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Electronic Technology

HIWIN Technologies Corp.

  • 528.00 TWD
  • +7.00
  • +1.34%
  • Taiwan
    Apr 19, 2018
  • Ticker
    TAI(2049)
  • Prev. close
    521.00
  • Market cap (TWD)
    145,961.96M
  • Market cap (USD)
    4,975.09M
  • Shares
    280.15M

Company Background

Hiwin Technologies is a major Taiwanese manufacturer of machine tool parts. It is strong in such products as ball screws, used to make machine tools move smoothly, and linear guideways, used for accurate positioning. Hiwin is considered one of the world's top three producers of ball screws. It has locations in 12 countries and regions, including Taiwan. Founder and Chairman Eric Chuo used to work at a Taiwanese bank and handled loans for corporate customers before starting his own consulting business. He established Hiwin in 1989 based on a failing machine parts maker he acquired. In the 1990s, Hiwin began an overseas expansion push that included takeovers of German and Israeli parts makers. In 2013, it began supplying products to Japan's Toyota Motor group, taking advantage of its price competitiveness.

That same year, Hiwin began manufacturing industrial robots, focusing on demand for automated production lines at factories.

Hiwin established a local subsidiary in the Chinese city of Suzhou, Jiangsu Province, in 2014 to gain access to the mainland market. The company plans to start building a factory there at the end of 2015.

Hiwin also plans to build a factory in the Taiwanese city of Taichung, where it is headquartered.

In 2014, the company announced it will set up a research and development center for the precision machine industry with Taiwan's National Tsing Hua University.

It will at least spend 200 million New Taiwan dollars ($6.1 million) over the next decade to nurture human resources.

Business Summary

HIWIN Technologies Corp. is engaged in the manufacture and sale of linear motion control products. Its products include ballscrew, linear guideway, linear bearing, single axis robot, linear motion system, linear actuator and positioning measurement system. The company was founded on October 11, 1989 and is headquartered in Taichung, Taiwan.

Financial Highlights

Dec 2017 TWDUSD
Revenue21,164.76M695.68M
Gross Profit7,337.44M241.18M
Operating income3,237.08M106.40M
Income before tax2,788.73M91.66M
Net income2,738.01M89.99M
EBITDA4,819.03M158.40M
Diluted EPS9.750.32
Dividends Per Share3.500.11
Total Assets37,573.55M1,262.61M
Total liabilities20,973.70M704.79M
Total equity16,293.09M547.51M
Operating cash flow6,567.76M215.88M
Currency in TWDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 12,442.86M 15,087.33M 14,881.04M 16,118.29M 21,164.76M
Gross Profit 4,451.13M 5,615.80M 5,157.20M 5,107.02M 7,337.44M
Operating income 2,368.87M 2,847.83M 1,902.61M 1,450.90M 3,237.08M
Income before tax 2,493.24M 2,900.88M 1,811.09M 1,170.53M 2,788.73M
Net income 2,021.58M 2,404.90M 1,642.23M 1,326.81M 2,738.01M
EBITDA 3,441.75M 3,954.33M 3,255.88M 2,938.92M 4,819.03M
Diluted EPS 7.18 8.54 5.83 4.72 9.75
Dividends Per Share 2.44 2.98 2.01 1.56 3.50
Total Assets 27,610.98M 30,365.44M 32,766.21M 32,966.52M 37,573.55M
Total liabilities 15,815.39M 16,693.15M 18,265.48M 18,166.60M 20,973.70M
Total equity 11,231.75M 12,928.14M 13,646.03M 14,101.61M 16,293.09M
Operating cash flow 2,430.79M 3,232.51M 1,069.75M 4,429.53M 6,567.76M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 419.21M 497.87M 468.63M 499.77M 695.68M
Gross Profit 149.96M 185.32M 162.41M 158.35M 241.18M
Operating income 79.81M 93.97M 59.91M 44.98M 106.40M
Income before tax 84.00M 95.72M 57.03M 36.29M 91.66M
Net income 68.10M 79.36M 51.71M 41.14M 89.99M
EBITDA 115.95M 130.49M 102.53M 91.12M 158.40M
Diluted EPS 0.24 0.28 0.18 0.14 0.32
Dividends Per Share 0.08 0.09 0.06 0.04 0.11
Total Assets 926.43M 960.87M 997.54M 1,022.88M 1,262.61M
Total liabilities 530.65M 528.23M 556.07M 563.67M 704.79M
Total equity 376.86M 409.09M 415.44M 437.54M 547.51M
Operating cash flow 81.89M 106.67M 33.68M 137.34M 215.88M

Valuation Measures

Dec 2017
PER32.95
ROA7.76%
ROE18.01%
Operating margin15.29%
Profit margin12.93%

Key executives

  • Chairman & Chief Executive Officer: Yung Tsai Cho
  • Deputy GM, Head-Finance & Accounting: Yi Feng Lin
  • General Manager & Director: Hui Ching Tsai
  • Director & Deputy General Manager: Wen Heng Cho
  • Deputy General Manager: Hsien Te Sung

Shareholders

  • Ta Yin Investment Co. Ltd. (7.2%)
  • CHO YUNG TSAI (4.6%)
  • LI HSUN CHIN (4.4%)
  • The Vanguard Group, Inc. (2.8%)
  • APG Asset Management NV (2.5%)
  • BlackRock Fund Advisors (2.0%)
  • CHO WEN HENG (2.0%)
  • TSAI HUI CHING (1.5%)
  • BlackRock Advisors (UK) Ltd. (1.4%)
  • CHEN CHIN TSAI (1.4%)

Contact Details

  • Website:http://www.hiwin.com.tw
  • Address: No. 7, Jingke Road, Taichung Precision Machinery Park, Taichung, 40852, Taiwan
  • Phone: +886.4.2359.4510

Related Companies

  • Shenzhen Hiwin Electrical & Mechanical Co. Ltd.
  • Hiwin China Co. Ltd.
  • Hiwin Korea Corp.
  • Hiwin Singapore PTE Ltd.
  • Luren Precision Co., Ltd.
  • HIWIN GmbH

Competitors

    Last Updated on 19 Apr, 2018

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