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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 2021 TWDUSD
Revenue1,235.68B44,239.14M
Gross Profit39,905.49M1,428.67M
Operating income13,366.82M478.55M
Income before tax17,019.27M609.31M
Net income12,632.66M452.26M
EBITDA20,269.93M725.69M
Diluted EPS2.850.10
Dividends Per Share20.07
Total Assets537,095.34M19,412.85M
Total liabilities415,555.53M15,019.89M
Total equity111,360.26M4,025.02M
Operating cash flow-25,678.88M-919.33M
Currency in TWDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 887,656.95M 967,706.41M 980,442.34M 1,048.92B 1,235.68B
Gross Profit 31,127.84M 29,782.83M 32,597.05M 33,997.16M 39,905.49M
Operating income 9,208.42M 9,261.74M 10,596.72M 11,511.23M 13,366.82M
Income before tax 7,507.71M 10,992.21M 9,810.86M 12,687.05M 17,019.27M
Net income 5,749.52M 8,913.36M 6,955.89M 9,361.89M 12,632.66M
EBITDA 14,393.10M 14,202.41M 17,016.14M 17,704.22M 20,269.93M
Diluted EPS 1.31 2.01 1.58 2.12 2.85
Dividends Per Share 1.20 1.20 1.20 1.60 2
Total Assets 363,356.42M 399,794.82M 382,648.41M 466,925.69M 537,095.34M
Total liabilities 254,708.44M 286,632.97M 267,889.07M 350,936.04M 415,555.53M
Total equity 101,895.58M 105,723.64M 105,972.63M 106,832.50M 111,360.26M
Operating cash flow -2,226.73M -11,326.28M 18,290.17M 15,160.31M -25,678.88M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 29,177.44M 32,091.64M 31,716.48M 35,623.92M 44,239.14M
Gross Profit 1,023.17M 987.67M 1,054.48M 1,154.61M 1,428.67M
Operating income 302.68M 307.14M 342.79M 390.94M 478.55M
Income before tax 246.77M 364.53M 317.37M 430.88M 609.31M
Net income 188.98M 295.59M 225.01M 317.95M 452.26M
EBITDA 473.10M 470.98M 550.45M 601.27M 725.69M
Diluted EPS 0.04 0.06 0.05 0.07 0.10
Dividends Per Share 0.03 0.03 0.03 0.05 0.07
Total Assets 12,210.17M 13,006.95M 12,764.73M 16,617.75M 19,412.85M
Total liabilities 8,559.18M 9,325.34M 8,936.48M 12,489.71M 15,019.89M
Total equity 3,424.08M 3,439.62M 3,535.13M 3,802.13M 4,025.02M
Operating cash flow -73.19M -375.60M 591.67M 514.87M -919.33M

Valuation Measures

Dec 2021
PER8.34
ROA2.51%
ROE11.57%
Operating margin1.08%
Profit margin1.02%

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 (6.8%)
  • Cathay Securities Investment Trust Co., Ltd. (6.3%)
  • Yuanta Securities Investment Trust Co., Ltd. (5.9%)
  • Kinpo Electronics, Inc. (3.4%)
  • BlackRock Fund Advisors (3.4%)
  • The Vanguard Group, Inc. (2.9%)
  • Fubon Life Insurance Co., Ltd. (2.1%)
  • Taiwan Cooperative Financial Holding Co., Ltd. (1.7%)
  • Norges Bank Investment Management (1.5%)
  • Labor Pension New Fund (1.5%)

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

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Competitors

  • Pegatron Corporation
  • Universal Scientific Industrial (Shanghai) Co., Ltd. Class A
  • Wistron Corporation
  • Clevo Co.
  • Sunrex Technology Corporation
  • VIA optronics AG Sponsored ADR
Last Updated on 4 Oct, 2022

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