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Electronic Technology

AUO 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

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 TWDUSD
Revenue370,685.14M13,271.04M
Gross Profit86,313.87M3,090.15M
Operating income63,075.61M2,258.19M
Income before tax63,780.52M2,283.43M
Net income61,330.62M2,195.72M
EBITDA96,740.21M3,463.43M
Diluted EPS6.250.22
Dividends Per Share10.03
Total Assets424,811.04M15,354.43M
Total liabilities186,844.57M6,753.33M
Total equity231,787.04M8,377.74M
Operating cash flow104,721.23M3,749.16M
Currency in TWDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 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 2017Dec 2018Dec 2019Dec 2020Dec 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
PER3.55
ROA14.74%
ROE29.58%
Operating margin17.01%
Profit margin16.54%

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

Related Companies

  • Darwin Precisions (Slovakia) sro
  • Suzhou Forplax Optronics Co., Ltd.
  • Fortech Electronics (Suzhou) Co., Ltd.
  • JohnRyan Ltd.
  • ComQi Canada, Inc.
  • ComQi UK Ltd.
  • U-Fresh Environmental Technology (Shandong) Co., Ltd.
  • AUO MegaInsight Smart Manufacturing (Suzhou) Corp., Ltd.
  • Edgetech Data Technologies (Suzhou) Corp., Ltd.
  • AUO Envirotech (Suzhou) Co., Ltd.
  • AUO Care Information Tech. (Suzhou) Co., Ltd.
  • AUO Display Plus Netherlands BV
  • BriView (L) Corp.
  • a.u. Vista, Inc.
  • AU Optronics (Slovakia) sro
  • Manufacturing (Shanghai) Corp.
  • AU Optronics (Shanghai) Co., Ltd.
  • AU Optronics Korea Ltd.
  • Sanda Materials Corp.
  • AUO Digitech (Suzhou) Co., Ltd.
  • AU Digitech Pte Ltd.
  • AUO Education Service Corp.
  • AUO Digitech Holding Ltd.
  • AUO Digitech (CAYMAN) Ltd.
  • AUO Health Corp.
  • Da Ping Green Energy Corp.
  • AUO Display Plus Corp.
  • AU Optronics Europe BV
  • Space Money, Inc.
  • AUO Envirotech, Inc.

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

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