AUO Corp

In the news

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LG Display 'survival at risk,' CEO warns as loss hits Oct 24, 2019
Asian stocks decline amid increasing doubts over trade talk outcome Oct 9, 2019
Asian stocks rise ahead of US-China trade talks Oct 8, 2019

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

AUO 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 2021	TWD	USD
Revenue	370,685.14M	13,271.04M
Gross Profit	86,313.87M	3,090.15M
Operating income	63,075.61M	2,258.19M
Income before tax	63,780.52M	2,283.43M
Net income	61,330.62M	2,195.72M
EBITDA	96,740.21M	3,463.43M
Diluted EPS	6.25	0.22
Dividends Per Share	1	0.03
Total Assets	424,811.04M	15,354.43M
Total liabilities	186,844.57M	6,753.33M
Total equity	231,787.04M	8,377.74M
Operating cash flow	104,721.23M	3,749.16M
	Currency in TWD	Currency in USD

Historical Data

TWD | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	341,028.26M	307,634.38M	268,791.69M	270,955.38M	370,685.14M
Gross Profit	56,900.79M	24,410.79M	-3,765.05M	17,996.00M	86,313.87M
Operating income	39,139.12M	6,667.86M	-20,467.94M	2,083.04M	63,075.61M
Income before tax	39,124.60M	10,904.43M	-19,994.66M	2,669.93M	63,780.52M
Net income	32,359.41M	10,160.59M	-19,185.25M	3,376.32M	61,330.62M
EBITDA	75,568.96M	40,895.39M	15,789.77M	37,480.57M	96,740.21M
Diluted EPS	3.24	1.03	-1.99	0.35	6.25
Dividends Per Share	1.50	0.50	0	0.30	1
Total Assets	441,451.28M	409,831.77M	397,637.59M	407,270.29M	424,811.04M
Total liabilities	216,206.16M	192,553.08M	209,660.84M	213,479.93M	186,844.57M
Total equity	208,154.36M	202,862.71M	176,671.84M	182,804.69M	231,787.04M
Operating cash flow	84,363.33M	40,200.69M	20,730.63M	25,746.95M	104,721.23M

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	11,209.66M	10,201.95M	8,695.18M	9,202.23M	13,271.04M
Gross Profit	1,870.33M	809.52M	-121.79M	611.18M	3,090.15M
Operating income	1,286.51M	221.12M	-662.12M	70.74M	2,258.19M
Income before tax	1,286.03M	361.61M	-646.81M	90.67M	2,283.43M
Net income	1,063.65M	336.95M	-620.62M	114.66M	2,195.72M
EBITDA	2,483.96M	1,356.19M	510.78M	1,272.92M	3,463.43M
Diluted EPS	0.10	0.03	-0.06	0.01	0.22
Dividends Per Share	0.04	0.01	0	0.01	0.03
Total Assets	14,834.46M	13,333.50M	13,264.75M	14,494.63M	15,354.43M
Total liabilities	7,265.35M	6,264.53M	6,994.05M	7,597.69M	6,753.33M
Total equity	6,994.78M	6,599.95M	5,893.57M	6,505.96M	8,377.74M
Operating cash flow	2,773.03M	1,333.15M	670.61M	874.42M	3,749.16M

Valuation Measures

Dec 2021
PER	3.55
ROA	14.74%
ROE	29.58%
Operating margin	17.01%
Profit margin	16.54%

Key executives

Chairman & Chief Executive Officer: Shuang Lang Peng
President, Chief Operating Officer & Director: Fu Jen Ko
Head-Finance & Accounting, Spokesman, Deputy GM: Yue Chih Tseng
Vice President: Shian Ho Shen
Deputy General Manager: Amy Ku

Shareholders

Qisda Corp. (6.8%)
Quanta Computer, Inc. (4.6%)
Yuanta Securities Investment Trust Co., Ltd. (4.1%)
Fubon Insurance Co. Ltd. (Invt Port) (3.9%)
BlackRock Fund Advisors (2.1%)
The Vanguard Group, Inc. (2.0%)
Tong Hwei Enterprise Co. Ltd. (1.5%)
Norges Bank Investment Management (1.4%)
Dimensional Fund Advisors LP (0.9%)
Labor Pension New Fund (0.7%)

Contact Details

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

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Competitors

LG Display Co., Ltd
Tianma Microelectronics Co., Ltd Class A
BOE Technology Group Co., Ltd. Class A
Innolux Corp.
Sharp Corporation
TCL Technology Group Corporation Class A
Samsung Electronics Co., Ltd.
Hannstar Display Corp.
Japan Display Inc.
HKC International Holdings Limited
Kopin Corporation
VIA optronics AG Sponsored ADR
e-Litecom Co., Ltd
Arima Optoelectronics Corp.
DSK Co., Ltd
INVENIA Co., Ltd.

Last Updated on 17 Aug, 2022