Chairman & Chief Executive Officer: Shuang Lang Peng
  • General Manager, Director & COO: Fu Jen Ko
  • Head-Finance & Accounting, Spokesman, Deputy GM: Yue Chih Tseng
  • Deputy General Manager: Amy Ku
  • Senior Deputy General Manager: Wei Lung Liau

Shareholders

  • Qisda Corp. (6.8%)
  • BlackRock Fund Advisors (2.6%)
  • The Vanguard Group, Inc. (2.0%)
  • Norges Bank Investment Management (1.4%)
  • AU Optronics Corp. (1.2%)
  • Dimensional Fund Advisors LP (0.7%)
  • Charles Schwab Investment Management, Inc. (0.6%)
  • JPMorgan Asset Management (UK) Ltd. (0.6%)
  • Ninety One UK Ltd. (0.6%)
  • BlackRock Advisors (UK) Ltd. (0.5%)

Contact Details

  • Website:http://www.auo.com
  • Address: 1 Li Hsin Road 2, Hsinchu Science Park, Hsinchu, 300 78, Taiwan
  • Phone: +886.3.5008800

Related Companies

  • Au Optronics Corp. /L3B Plant/
  • Kangli Investment Co. Ltd.
  • AUO Crystal (Malaysia) Sdn. Bhd.
  • Star River Energy Corp.
  • AU Optronics (Czech) sro
  • AU Optronics Manufacturing (Shanghai) Corp.
  • Briview (Xiamen) Corp.
  • AUO Green Energy America Corp.
  • Briview Electronics Corp.
  • AUO Energy Tianjin Corp.
  • AU Optronics Shanghai Corp.
  • Darwin Precisions (L) Corp.
  • Au Optronics Corp. Esop
  • AU Optronics (Kunshan) Corp. Ltd.
  • Ronly Venture Corp.
  • AUO Crystal Corp.
  • AU Optronics Singapore Pte Ltd.
  • ComQi, Inc.
  • Lung Li Investment Co. Ltd.
  • AU Optronics (L) Corp.
  • Ocuity Ltd.
  • Konly Venture Corp.
  • Toppan CFI (Taiwan) Co., Ltd.
  • Kang Li Investment Co. Ltd.

Competitors

  • LG Display Co., Ltd
  • Innolux Corp.
  • Tianma Microelectronics Co., Ltd Class A
  • Truly International Holdings Limited
  • BOE Technology Group Co., Ltd. Class B
  • Sharp Corporation
  • Samsung Electronics Co., Ltd.
  • TCL Technology Group Corporation Class A
  • Hannstar Display Corp.
  • Visionox Technology Inc. Class A
  • Japan Display Inc.
  • Panasonic Corporation
  • HKC International Holdings Limited
  • Nanjing Panda Electronics Company Limited Class H
  • Kopin Corporation
  • Ledtech Electronics Corp.
  • e-Litecom Co., Ltd
  • Mildex Optical Inc.
  • VIA optronics AG Sponsored ADR
  • HAXC Holdings (Beijing) Co. Ltd. Class A
  • INVENIA Co., Ltd.
  • KODI CO., LTD.
Last Updated on 13 May, 2021

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