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Electronic Technology

Compal Electronics, Inc.

Company Background

Compal Electronics is a leading Taiwanese computer maker, with assets totaling over $11 billion. It manufactures notebooks, mobile devices and liquid crystal display products.

The company supplies PCs to such big-name clients as Dell and Lenovo Group. It has a business presence in mainland China, the U.S., Vietnam, Brazil, Poland and Mexico, and has more than 6,000 employees.

As part of Compal's efforts to expand, the company has been shifting away from its core PC business and venturing into the industrial computer and mobile device sectors. Compal reportedly helps produce Apple's iPads, as well as smartphones for such companies as HTC and Sony.

It has also tried to diversify into other fields through takeovers. In 2014, it acquired a minority stake in Taiwanese industrial and embedded PC-maker Avalue Technology to tap into the health care and connected-device sectors.

The company was established by the Hsu family in 1984. Chairman Rock Hsu also serves as chairman of more than 30 technology companies in Taiwan, including Kinpo Electronics, AcBel Polytech and Vibo Telecom.

Business Summary

Compal Electronics, Inc. engages in the research, development, design, production, and sale of computing, communications, and consumer products. Its products include notebook PCs, liquid-crystal display products, smart device, ultrabook pcs, 2-in-1 pcs, all-in-one pcs, tablet pcs, servers, auto electronics, smart home products, public displays, smart phones, smart accessory, and wearable devices. The company was founded by Chau Ing Hsu on June 1, 1984 and is headquartered in Taipei City, Taiwan.

Financial Highlights

Dec 2019 TWDUSD
Revenue980,442.34M31,716.48M
Gross Profit32,597.05M1,054.48M
Operating income10,596.72M342.79M
Income before tax9,810.86M317.37M
Net income6,955.89M225.01M
EBITDA17,016.14M550.45M
Diluted EPS1.580.05
Dividends Per Share1.200.03
Total Assets382,648.41M12,764.73M
Total liabilities267,889.07M8,936.48M
Total equity105,972.63M3,535.13M
Operating cash flow18,290.17M591.67M
Currency in TWDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 847,305.69M 766,810.03M 887,656.95M 967,706.41M 980,442.34M
Gross Profit 32,288.94M 31,867.08M 31,127.84M 29,782.83M 32,597.05M
Operating income 11,312.45M 11,063.64M 9,208.42M 9,261.74M 10,596.72M
Income before tax 11,424.93M 10,741.36M 7,507.71M 10,992.21M 9,810.86M
Net income 8,684.61M 8,130.89M 5,749.52M 8,913.36M 6,955.89M
EBITDA 17,237.06M 16,731.75M 14,393.10M 14,202.41M 17,016.14M
Diluted EPS 1.97 1.84 1.31 2.01 1.58
Dividends Per Share 1.20 1.20 1.20 1.20 1.20
Total Assets 327,925.57M 347,016.11M 363,356.42M 399,794.82M 382,648.41M
Total liabilities 218,327.45M 234,732.29M 254,708.44M 286,632.97M 267,889.07M
Total equity 103,775.79M 105,804.38M 101,895.58M 105,723.64M 105,972.63M
Operating cash flow 9,375.57M 1,348.69M -2,226.73M -11,326.28M 18,290.17M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 26,683.37M 23,776.46M 29,177.44M 32,091.64M 31,716.48M
Gross Profit 1,016.84M 988.10M 1,023.17M 987.67M 1,054.48M
Operating income 356.25M 343.05M 302.68M 307.14M 342.79M
Income before tax 359.79M 333.05M 246.77M 364.53M 317.37M
Net income 273.49M 252.11M 188.98M 295.59M 225.01M
EBITDA 542.82M 518.80M 473.10M 470.98M 550.45M
Diluted EPS 0.06 0.05 0.04 0.06 0.05
Dividends Per Share 0.03 0.03 0.03 0.03 0.03
Total Assets 9,983.42M 10,767.20M 12,210.17M 13,006.95M 12,764.73M
Total liabilities 6,646.80M 7,283.26M 8,559.18M 9,325.34M 8,936.48M
Total equity 3,159.36M 3,282.89M 3,424.08M 3,439.62M 3,535.13M
Operating cash flow 295.25M 41.81M -73.19M -375.60M 591.67M

Valuation Measures

Dec 2019
PER11.79
ROA1.77%
ROE6.57%
Operating margin1.08%
Profit margin0.70%

Key executives

  • President, CEO & Director: Chung-Pin Wong
  • Vice Chairman & CSO: Jui-Tsung Chen
  • Chief Finance Officer & Vice President: Ching Hsiung Lue
  • Director & Executive Vice President: Sheng Hua Peng
  • Deputy General Manager: Chih Chuan Chen

Shareholders

  • Silchester International Investors LLP (9.6%)
  • Kinpo Electronics, Inc. (3.4%)
  • The Vanguard Group, Inc. (3.3%)
  • BlackRock Fund Advisors (3.0%)
  • Yuanta Securities Investment Trust Co., Ltd. (2.7%)
  • Dimensional Fund Advisors LP (2.2%)
  • Labor Pension New Fund (2.0%)
  • Labor Insurance Fund (1.8%)
  • Norges Bank Investment Management (1.4%)
  • Fubon Life Insurance Co., Ltd. (1.4%)

Contact Details

  • Website:http://www.compal.com
  • Address: No. 581 & 582, Lane 1, Ruiguang Road, Neihu District, Taipei, 114 92, Taiwan
  • Phone: +886.2.87978588

Related Companies

  • Compal Electronics India Pvt Ltd.
  • Compal Electronics Chengdu Co. Ltd.
  • Compal Electronics (Chongqing) Co., Ltd.
  • Compal Digital Communications Nanjing Co. Ltd.
  • Compal Electronics Europe Sp zoo
  • LC Future Center Ltd.
  • Henghao Technology Co. Ltd.
  • Zhaopal Investment Co. Ltd. /Chunghwa/
  • Compal Europe Poland Sp zoo
  • Auscom Engineering, Inc.
  • Compal Digital Electronics (Kunshan) Co. Ltd.
  • Compal Electronics (China) Co., Ltd.
  • Yongpal Investment Co. Ltd.
  • Hanhelt Communications (Nanjing) Co. Ltd.
  • Kaipal Investment Co. Ltd.
  • Compal (Vietnam) Co., Ltd.
  • Compal Information Research & Development (Nanjing) Co. Ltd.
  • Compal Electronics International Ltd.
  • Compal International Holding (HK) Ltd.
  • Motorola, Inc. /European Cable Modem Business Unit/
  • Bizcom Electronics, Inc.
  • Arcadyan, Inc.
  • Hung Chin Investment Co. Ltd.
  • Hua Pao Communications Co. Ltd.
  • Ching Pao Technology Co. Ltd.
  • Hung Chi Investment Co. Ltd. /Compal/
  • Compal Electronics Holding Ltd.
  • Compal International Holding Ltd.
  • Just International Ltd.
  • Hong Ji Capital Co. Ltd.

Competitors

  • Pegatron Corporation
  • Universal Scientific Industrial (Shanghai) Co., Ltd. Class A
  • Wistron Corporation
  • VIA optronics AG Sponsored ADR
  • Clevo Co.
  • Sunrex Technology Corporation
Last Updated on 22 Oct, 2020

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